3M India January-March Profit Slumps 59% On Higher Tax Bill

3M India Ltd.'s net profit for the March quarter slumped 58.7% on year to ₹713.71 million, hit by a steep rise in tax expense. Revenue from operations rose nearly 10% to ₹11.98 billion, the company said in an exchange filing.

Sequentially, profit fell over 37%, while revenue rose 10%.

The company's tax expense jumped to ₹1.54 billion in the quarter, compared with ₹579.6 million a year ago. Other income dropped to ₹135.14 million from ₹301.8 million, while total expenditure, including finance cost, rose to ₹9.87 billion from ₹8.94 billion. Finance cost surged over 77% to ₹13.19 million.

For the financial year 2024–2025, net profit fell over 18% to ₹4.76 billion, though revenue rose just over 6% to ₹44.46 billion.
The company declared a special dividend of ₹535 per share and a final dividend of ₹160 per share.