3M India disclosed a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 2.02 times to Rs 254.49 million from Rs 125.92 million in the same quarter last year.
Net sales for the quarter rose 9.79% to Rs 4,626.19 million, compared with Rs 4,214 million for the prior year period.
Earnings per share for the quarter stood at Rs 22.59, registering 2.02 times growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 4,626.19 | 4,213.71 | 9.79 |
| Net Profit | 254.49 | 125.92 | 102.11 |
| Basic EPS | 22.59 | 11.18 | 102.06 |
Shares of the company declined Rs 66.6, or 1.36%, to settle at Rs 4,833.40. The total volume of shares traded was 92 at the BSE (Friday).
