Schneider Electric Infrastructure Q3FY23 Earnings Story

Schneider Electric Infrastructure (Ticker: SCHNEIDER), founded in 2011, designs and manufactures products used for the electricity network including transformers and controllers. The company has manufacturing facilities in Chennai, Kolkata, and Vadodara. The company also offers asset advisory and maintenance services, which accounts for 10% of total revenue. 

Financial Results:

Schneider Electric Infrastructure Ltd.’s revenue in Q3FY23 fell 4% to ₹ 5,744 millions. Consolidated Profit After Tax came at ₹ 435 millions in Q3FY23. In this quarter’s results, the reports suggested that the firm has reported decreased profits due to a fall in revenues.

The long-term strategy of SEIL is to focus more on services to generate recurring revenue and to become more digital by incorporating software products. Additionally, the business wants to accelerate its core markets, expand its coverage across the nation through licensee partner models, and bring green products to market.