Schneider Electric Infrastructure net down over 92 pc to Rs 3.28 crore in March quarter

Schneider Electric Infrastructure reported a on-year decline of 92.68 per cent in net profit to Rs 3.28 crore in March quarter, mainly due to higher expenses.

The company had reported a net profit of Rs 44.84 crore in the quarter ended on March 31, 2023, the company said in a regulatory filing.

Total expenses rose to Rs 436.43 crore in the quarter under review, from Rs 369.01 crore in the same period a year ago.

The net profit in fiscal 2023-24 rose to Rs 172.03 crore, from Rs 123.63 crore a year ago.Total income of the company in financial year 2023-24 rose to Rs 2,215.98 crore, from Rs 1,789.39 crore in 2022-23.