Outcome of Board Meeting
Awaiting price reaction for this filing.
The Board of 3M India approved audited financial results for Q4 and FY ended March 31, 2025 with an unmodified auditor opinion from B S R & Co. LLP. FY25 total income rose to Rs. 4,515.8 crores from Rs. 4,267.7 crores, while net profit declined 18% YoY to Rs. 476 crores (vs Rs. 583 crores in FY24, restated) and EPS fell to Rs. 422.60 from Rs. 517.90. Q4 PAT dropped 60% YoY to Rs. 71 crores, mainly due to a one-time net tax expense of Rs. 98.9 crores booked under the Direct Tax Vivad Se Vishwas Scheme to settle old disputes. The Board recommended a Final Dividend of Rs. 160 and a Special Dividend of Rs. 375 per equity share (total Rs. 535), subject to shareholder approval. Record Date is fixed as July 25, 2025, with AGM on August 26, 2025. V. Sreedharan & Associates was also appointed as Secretarial Auditor for 5 years (FY26–FY30).
The combined Rs. 535 per share dividend is a strong cash return to shareholders, which should be viewed positively. However, the 18% YoY drop in annual profit and the sharp 60% Q4 PAT decline, driven by the one-time tax settlement under the VSV scheme, may temper near-term sentiment even though underlying sales grew around 6% for the full year.