3M India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
3MINDIA · price
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On the reaction day the stock moved 4.2 pts less than Nifty Midcap 150 and 3.6 pts less than its Diversified peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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3M India reported FY25 revenue from operations of Rs. 4,446 crores, up about 6% YoY, with Q4 revenue up roughly 9.5% YoY to Rs. 1,198 crores driven by Healthcare and Consumer segments. However, profit after tax dropped 18% for the full year to Rs. 476 crores and 60% in Q4 to Rs. 71 crores, mainly because the company booked a one-time net tax expense of about Rs. 99 crores under the Direct Tax Vivad Se Vishwas Scheme to settle old disputes from 2004-05 to 2013-14. EBITDA was essentially flat YoY at around Rs. 840 crores despite revenue growth, pointing to margin compression. The Board recommended a total dividend of Rs. 535 per share (Rs. 160 final + Rs. 375 special). Prior-year FY24 numbers were restated to reflect the amalgamation of wholly-owned subsidiary 3M Electro & Communication India, and auditors B S R & Co. LLP issued an unmodified (clean) opinion.
Shareholders will see a generous payout if the dividend is approved at the August 26 AGM, but the sharp Q4 PAT fall and one-time tax charge may weigh on near-term sentiment. Underlying revenue growth is healthy and the merger cleanup provides cleaner comparisons going forward.