3M India breaches 20% UC
By
Research Desk
about 8 years ago
3M India breached the upper circuit at Rs.12154.65, up 20% and this was on account of its block buster Q3FY16 numbers. Its 52-week high is Rs.12899.
The company for the quarter jumped up 17% (YoY) at Rs.511 crore. EBITDA was up 157%, up from Rs.35 crore to Rs.90 crore. Margins have improved from 8.04% to 17.61%. Net profit was up over 3 times at Rs.57 crore.
The company, for 9MFY16 posted a net profit at Rs.143 crore and this has already surpassed entire FY15 net profit of Rs.11 crore.