3M India Posted Good Set Of Numbers

3M India is a global technology company delivering innovative solutions to life's everyday needs. 3M India is diversified technology company, the business segments include design & graphic, manufacturing & industry, office, health care, electronic & EC, security related, home and transportation. Some brands under 3M include scotch brite, scotch print, post it, adhesive command and many more.

The 3M india recently announced fourth quarter FY15 and annual FY15 results, the total revenue from operations stood up at Rs 1840 crore compared to Rs 1742 crore increased by 5.62 per cent, in FY15 compared FY14. The segment wise revenue, the major segments which contributes in revenue of the company are industrial, safety & graphics and health care which are increased by 6.7 per cent, 8.12 per cent and 16.68 per cent respectively. The minor segments are consumer, energy and other. The consumer and other segments increased by 8.25 per cent, 35.85 per cent respectively. But the energy segment decreased by 35.72 per cent.

The total expenses of the company slightly increased to Rs 1687 crore than Rs 1679 crore rose by 0.46 per cent to Rs in FY15 compared to FY 14 because of decreased in consumption of raw materials by 3.29 per cent and decreased in other expenses by 0.73 per cent. And increased in Purchase of Traded Goods by 11.11 per cent, Employees Cost by 1.28 per cent and depreciation by 4.2 per cent. The depreciation increased because during the period the company has changed the policies for fixed assets.

The EBITDA increased by 83.15 per cent Y-O-Y basis to Rs 203 crore compared to Rs 111 crore. The EBITDA margin increased by 467 basis points to 11.04 per cent. The other income decreased by 27.38 per cent, the interest decreased by 75.86 per cent. The tax expenses increased by 115.57 per cent.

The net profit of the company during FY15 compared to FY14 increased to Rs 108 crore than Rs 43 crore, rose by 152 per cent due to business grew in every segment, majorly industrial, health care, safety & graphics.

The fourth quarter performance of the company is similar to annual performance. The total revenue stood up at Rs 477 crore compared to Rs 443 crore, rose by 7.84 per cent on sequential basis. The expenses increased slightly by 0.24 per cent. The net profit increased by 150 per cent to Rs 42 crore compared to Rs 17 crore due to increased in other income by 180.83 per cent, and decreased in finance cost by 78.69 per cent. 3M India posted high profit both sequential basis and year on year basis.