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via thehindubusinessline.comBusiness & Companies

3M India profit falls on weaker rupee and rising costs; shares tumble

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

3M India's Q2 profit drops over 17% due to rupee weakness and higher costs, though revenue climbs 14.7% as shares slide.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishMargin pressure from weaker results weighs on this Indian mid-cap's shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 013M India's Q2 profit drops over 17%.
  2. 02Rupee weakness and higher input costs pressure margins.
  3. 03Revenue rises 14.7%, but shares slide.

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