Schneider Electric Infrastructure profit falls 43% as sales rise

Schneider Electric Infrastructure Limited reported net profit of Rs 29.65 crore for the quarter ended September 30, 2026, down 43% year on year, although revenue from operations rose 20% to Rs 779.12 crore. Schneider Electric Infrastructure’s total expenses increased 27% to Rs 743.56 crore, outpacing the increase in sales and reducing profit before tax to Rs 40.52 crore.

Why did Schneider Electric Infrastructure’s September-quarter profit fall?

Schneider Electric Infrastructure’s September-quarter profit fell because expenses rose by Rs 158.95 crore year on year, exceeding the Rs 128.98 crore increase in revenue from operations. Net profit declined to Rs 29.65 crore in the quarter ended September 30, 2026, from Rs 52.32 crore a year earlier, while profit before tax decreased from Rs 69.97 crore to Rs 40.52 crore.

Total income, including other income, rose to Rs 784.08 crore from Rs 654.58 crore in the comparable quarter, while total expenses increased to Rs 743.56 crore from Rs 584.61 crore. There were no exceptional items reported in either September quarter, meaning the decline in profit before tax reflected the reported movement in income and expense lines.

Schneider Electric Infrastructure’s basic and diluted earnings per share, not annualised for quarters, was Rs 1.24 for the September 2026 quarter, compared with Rs 2.19 in the September 2025 quarter. Paid-up equity share capital remained Rs 47.82 crore in both reported quarterly periods.

Which Schneider Electric Infrastructure costs rose in the quarter?

Schneider Electric Infrastructure reported increases across its main expense categories in the September 2026 quarter. Material consumption rose to Rs 517.81 crore from Rs 436.87 crore, employee benefits expense increased to Rs 98.31 crore from Rs 78.52 crore, and other expenses rose to Rs 111.54 crore from Rs 91.10 crore.

Finance costs increased to Rs 15.36 crore from Rs 11.23 crore, while depreciation and amortisation rose to Rs 9.21 crore from Rs 7.05 crore. Purchases of stock-in-trade increased to Rs 25.91 crore from Rs 19.08 crore, adding to the rise in the reported cost base.

Changes in inventories of finished goods, work-in-progress and stock-in-trade provided a Rs 34.58 crore credit in the latest quarter, compared with a Rs 59.24 crore credit a year earlier. That Rs 24.66 crore reduction in the inventory-related credit reduced the offset against higher material, employee, finance and other expenses.

How did Schneider Electric Infrastructure perform versus June 2026?

Schneider Electric Infrastructure reported a sequential increase in both revenue and profit in the quarter ended September 30, 2026. Revenue from operations rose by Rs 127.76 crore from Rs 651.36 crore in the June 30, 2026 quarter, while net profit increased by Rs 17.21 crore from Rs 12.44 crore.

Profit before tax rose to Rs 40.52 crore in the September quarter from Rs 16.99 crore in the June quarter, as total income increased to Rs 784.08 crore from Rs 658.27 crore. Total expenses also increased, reaching Rs 743.56 crore from Rs 641.28 crore over the two quarters.

Material consumption rose from Rs 457.28 crore in the June quarter to Rs 517.81 crore in the September quarter, and other expenses increased from Rs 96.97 crore to Rs 111.54 crore. Employee benefits expense declined marginally to Rs 98.31 crore from Rs 99.54 crore, while earnings per share improved to Rs 1.24 from Rs 0.52.

What do Schneider Electric Infrastructure’s half-year cash flows show?

Schneider Electric Infrastructure’s net profit for the half year ended September 30, 2026 fell to Rs 42.09 crore from Rs 93.56 crore in the corresponding prior-year half, while revenue from operations increased to Rs 1,430.48 crore from Rs 1,271.77 crore. Half-year profit before tax declined to Rs 57.51 crore from Rs 125.86 crore.

Half-year total expenses increased to Rs 1,384.84 crore from Rs 1,154.65 crore. Material consumption rose by Rs 182.38 crore to Rs 975.09 crore, employee benefits expense increased by Rs 32.65 crore to Rs 197.85 crore, and other expenses rose by Rs 36.51 crore to Rs 208.51 crore.

Schneider Electric Infrastructure used Rs 29.15 crore in operating activities during the half year ended September 30, 2026, compared with cash generated from operating activities of Rs 83.73 crore a year earlier. Inventories increased by Rs 115.40 crore in the latest half year, against an increase of Rs 94.57 crore in the prior-year period, while other assets increased by Rs 57.70 crore after decreasing by Rs 13.01 crore a year earlier.

Net cash used in investing activities was Rs 57.63 crore during the latest half year, including Rs 64.82 crore spent on property, plant and equipment, capital work-in-progress and capital advances. Cash and cash equivalents were Rs 247.52 crore at September 30, 2026, compared with Rs 277.14 crore at September 30, 2025.

How did Schneider Electric Infrastructure’s balance sheet change by September?

Schneider Electric Infrastructure’s total assets rose to Rs 2,463.52 crore at September 30, 2026, from Rs 2,343.83 crore at March 31, 2026. Inventories increased to Rs 536.08 crore from Rs 420.68 crore, while trade receivables decreased to Rs 794.17 crore from Rs 812.68 crore.

Capital work-in-progress increased to Rs 163.04 crore at September 30 from Rs 101.90 crore at March 31, and property, plant and equipment rose to Rs 299.26 crore from Rs 297.14 crore. Cash and cash equivalents declined to Rs 247.52 crore from Rs 357.85 crore during the same six-month period.

Total equity increased to Rs 818.27 crore from Rs 774.42 crore, while non-current borrowings increased to Rs 455.69 crore from Rs 443.76 crore. Schneider Electric Infrastructure reported one primary business segment, products and systems for electricity distribution, and stated that it had no subsidiary, associate or joint venture as of September 30, 2026.

Conclusion

Schneider Electric Infrastructure’s September-quarter results show higher sales but lower year-on-year profit, with a 27% increase in expenses exceeding the 20% rise in revenue. The half-year result followed the same pattern, with revenue of Rs 1,430.48 crore, net profit of Rs 42.09 crore and an operating cash outflow of Rs 29.15 crore.

The November 5, 2026 filing discloses no earnings target, operating plan or date for the next financial-results announcement. The disclosed items to track in subsequent reporting are inventory of Rs 536.08 crore, cash and cash equivalents of Rs 247.52 crore, non-current borrowings of Rs 455.69 crore and capital work-in-progress of Rs 163.04 crore at September 30, 2026.