Industrial Machinery company 3M India announced Q3FY26 results Revenue: Rs 1,228 crore against Rs 1,090 crore during Q3FY25, change 13%. EBITDA: Rs 240 crore against Rs 171 crore during Q3FY25, change 40%. PBT: Rs 189 crore against Rs 154 crore during Q3FY25, change 23%. PAT: Rs -62 crore against Rs 114 crore during Q3FY25, change -154%. Ramesh Ramadurai, Managing Director, 3M India, said: “The Company delivered 12.7% sales growth in Q3FY26 versus prior year. The Company delivered broad-based growth across all four business segments. For the quarter, Safety & Industrial sales grew by 20.1%, Healthcare 13.5%, Consumer 12.3%, and Transportation & Electronics 3.9% versus prior year. For the 9MFY26, the Company delivered sales growth of 13.6%. During the quarter, the Company recognized a charge for additional liabilities arising from implementation of the recently announced labor codes, as an exceptional item. During the quarter, the company received a final draft of the Advance Pricing Agreement (APA) from the tax authorities. After due consideration, the Company has decided to accept this proposal, which has resulted in an additional tax expense and interest cost. The APA will help resolve long-pending tax litigation matters. Details have been provided in the Notes to the financial results. Excluding these special causes (labor code impact, interest cost related to APA), the Company delivered PBT of Rs. 221 crores for Q3 of current year, a 43% growth over prior year, at 17.8% margins. For the nine months ending December 2025, the Company delivered PBT of Rs. 711 crores, a growth of 29.7% versus prior year, at 19.1% margins (excluding special causes noted above). The Company continues to be watchful of material cost pressures due to adverse foreign exchange movements. Due to these special causes and the additional tax expense pertaining to APA, the Company recorded a loss of Rs. 62 crores (after tax) in the current quarter. PAT for the nine months ending Dec 2025 stood at Rs. 307 crores. I sincerely thank the Board, shareholders, and the 3M team for their support to me during my tenure as Managing Director. I welcome Aseem Joshi as the incoming Managing Director effective April 1, 2026, and wish him and the 3M India team the very best. Result PDF