3M India triples quarterly profit, issues ₹506 dividend
A labour code windfall drove Q4 earnings to ₹215 cr, while the full-year revenue hit ₹5,090 cr.
— 2 earlier stories on 3M India Ltd. →What's new
- Annual revenue grew 14.5% to ₹5,090 cr; net profit rose 9.7% to ₹522 cr.
- Q4 net profit hit ₹215 cr, up from ₹71 cr, aided by a labour code adjustment gain.
- M D Ranganath named board chairman; Kavita Nair joins as an independent director.
Why it matters
The dividend payout of roughly ₹570 cr distributes much of the year's bottom line. While the Q4 profit jump relies on a non-recurring accounting gain, the consistent double-digit growth across all business segments confirms the company's performance.
What we're watching
- Profit margins once the one-time labour code gain is removed.
- Capital allocation policy under new chairman M D Ranganath.
- Maintenance of double-digit growth rates in FY27.
The full read
3M India closed the fiscal year with a 14.5% revenue rise to ₹5,090 crore. Net profit for the full year climbed 9.7% to ₹522 crore. The final quarter showed a different trajectory. Driven by an exceptional gain linked to labour code adjustments, Q4 net profit surged to ₹215 crore — more than tripling the ₹71 crore recorded in the same period last year. Management proposed a total dividend of ₹506 per share. This package includes a ₹346 special dividend. Board changes accompanied the results, with M D Ranganath stepping in as chairman and Kavita Nair joining as an independent director to fill the vacancy left by Radhika Rajan. The firm enters the new year having hit double-digit growth across its entire portfolio.