Schneider Electric Infrastructure's net profit plunged 92.68% in the March quarter due to higher expenses. The company's total income rose in FY24.
New Delhi, May 23 (PTI) 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.
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