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Schneider Electric Infrastructure saw its net profit slide by nearly 15% to INR 41.24 crore in the first quarter of the financial year, down from INR 48.48 crore in the same period last year. This drop in profit came despite an increase in total revenue, which rose to INR 625.93 crore from INR 595.51 crore. A significant rise in total expenses, climbing to INR 570.04 crore from INR 530.20 crore, weighed heavily on the bottom line. The results were disclosed through a regulatory filing made earlier this week.
Schneider Electric Infrastructure has reported a nearly 15% drop in its net profit for the April-June quarter of the current financial year, registering INR 41.24 crore, compared to INR 48.48 crore during the same period last year. Advertisement
As per its regulatory filing, the company managed to grow its revenue to INR 625.93 crore, an improvement from INR 595.51 crore in the corresponding quarter a year ago. However, the positive momentum in topline performance was offset by a sharp increase in operating costs.
The total expenditure for the quarter rose to INR 570.04 crore, up from INR 530.20 crore in the previous year?s quarter. This spike in expenses appears to have largely contributed to the profit dip, even as the company generated higher revenues.
Schneider Electric Infrastructure, which plays a key role in the power management and automation segment in India, has been actively focusing on upgrading its smart grid technologies and expanding its portfolio across transmission and distribution networks. The financial results indicate that while demand and sales volume remained healthy, cost pressures possibly due to input inflation, logistics, or operational ramp-ups have compressed margins.
The company's performance is closely watched as it serves critical sectors, including utilities and large infrastructure projects, and is considered a bellwether for trends in industrial electrification and automation.
Source PTI
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