3M India Limited — Board Meeting, 12-11-2024: Outcome of Board Meeting

The Board of Directors of 3M India Limited has approved the financial results for the quarter and half-year, reporting a total income from operations of ₹1,219.73 crore, with a net profit of ₹134.38 crore after tax. The company noted a 7% sales growth year-on-year, driven primarily by the Health Care segment, which surged 19%. However, EBITDA decreased by 11% sequentially and 4% compared to the previous year, attributed to increased costs, including freight and materials. Additionally, Mr. Amit Laroya has resigned as a Non-Executive Director. The Board also granted in-principle approval for selling approximately 4.13 acres of land in Pune.