Schneider Electric reported flat -1.97% change in total revenues for the Dec-20 quarter on consolidated basis at Rs472.31cr. The company operations are in a single segment of products and systems for electricity distribution.
Hence the demand normally tends to be positively correlated to power sector investments. That had dipped in the Jun-20 and Sep-20 quarter but now is back to pre-COVID levels.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 11.02% at Rs33.34cr. The company benefited from a fall in manpower costs and also in interest costs during the quarter.
As a result, the PAT margins improved from 6.23% in Dec-19 to 7.06% in Dec-20. However, it must be remembered that the company has an accumulated loss of Rs.349 crore in its books due to past losses and its business is currently under restructuring.
Financial highlights for Dec-20 compared yoy and sequentially
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Schneider Electric |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 472.31 |
₹ 481.78 |
-1.97% |
₹ 369.62 |
27.78% |
|
Net Profit (Rs cr) |
₹ 33.34 |
₹ 30.03 |
11.02% |
₹ 6.26 |
432.59% |
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Diluted EPS (Rs) |
₹ 1.39 |
₹ 1.26 |
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₹ 0.26 |
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Net Margins |
7.06% |
6.23% |
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1.69% |
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