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3M India Q2 profit down 17% at ₹158.4 crore on rupee slide, rising input costs

Reported by: BusinessLine ·

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3M India

Summary

3M India's net profit for Q2 fell 17%, Moneycontrol reported, citing a weaker rupee and rising input costs. The outlet said shares fell up to 11%. BusinessLine put the revenue picture differently: revenue from operations rose 14.7% to ₹1,452 crore, while expenses increased 21.7%. Q2 is the July to September quarter, the second of India's financial year. Net profit is what is left after all costs and tax. Revenue from operations is the money earned from the main business, before other income. A weaker rupee means the Indian currency buys less foreign currency, which can raise costs for companies that import goods or parts. The reports do not give the year-ago profit figure or the exact closing share price.

AI summary of what BusinessLine and Moneycontrol reported. AI can make mistakes. Read the full story on BusinessLine

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Average tone -2.5 across 2 outlets. Their headlines lean negative.

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BusinessLine  · · Tone -2

3M India Q2 profit down 17% at ₹158.4 crore on rupee slide, rising input costs

All four business segments — Safety and Industrial, Transportation and Electronics, Healthcare, and Consumer — reported revenue growth during the quarter

BusinessLine  · · Tone -3

3M India profit falls on weaker rupee and rising input costs, shares tumble

Revenue from ​operations rose 14.7% ‌to 14.52 billion rupees, while expenses increased 21.7%

Some headlines quote an analyst. Those views are theirs, not ours.

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  • Q2

    Revenue, profit, margins and EPS: what the numbers in a quarterly result mean, why year-on-year and quarter-on-quarter differ, and what a headline can leave out.

    Learn: How to read a company's results

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