Sales of Safety & Industrial segment has gone up 117.15% to Rs 287.71 crore (accounting for 38.68% of total sales).  Sales of Transportation & Electronics segment has gone up 182.88% to Rs 237.67 crore (accounting for 31.95% of total sales).  Sales of Health Care segment rose 68.91% to Rs 130.07 crore (accounting for 17.49% of total sales).  Sales of Consumer segment has gone up 64.80% to Rs 80.86 crore (accounting for 10.87% of total sales).  Sales of Others segment has gone up 110.14% to Rs 7.57 crore (accounting for 1.02% of total sales).  

PBIT of Safety & Industrial reported profit of Rs 2.77 crore compared to loss of Rs 21.89 crore.  PBIT of Transportation & Electronics segment fell 93.36% to Rs -2.83 crore (accounting for -8.56% of total PBIT).  PBIT of Health Care segment rose 3,742.06% to Rs 16.56 crore (accounting for 50.03% of total PBIT).  PBIT of Consumer reported profit of Rs 12.61 crore compared to loss of Rs 0.10 crore.  PBIT of Others segment rose 396.71% to Rs 4.00 crore (accounting for 12.07% of total PBIT).  

PBIT margin of Safety & Industrial segment rose from negative 16.52% to 0.96%.  PBIT margin of Transportation & Electronics segment rose from negative 50.78% to negative 1.19%.  PBIT margin of Health Care segment rose from 0.56% to 12.73%.  PBIT margin of Consumer segment rose from negative 0.20% to 15.59%.  PBIT margin of Others segment rose from 22.32% to 52.77%.  Overall PBIT margin rose from 18.32% to 4.45%.  

Operating profit margin (OPM) has turned from negative 13.98% to positive 6.44%, Operating profit for the quarter stood at Rs 47.88 crore compared to loss of Rs 48.39 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 36.45% to 43.39%.   Purchase of finished goods cost fell from 26.92% to 26.14%.   Employee cost decreased from 25.94% to 11.91%.   Other expenses fell from 24.36% to 12.74%.   

Other income rose 24.65% to Rs 7.99 crore.  PBIDT stood at Rs 55.87 crore compared to loss of Rs 41.98 crore.  Provision for interest fell 30.12% to Rs 0.58 crore.  

PBDT stood at Rs 55.29 crore compared to loss of Rs 42.81 crore.  Provision for depreciation fell 1.73% to Rs 14.77 crore.  

Profit before tax reported profit of Rs 40.52 crore compared to loss of Rs 57.84 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was debit of Rs 10.42 crore, compared to credit of Rs 15.32 crore.  Effective tax rate was 25.72% compared to 26.49%.

Minority interest was nil in both the periods.  Net profit was Rs 30.1 crore compared to loss of Rs 42.52 crore.

Promoters' stake was 75.00% as of 30 June 2021 ,compared to 75.00% as of 30 June 2020 .  

Full year results analysis.

Net sales (including other operating income) of 3M India has declined 12.78% to Rs 2604.83 crore.  Sales of Safety & Industrial segment has gone down 10.10% to Rs 1,012.50 crore (accounting for 38.87% of total sales).  Sales of Transportation & Electronics segment has gone down 13.64% to Rs 890.34 crore (accounting for 34.18% of total sales).  Sales of Health Care segment fell 25.47% to Rs 362.01 crore (accounting for 13.90% of total sales).  Sales of Consumer segment has gone down 2.13% to Rs 312.86 crore (accounting for 12.01% of total sales).  Sales of Others segment has gone up 13.00% to Rs 27.13 crore (accounting for 1.04% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 49.37% to Rs 197.64 crore.  PBIT of Safety & Industrial segment fell 41.20% to Rs 103.92 crore (accounting for 52.58% of total PBIT).  PBIT of Transportation & Electronics segment fell 79.09% to Rs 14.19 crore (accounting for 7.18% of total PBIT).  PBIT of Health Care segment fell 58.91% to Rs 30.47 crore (accounting for 15.42% of total PBIT).  PBIT of Consumer segment fell 40.00% to Rs 39.86 crore (accounting for 20.17% of total PBIT).  PBIT of Others segment rose 78.46% to Rs 9.20 crore (accounting for 4.66% of total PBIT).  

PBIT margin of Safety & Industrial segment fell from 15.69% to 10.26%.  PBIT margin of Transportation & Electronics segment fell from 6.58% to 1.59%.  PBIT margin of Health Care segment fell from 15.27% to 8.42%.  PBIT margin of Consumer segment fell from 20.78% to 12.74%.  PBIT margin of Others segment rose from 21.47% to 33.91%.  Overall PBIT margin fell from 13.07% to 7.59%.  

Operating profit margin has jumped from 15.06% to 9.96%, leading to 42.29% decline in operating profit to Rs 259.49 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 36.79% to 38.49%.   Purchase of finished goods cost rose from 21.40% to 22.59%.   Employee cost increased from 10.99% to 14.32%.   Other expenses fell from 15.78% to 14.57%.   

Other income fell 46.10% to Rs 24.74 crore.  PBIDT fell 42.64% to Rs 284.23 crore.  Provision for interest fell 33.06% to Rs 2.45 crore.  Loan funds declined from Rs 42.13 crore as of 31 March 2020 to Rs 23.13 crore as of 31 March 2021.  Inventories rose to Rs 456.55 crore as of 31 March 2021 from Rs 438.66 crore as of 31 March 2020.  Sundry debtors were lower at Rs 488.53 crore as of 31 March 2021 compared to Rs 534.25 crore as of 31 March 2020.  Cash and bank balance rose to Rs 1,062.42 crore as of 31 March 2021 from Rs 780.57 crore as of 31 March 2020.  

PBDT fell 42.72% to Rs 281.78 crore.  Provision for depreciation rose 4.25% to Rs 61.85 crore.  Fixed assets declined from Rs 312.54 crore as of 31 March 2020 to Rs 289.42 crore as of 31 March 2021.  Intangible assets declined from Rs 0.35 crore to Rs 0.34 crore.  

Profit before tax down 49.16% to Rs 219.93 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 57.55 crore, compared to Rs 110.4 crore.  Effective tax rate was 26.17% compared to 25.52%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company decreased 49.60% to Rs 162.38 crore.  

Equity capital stood at Rs 11.27 crore as of 31 March 2021 to Rs 11.27 crore as of 31 March 2020.  Per share face Value remained same at Rs 10.00.  

Promoters' stake was 75.00% as of 31 March 2021 ,compared to 75.00% as of 31 March 2020 .  

Cash flow from operating activities increased to Rs 321.07 crore for year ended March 2021 from Rs 245.05 crore for year ended March 2020.  Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 41.52 crore, compared to Rs 21.23 crore during the year ended March 2020.  

Management Commentary: Mr. Ramesh Ramadurai, Managing Director of 3M India Limited, said "I thank all of our employees and business partners for meeting customer expectations during yet another quarter of volatility amidst the trauma of the second wave. The Company faced significant cost headwinds during the quarter, both in material cost inflation as well as freight related cost increases. We do not anticipate immediate relief from these cost pressures. I am proud of the support we were able to provide government hospitals in partnership with other Companies, in augmenting ICU beds capacity, and other similar interventions. I am pleased that over 90% of our employees have received at least one dose of the vaccine and close to 50% have received both doses. Most of these were done through Company sponsored vaccine drives for employees and their families, Pan India."