Wimbledon prize money up more than 11%, winners of singles to get $3M each

The total prize money at Wimbledon this year will rise by more than 11%, with the winners of the singles each getting 2.35 million pounds ($3 million). The total prize fund at the championships will be 44.7 million pounds ($56.5 million), the All England Club said Wednesday. That is an increase of 17.1% compared to 2019, the last Wimbledon before the pandemic. The earnings for the winners of the singles competitions are back to the levels they were in 2019. The prize for the singles champions had dipped to 1.7 million pounds in 2021, after the tournament was canceled in 2020, and was 2 million last year. Officials said a priority was placed on supporting players in the early rounds. Those who lose in the first round will earn 55,000 pounds ($69,500), a 10% increase from last year.
14-06-2023

3M India jumps 3%, hits 52-week high on strong Q4 results

On a 5-year basis the 3M India stock has given a return of 33.42 percent. Thus underperforming the benchmark Nifty50 index by a considerable margin.
01-06-2023
Bigul

3M INDIA LTD. - 523395 - Announcement under Regulation 30 (LODR)-Investor Presentation

Presentation to Investor at Investor meet held on 1 June 2023
01-06-2023
Bigul

Q4FY23 Quarterly & FY23 Annual Result Announced for 3M India Ltd.

Industrial Machinery company 3M India announced Q4FY23 & FY23 results: Standalone Q4FY23 vs Q3FY23: Sales & Other Operating Income: Rs 986 crore vs Rs 932 crore, up 6% QoQ Other Income: Rs 8 crore vs Rs 11 crore, down 27% QoQ EBITDA: Rs 188 crore vs Rs 166 crore, up 13% QoQ PBT: Rs 168 crore vs Rs 151 crore, up 11% QoQ PAT: Rs 123 crore vs Rs 113 crore, up 9% QoQ Standalone Q4FY23 vs Q4FY22: Sales & Other Operating Income: Rs 986 crore vs Rs 849 crore, up 16% YoY Other Income: Rs 8 crore vs Rs 9 crore, down 11% YoY EBITDA: Rs 188 crore vs Rs 158 crore, up 19% YoY PBT: Rs 168 crore vs Rs 143 crore, up 17% YoY PAT: Rs 123 crore vs Rs 106 crore, up 16% YoY Standalone FY23 vs FY22: Sales & Other Operating Income: Rs 3,733 crore vs Rs 3,078 crore, up 21% YoY Other Income: Rs 64 crore vs Rs 35 crore, up 83% YoY EBITDA: Rs 624 crore vs Rs 417 crore, up 50% YoY PBT: Rs 561 crore vs Rs 360 crore, up 56% YoY PAT: Rs 416 crore vs Rs 266 crore, up 56% YoY Consolidated Q4FY23 vs Q3FY23: Sales & Other Operating Income: Rs 1,046 crore vs Rs 993 crore, up 5% QoQ Other Income: Rs 10 crore vs Rs 12 crore, down 17% QoQ EBITDA: Rs 204 crore vs Rs 183 crore, up 11% QoQ PBT: Rs 184 crore vs Rs 167 crore, up 10% QoQ PAT: Rs 136 crore vs Rs 125 crore, up 9% QoQ Consolidated Q4FY23 vs Q4FY22: Sales & Other Operating Income: Rs 1,046 crore vs Rs 926 crore, up 13% YoY Other Income: Rs 10 crore vs Rs 9 crore, down 11% YoY EBITDA: Rs 204 crore vs Rs 167 crore, up 22% YoY PBT: Rs 184 crore vs Rs 151 crore, up 22 % YoY PAT: Rs 136 crore vs Rs 111 crore, up 23% YoY Consolidated FY23 vs FY22: Sales & Other Operating Income: Rs 3,959 crore vs Rs 3,336 crore, up 19% YoY Other Income: Rs 68 crore vs Rs 37 crore, up 84% YoY EBITDA: Rs 672 crore vs Rs 426 crore, up 58% YoY PBT: Rs 607 crore vs Rs 368 crore, up 65% YoY PAT: Rs 451 crore vs Rs 272 crore, up 66% YoY The Board is pleased to recommend a final dividend of Rs 100/- per equity share of Rs 10/- each Commenting on Q4FY23 and FY23 results Ramesh Ramadurai, Managing Director of 3M India, said, “On a consolidated basis, the Company delivered 13% sales growth in the fourth quarter and 18.7% sales growth for the full year, both versus prior period. For the quarter, Transportation & Electronics grew 26.6%, Healthcare grew 17.2%, Safety & Industrial grew 2.7%, Consumer -3.3% versus the prior year. For FY 2022-23, the Transportation & Electronics business led the Company’s growth, followed by Health Care. Our teams continued to execute well, with a focus on customers and supply partners. I would like to thank our employees for their dedication and customer focus, and all our stakeholders for their support for our Company.” Result PDF
01-06-2023
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