3M India hits 19-month low on quarterly profit drop

** Shares of 3M India TMIN.NS fall nearly 10% to 26,410 rupees, their lowest since early April 2025

** Indian subsidiary of US-based 3M Company MMM.N says Q2 profit after tax drops 17.2% y/y to 1.58 billion rupees ($16.78 million), despite a roughly 15% rise in revenue

** Co says profit declines due to the impact of Indian rupee depreciation and input cost inflation due to the Middle East crisis

** YTD, stock down nearly 23%

($1 = 94.1550 Indian rupees)