💨 Abstract

3M India, a subsidiary of the U.S.-based conglomerate, reported a 16% drop in third-quarter profit due to higher costs from inflationary pressures, which contracted EBITDA margins by 12%. Despite the fall in profit, the company's revenue grew due to price increases and a 10% increase in revenue from transportation and electronics segment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖