Financial Result for Q4 and FY 2024-25 and outcome of Board Meeting
Awaiting price reaction for this filing.
3M India posted FY25 revenue from operations of Rs. 4,445.6 crores, up about 6.1% YoY (restated for the merger of wholly-owned subsidiary 3M E&C). Q4 revenue grew roughly 9.5% YoY to Rs. 1,198.2 crores. Despite top-line growth, FY25 profit after tax fell about 18% to Rs. 476.1 crores, and Q4 PAT dropped nearly 59% to Rs. 71.4 crores, mainly due to a one-time tax expense of about Rs. 98.9 crores booked under the Direct Tax Vivad Se Vishwas (VSV) Scheme for settling disputes from FY05 to FY14. All four business segments – Transportation & Electronics, Safety & Industrial, Healthcare and Consumer – grew YoY, with Healthcare leading. EBITDA was almost flat for the year, indicating mild margin compression versus the prior year.
Positive for shareholders due to combined final and special dividend totaling Rs. 535 per share (Rs. 160 final + Rs. 375 special), reflecting strong cash flows and rewarding shareholders generously. However, the sharp PAT decline on lower margins and the one-time tax hit may temper short-term sentiment. The unchanged auditor (B S R & Co. LLP) gave an unqualified/unmodified opinion, lending comfort on the numbers.