18 Feb 2019 | 2:39 AM

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COMPANYNEWS
3M India Q3 net profit up 10.57% at Rs 101.39 cr
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Published on 02-12-2019
The company reported standalone net profit of Rs 101.39 crore for the quarter ended December 31 2018 as compared to Rs 91.70 crore in the same period last year registering a year-on-year growth of 10.57 per cent.


Net revenue of the company rose moderately by 13.97 per cent at Rs 736.00 crore in October-December quarter of this fiscal as against Rs 645.77 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 11.54 per cent to Rs 579.12 crore from Rs 519.22 crore in year ago period.


Other Income dipped by 59.37 per cent at Rs 10.02 crore versus (Dec`17 Rs 24.66 crore).


Operating Profit surged by 23.97 per cent to Rs 156.89 crore as against Rs 126.55 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.78 per cent in December quarter.


Interest declined by 33.33 per cent y-o-y to Rs 0.14 crore while Taxation increased by 12.43 per cent at Rs 55.08 crore (Dec`17 Rs 48.99 crore).