How has been the historical performance of 3M India?
3M India has shown consistent growth in net sales and profit, with net sales increasing from 2,604.83 crore in March 2021 to 4,189.36 crore in March 2024, and profit after tax rising from 162.38 crore to 583.42 crore during the same period. The company's financial performance reflects improved operational efficiency and strong profitability.
Answer:The historical performance of 3M India shows a consistent growth trend in net sales and profit over the years, with the latest figures for March 2024 indicating net sales of 4,189.36 crore and a profit after tax of 583.42 crore.Breakdown:
3M India's net sales have steadily increased from 2,604.83 crore in March 2021 to 4,189.36 crore in March 2024, reflecting a strong upward trajectory. The operating profit, excluding other income, also rose significantly from 259.49 crore in March 2021 to 759.08 crore in March 2024, indicating improved operational efficiency. The profit before tax followed a similar trend, climbing from 219.92 crore in March 2021 to 781.21 crore in March 2024. Correspondingly, the profit after tax surged from 162.38 crore in March 2021 to 583.42 crore in March 2024, showcasing robust profitability. The total assets of the company increased from 2,620.74 crore in March 2021 to 3,220.40 crore in March 2024, while total liabilities also grew from 2,620.74 crore to 3,220.40 crore during the same period, indicating a proportional increase in the company's financial commitments. Cash flow from operating activities improved from 321.00 crore in March 2021 to 643.00 crore in March 2024, contributing to a net cash inflow of 246.00 crore in March 2024, compared to a net outflow of 529.00 crore in March 2023. Overall, 3M India has demonstrated strong financial performance and growth over the years.
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