3M India

BENGALURU, Aug 26 (Reuters) - Diary of India economic, corporate events on August 26

ECONOMIC, CORPORATE .BSE500 EVENTS

(Compiled by Bengaluru Newsroom)

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Aug 14 (Reuters) - 3M India Ltd TMIN.NS:

• 3M INDIA JUNE-QUARTER PAT 2.33 BILLION RUPEES

• 3M INDIA JUNE-QUARTER REVENUE FROM OPERATIONS 14.23 BILLION RUPEES

Source text: ID:nBSEbvjmky

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Aug 11 (Reuters) - 3M India Ltd TMIN.NS:

• 3M INDIA- UPDATE ON TEMPORARY CLOSURE OF OPERATIONS AT AHMEDABAD PLANT DUE TO HEAVY RAINS

• 3M INDIA - MANUFACTURING OPERATIONS FULLY RESUMED FROM AUGUST 10, 2026 AT AHMEDABAD PLANT

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July 24 (Reuters) - 3M India Ltd TMIN.NS:

• 3M INDIA - TEMPORARILY SUSPENDS OPERATIONS AT AHMEDABAD PLANT DUE TO HEAVY RAINFALL AND FLOODING

• 3M INDIA - RESTORATION OF AHMEDABAD PLANT OPERATIONS EXPECTED TO TAKE A FEW DAYS

• 3M INDIA - DOES NOT FORESEE MATERIAL IMPACT ON OVERALL OPERATIONS

Source text: ID:nBSE1Dj1rF

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Feb 24 (Reuters) - 3M India Ltd TMIN.NS:

• 3M INDIA - SIGNS APA WITH CBDT, RECORDS TAX EXPENSE OF 1.71 BILLION RUPEES

Source text: ID:nBSE9sp1VS

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Feb 12 (Reuters) - 3M India Ltd TMIN.NS:

• 3M INDIA Q3 LOSS AFTER TAX 620.5 MILLION RUPEES

• 3M INDIA Q3 REVENUE FROM OPERATIONS 12.28 BILLION RUPEES

• 3M INDIA - RAMESH RAMADURAI TO RETIRE AS MANAGING DIRECTOR ON MARCH 31, 2026

• 3M INDIA - ASEEM KULDIP JOSHI APPOINTED AS MANAGING DIRECTOR EFFECTIVE APRIL 1, 2026

• 3M INDIA - ONE-TIME CHARGE OF 745.7 MILLION RUPEES IN Q3 ON LABOUR CODES

Source text: ID:nBSEb2mnbg

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Aug 25 (Reuters) - 3M India Ltd TMIN.NS:

• APPOINTS ASEEM JOSHI AS PRESIDENT AND MD DESIGNATE

Source text: ID:nBSE9SrLx2

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Aug 7 (Reuters) - Diversified products maker 3M India TMIN.NS reported a year-on-year rise in profit after three consecutive quarters of decline, buoyed by strong demand in its healthcare and consumer segments.

The company, which makes everything from 'Post-it' notes to medical gear, reported a 13.1% rise in profit after tax to 1.78 billion rupees ($20.30 million) for the first quarter ended June 30, from 1.57 billion rupees a year ago.

The Indian arm of U.S. conglomerate 3M MMM.N has logged robust demand in sectors such as healthcare, infrastructure and electronics as India's own manufacturing activities scale up, led by higher government expenditure and strong economic growth.

3M India's revenue rose 14.3% to 11.96 billion rupees, marking its highest growth in three quarters. Expenses rose roughly 13%.

Last month parent 3M MMM.N raised its full-year profit forecast and projected a smaller hit from U.S. tariffs to its 2025 earnings.

Sales in both its healthcare and consumer segments, which account for 20% and 11% of the top line, respective, rose 20% each.

Its biggest segment, transportation and electronics, which makes up about 37% of the overall revenue, saw an 11% rise in sales.

Shares of 3M India were down 2.22% in a weak broader market after the U.S. doubled the tariffs on imported Indian goods to 50%, stoking concerns over the economic impact of heightened trade tensions .BO.

($1 = 87.6900 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Janane Venkatraman)

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July 11 (Reuters) - 3M India Ltd TMIN.NS:

• OPTS FOR SCHEME TO SETTLE TAX LITIGATIONS

• 226,000 RUPEES TAX PAYABLE FOR FY 2004-05, 71.7 MILLION RUPEES FOR FY 2009-10

Source text: ID:nBSE1np1GR

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July 9 (Reuters) - 3M India Ltd TMIN.NS:

• AGGREGATE AMOUNT OF TAX TO BE PAID IS 121.1 MILLION RUPEES FOR TAX SETTLEMENT

Source text: ID:nBSE10fMHF

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Feb 6 (Reuters) - Diversified products maker 3M India TMIN.NS reported a 16% fall in its third-quarter profit on Friday, as inflationary pressures pushed costs higher, hurting margins.

The company, whose products range from "Post-it" notes to power tools, said its profit after tax fell to 1.14 billion rupees ($13.05 million) for the quarter ended December 31, compared to 1.35 billion rupees a year ago.

India's consumer goods makers have grappled with high inflation, which spiked to 6.21% in October and remained above 5% through December, driving up the cost of key raw materials.

3M reported a 23% increase in the cost of raw materials and a 13% rise in total expenses for the quarter.

The company's earnings before interest, tax, depreciation, and amortization (EBITDA) margins contracted by 12% compared to the previous year, negatively impacting its profitability.

However, the Scotch-Brite scrub maker has continuously raised prices across its product range in recent quarters to counter inflationary pressures, which helped revenue to grow.

It's transportation and electronics segment, which includes automotive parts, lighting solutions, and wires and cables, posted a 10% increase in revenue, driving the company's total revenue up 8% to 10.9 billion rupees.

3M India, the Indian arm of the U.S.-based industrial conglomerate 3M MMM.N, said its revenue from safety and industrial segment, with products like face shields and construction hats, posted a 1.4% revenue fall.

Shares of the company fell 2% after posting results.

($1 = 87.3710 Indian rupees)

(Reporting by Ashna Teresa Britto; Editing by Tasim Zahid)

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** Diversified products maker 3M India TMIN.NS falls 3.4% to 33,707.60 rupees; set for worst day since early June

** "Post-it" notes to power tools maker reports 8.4% fall in Q2 profit after tax at 1.34 bln rupees ($16 mln), hurt by ~10% jump in expenses

** Rev from ops climb ~7%

** Stock on track for fourth straight session of losses

** TMIN down 8.5% YTD

($1 = 84.3940 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Nov 12 (Reuters) - Diversified products maker 3M India TMIN.NS reported its first drop in quarterly profit in three years on Tuesday, pressured by higher expenses and weakness in its transportation and electronics segment.

The company, whose products range from "Post-it" notes to power tools, reported an 8.4% fall in profit after tax to 1.34 billion rupees ($15.9 million) for the second quarter ended Sept. 30.

Its revenue from operations rose about 7% to 11.11 billion rupees. However, expenses rose about 10% to 9.46 billion rupees, mainly due to a 26% jump in material costs.

"We experienced cost headwinds both due to elevated freight costs as well as material cost increases," Managing Director Ramesh Ramadurai said.

The higher expenses pressured 3M India's earnings before interest, tax, depreciation and amortization (EBITDA), which shrunk to 2.01 billion rupees from 2.10 billion rupees a year ago and 2.27 billion rupees in the previous quarter.

The company's transportation and electronics segment, which houses products including automotive parts, lighting products and wires and cables and contributes 35% of revenue, reported a 1.4% fall in revenue.

Demand for automotive parts was dull as Indian carmakers' sales to dealers marked the first decline in 10 quarters in the July-September period, industry data showed.

Meanwhile, revenue in the safety and industrial segment, which offers products such as face shields and construction hats, grew nearly 9%, helped by pick-up in infrastructure and manufacturing activity.

3M India, the Indian arm of the U.S.-based industrial conglomerate 3M MMM.N, said its revenue from its health care segment grew 19%.

The company has been hiking prices across its product range over the past few quarters, dampening demand.

Last month, 3M reported about an 18% rise in quarterly profit as cost cuts countered the impact of slow sales in its consumer business.

($1 = 84.3500 Indian rupees)

(Reporting by Dimpal Gulwani; Editing by Sumana Nandy and Varun H K)

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BENGALURU, Aug 6 (Reuters) - 3M India TMIN.NS reported on Tuesday a 22% jump in its first-quarter profit, as a decrease in total expenses helped lift the diversified products maker's bottomline.

The company, which makes everything from 'Post-it' notes to power tools, reported a consolidated profit after tax of 1.57 billion rupees ($18.7 million) for the quarter ended June 30, from 1.29 billion rupees a year earlier.

Total expenses declined 4% during the reported quarter, primarily due to a decrease in employee benefit expenses and depreciation charges.

3M India, the Indian arm of the U.S.-based industrial conglomerate 3M Co MMM.N, said its safety and industrial segment - which contributes 32% to the total revenue - saw a slight rise in revenue.

The segment houses products including fire barrier seals and electrical resins.

Revenue from its healthcare segment remained flat, while that from its transportation and electronics segment fell 4%.

3M's total revenue remained flat as consistent price hikes across its product range, including adhesives and office supplies, dampened demand.

Last month, U.S.-based 3M Co reported better-than-expected profit for June quarter and raised its annual adjusted profit forecast, hoping to benefit from its restructuring measures and increasing demand for electronics.

($1 = 83.9325 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sherry Jacob-Phillips)

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** Shares of 3M India TMIN.NS closed up 9.9% after soaring as much as 11.8% to post highest level since end-Jan 2024

** 'Post-it' notes maker's consol Q4 PAT rose 27% y/y, revenue up 5% y/y

** Indian arm of U.S.-based 3M Co MMM.N also approved 160 rupees/shr final dividend and 525 rupees/shr special dividend

** Trading vols 19x 30-day avg

** YTD TMIN has shed 8.1% after a 70% gain in 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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March 15 (Reuters) - 3M India Ltd TMIN.NS:

• OFFICE OF ENFORCEMENT DIRECTORATE CONDUCTED A SEARCH AT OUR OFFICES IN BANGALORE ON MARCH 14

• BUSINESS OPERATIONS OF CO CONTINUED AS USUAL AND WERE NOT IMPACTED DUE TO SEARCH

Source text for Eikon: ID:nBSE9h0568

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Feb 27 (Reuters) - 3M India Ltd TMIN.NS:

• GOT INCOME TAX ASSESSMENT ORDER WITH TAX DEMAND OF 277.4 MILLION RUPEES

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Feb 8 (Reuters) - 3M India Ltd TMIN.NS:

• DEC-QUARTER CONSOL PAT 1.35 BILLION RUPEES VERSUS PROFIT 1.25 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 10.06 BILLION RUPEES VERSUS 9.93 BILLION RUPEES

Source text for Eikon: ID:nBSE8Hp5Xh

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** Shares of 'Post-it' notes maker 3M India TMIN.NS rise as much as 7.5% to 33,499.90 rupees, hitting a record high

** Stock posts it busiest session since late Feb, trading vol at 25,500 shares, 9.3x the 30-day avg

** Reuters could not immediately confirm a reason for the stock move

** TMIN on track for best day since late May 2022

** Stock last up 6.8%, extending YTD gains to 53%; on track for best year since 2017

(Reporting by Dimpal Gulwani in Bengaluru)

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3M India Ltd TMIN.NS:

• 3M INDIA LTD- APPROVED RE-APPOINTMENT OF RAMESH RAMADURAI AS MD

Source text for Eikon: ID:nBSE4V2xc5

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Corrects paragraph 9 in Nov 10 story to say 3M in July 2022 announced plans to spin off its healthcare business, not already spun it off

BENGALURU, Nov 10 (Reuters) - 'Post-it' notes maker 3M India TMIN.NS reported a near 38% jump in its second-quarter profit on Friday, helped by sustained demand for its products.

Consolidated profit after tax came in at 1.46 billion rupees ($17.51 million) for the quarter ended Sept. 30, compared with 1.06 billion rupees a year earlier, the Indian arm of U.S.-based diversified manufacturer 3M Co MMM.N said in a filing.

The Bengaluru-based company makes a host of products including 'Scotch' tape, 'Post-it' notes, power tools, and bandages.

It reported a more than 6% rise in revenue from operations to 10.4 billion rupees, helped by a near 5% growth in the transportation and electronics segment.

A revival in automotive production and increasing focus on localised production of mobile phones has helped buoy demand for the company's transportation and electronics products, analysts have said.

Its safety and industrial segment - which counts face shields and construction hats in its lineup - grew more than 3%.

Shares of 3M India, which have risen nearly 44% so far this year, were up as much as 2.15% post results before closing 0.6% lower.

On Friday, the company approved terms of arrangement with four U.S. entities for licensed manufacturing, reselling and distributorship of its healthcare business in India and Nepal.

This comes after parent 3M Co announced plans to spin off its healthcare business in July 2022, while proposing to maintain the segment's manufacturing and distribution operations in India through the local unit.

The agreements have an initial term of five years and will become effective upon the spin-off's completion, expected during the first half of 2024.

($1 = 83.3719 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman)

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Nov 10 (Reuters) - 3M India Ltd TMIN.NS:

• 3M INDIA SEPT-QUARTER CONSOL PAT 1.46 BILLION RUPEES VERSUS PROFIT 1.06 BILLION RUPEES

• 3M INDIA SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.4 BILLION RUPEES VERSUS 9.77 BILLION RUPEES

• APPROVED DRAFT OF BINDING TERM SHEET PROPOSED TO BE EXECUTED WITH 3M HEALTHCARE US OPCO, LLC AND OTHERS

• TERM SHEET SETS-OUT TERMS FOR LICENSED MANUFACTURING, RESELLING, DISTRIBUTORSHIP TO BE ENTERED BETWEEN ENTITIES, CO

Source text for Eikon: ID:nBSE7sPHrW

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Sept 29 (Reuters) - 3M India Ltd TMIN.NS:

• 3M INDIA LTD - APPROVED AMENDMENTS TO INTELLECTUAL PROPERTY AGREEMENT WITH 3M CO USA, 3M INNOVATIVE PROPERTIES CO

Source text for Eikon: [ID:]

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** Shares of 3M India TMIN.NS rise as much as 3.49% to 27,764.95 rupees

** Diversified science and technology firm posts 53.1% year-on-year rise in June-quarter consolidated profit after tax to 1.29 bln rupees ($15.57 mln)

** Revenue from operations up 11.23% at 10.5 bln rupees

** TMIN reports revenue growth across all major segments - safety and industrial, transportation & electronics, health care and consumer

** EBITDA (earnings before interest, tax, depreciation and amortisation), as calculated by Reuters, rose 49% to 1.73 bln rupees

** TMIN up 26.34% so far in 2023, compared with an 8% rise in the Nifty 50 index .NSEI - Refinitiv data

($1 = 82.8275 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of 3M India Ltd TMIN.NS rise as much as 3.5% to 24,999.5 rupees, their highest since Feb. 2022

** Diversified science and technology co reports a 22.4% rise in March-qtr consolidated profit after tax of 1.36 billion rupees ($16.44 million)

** Revenue from operations rose ~13% Y/Y to 10.46 billion rupees

** Stock trading above its 50-, 100-, and 200-day exponential moving averages for nine consecutive sessions

** About 8,941 shares change hands by 2:33 p.m. IST, 2.2x the 30-day avg - Refinitiv data

** Stock last up 1.6%, extending YTD gains to 11.6%

($1 = 82.7387 Indian rupees)

(Reporting by Priya Sagar in Bengaluru)

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