Schneider Electric Infrastructure Q4 profit falls 60% to ₹22 cr
Business
Schneider Electric Infrastructure saw its Q4 net profit drop 60% to ₹22 crore, mainly because of some exceptional costs.
Even with this setback, the company managed to keep its total income almost unchanged at ₹594 crore compared with last year.
Schneider Electric Infrastructure profit ₹213 cr
For the full year, profits fell nearly 21%, landing at ₹213 crore.
Orders in Q4 nudged up by 1.4% to ₹772 crore, though pre-tax profits before those extra costs slid sharply due to commodity-price volatility and an adverse revenue mix.
On a positive note, Udai Singh will stay on as managing director and CEO for another three years, pending shareholder approval.