3M India Limited delivered a mixed quarter. Profit looks higher, but this is mainly because of a ₹73.13 Cr one-time gain from selling land. Without this, the main business performance is weak due to lower margins and rupee weakness. YoY (Standalone) ✧ Revenue from Operations: ₹1,423.21 Cr (+19.00%) ✧ Total Income: ₹1,434.85 Cr (+18.49%) ✧ Profit Before Tax: ₹302.16 Cr (+26.22%) ✧ Net Profit (Attributable to Owners): ₹233.07 Cr (+31.17%) QoQ (Standalone) ✧ Revenue from Operations: ₹1,423.21 Cr (+1.71%) ✧ Total Income: ₹1,434.85 Cr (+1.67%) ✧ Profit Before Tax: ₹302.16 Cr (+4.49%) ✧ Net Profit (Attributable to Owners): ₹233.07 Cr (+8.23%) Negatives: ❌ Profit includes ₹73.13 Cr from land sale. If we remove this, actual profit fell 4.3% compared to last year and 8.0% compared to last quarter. ❌ Overall profit margins reduced. Transportation & Electronics segment profit dropped sharply to ₹67.72 Cr from ₹89.98 Cr last year, even though sales increased. ❌ Finance cost increased to ₹3.98 Cr and rupee weakness also affected margins. Positives: ✅ Sales increased well across segments, especially Healthcare and Industrial. ✅ This is the 5th continuous quarter of strong sales growth.

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