3M India Q4 Results: ‘Post-it’ maker profit rises on strong demand

3M India’s quarterly profit rose by 24% due to strong demand in its transportation and electronics segment. Its consolidated profit after tax climbed to 1.36 billion rupees in the quarter ended 31 March, whilst consolidated revenue from operations jumped 13% to 10.46 billion rupees. The transportation and electronics business, which contributes about 42% of the company’s revenue, saw revenue and profit more than double as it made power tools and cables. 3M India manufactures everything from ‘Scotch’ tape and ‘Post-it’ notes to medical products and has been raising prices to offset the impact of surging commodity costs.