3M India Full Year 2024 Earnings: EPS Beats Expectations

3M India (NSE:3MINDIA) Full Year 2024 Results

Key Financial Results

• Revenue: ₹41.9b (up 5.8% from FY 2023).
• Net income: ₹5.83b (up 29% from FY 2023).
• Profit margin: 14% (up from 11% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ₹518 (up from ₹400 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

3M India EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Industrials industry in Asia.

Performance of the market in India.

The company's shares are down 1.5% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with 3M India.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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