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3M India posts quarterly growth


3M India Limited, an Indian subsidiary of US-based 3M Company, on May 28 announced the highlights of results for the quarter and year ended March 31.
The company registered topline and bottomline growth (standalone and consolidated) both Q-o-Q and Q-o-Q (PY) basis.
The sales and other operating income of the company during Jan-March 2021 quarter was Rs 769 crore as against Rs 684 crore during the Oct-Dec 2020 quarter, a growth of 12.4 per cent. While the EBITDA at Rs 103 crore witnessed a growth of 18.4 per cent, PAT was up 24.5 pc at Rs 66 crore.
3M’s sales and other operating income during FY2020-21 was Rs 2,420 crore, down 12.5 pc from FY2019-20 income of Rs 2,765 crore. The PAT of Rs 149 crore during the financial year was also down by 32 per cent.
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