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Schneider Electric Infrastructure reported a year-on-year decline of over 12 per cent in net profit to INR 97 crore for the latest October-December quarter, mainly due to expenses classified under exceptional items linked to labour code implementation. Profit in the same quarter last year stood at INR 110.53 crore. Despite this, the company posted strong revenue growth, with sales rising over 20 per cent to INR 1,029 crore. The performance reflects robust demand for power and electrical infrastructure solutions amid ongoing grid and distribution investments.
Schneider Electric Infrastructure reported a year-on-year decline of over 12 per cent in its net profit for the latest October-December quarter, impacted mainly by higher costs booked under exceptional items. The company said these expenses were linked to the implementation of new labour codes, which affected its overall profitability during the period. Advertisement
Net profit for the quarter stood at INR 97 crore, compared to INR 110.53 crore recorded in the corresponding quarter of the previous financial year. Despite the decline in earnings, the company delivered a strong operational performance on the revenue front, reflecting steady demand across its core segments.
Revenue from operations rose by more than 20 per cent year-on-year to INR 1,029 crore in the reported quarter. The growth was supported by continued execution of orders across power distribution and electrical infrastructure projects, even as cost pressures weighed on the bottom line.
Schneider Electric Infrastructure operates in the manufacturing, design, construction, and servicing of advanced products and systems used in electricity networks. The company caters to utilities, industries, and infrastructure developers, and has historically benefited from rising investments in power distribution, grid modernisation, and urban infrastructure in India. In recent quarters, however, higher compliance and employee-related costs have emerged as a near-term challenge for several engineering and manufacturing firms.
Source PTI
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