3M India Limited , a subsidiary of the US-based 3M Company, has announced strong financial results for the first quarter, demonstrating significant growth across key metrics.

Revenue Growth

The company reported a substantial 14.3% year-over-year increase in revenue, with sales and other operating income reaching ₹1,196.00 crores in Q1, compared to the same quarter of the previous year. This growth reflects the company's strong market position and effective business strategies.

Profit Performance

3M India's profit after tax (PAT) saw a notable rise of 13.1%, reaching ₹178.00 crores in Q1, up from the same period last year. The company's profit before tax (PBT) also increased by 13.5% to ₹239.00 crores, showcasing improved operational efficiency.

EBITDA Growth

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) demonstrated robust growth, increasing by 13.0% year-over-year and 6.9% quarter-over-quarter to ₹257.00 crores in Q1. This improvement in EBITDA indicates enhanced operational performance and cost management.

Segment-wise Performance

3M India reported broad-based growth across all four of its business segments:

• Healthcare and Consumer segments: Both grew by 20% each
• Safety & Industrial segment: Grew by 11.9%
• Transportation & Electronics segment: Increased by 11.2%

This balanced growth across segments underscores the company's diverse product portfolio and its ability to capitalize on various market opportunities.

Management Commentary

Ramesh Ramadurai, Managing Director of 3M India Limited, commented on the results, attributing the growth to sales and marketing investments made since the middle of the previous financial year to improve market penetration and commercial excellence.

Financial Highlights

The Board of Directors approved these unaudited financial results at a meeting held on August 7.

The company's strong performance in Q1 reflects its continued focus on innovation, market expansion, and operational efficiency. With its diverse product portfolio and strategic investments in sales and marketing, 3M India appears well-positioned for sustained growth in the coming quarters.

3M India Limited , a diversified technology company, has successfully resolved its long-standing tax disputes with the Indian tax authorities. The company has opted for a resolution plan to settle tax disputes spanning from the financial year 2004-05 to 2013-14, with the tax amount fixed at ₹19.40 crore as part of this settlement arrangement.

Direct Tax Vivad Se Vishwas Scheme

The settlement was made possible through the 'Direct Tax Vivad Se Vishwas Scheme, 2024,' introduced by the Finance (No. 2) Act, 2024. This scheme aims to settle tax disputes and reduce litigation. 3M India chose to participate in this scheme to resolve several open tax litigations for the specified period.

Settlement Details

According to the latest corporate filing, 3M India has received a Certificate in Form 2 from the Principal Commissioner of Income Tax, Bengaluru - 2, for the financial year 2011-12. This certificate, received on July 23, 2025, determines the amount payable, adjusted, or refundable under the scheme.

Financial Year 2011-12 Settlement

For the financial year 2011-12 alone, 3M India had filed two separate applications to settle distinct tax disputes:

1. The first application was previously accepted, and the company had already communicated the issuance of the first Form 2 to the stock exchanges.
2. The second application has now been accepted, with the Principal Commissioner of Income Tax issuing the second Form 2 for FY 2011-12.

Tax Payable

As per the second Form 2 received for FY 2011-12, after adjusting for amounts already paid against tax arrears, the tax payable by 3M India is determined to be ₹1.94 crore.

Other Financial Years

3M India has also received Form 2 certificates for several other financial years, including:

• FY 2004-05
• FY 2009-10
• FY 2010-11
• FY 2012-13
• FY 2013-14

These settlements have been previously communicated to the stock exchanges.

Ongoing Process

The company noted that applications for the settlement of certain disputes for other financial years are still under review by the Designated Authority.

Impact on Company Operations

3M India has stated that there is no material impact on its operations or activities concerning this tax settlement.

The resolution of these tax disputes marks a significant step for 3M India in clearing its tax liabilities and potentially reducing future litigation costs. This move aligns with the government's initiative to simplify the tax dispute resolution process and promote a more business-friendly environment.