Latest News | Schneider Electric Infrastructure Posts Rs 6.25 Cr Net Profit for Sept Quarter
Get latest articles and stories on Latest News at LatestLY. Schneider Electric Infrastructure on Thursday posted a net profit of Rs 6.25 crore in September quarter mainly due to higher revenues.
New Delhi, Nov 12 (PTI) Schneider Electric Infrastructure on Thursday posted a net profit of Rs 6.25 crore in September quarter mainly due to higher revenues.
The company had reported a net loss of Rs 23.90 crore in the quarter ended on September 30, 2019, a BSE filing said.
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Total income of the company rose to Rs 373.58 crore in the quarter from Rs 317.69 crore in the same period a year ago.
The company's business operations fall within a single primary business segment viz. product and systems for electricity distribution.
About COVID-19 impact, it said that the company does not anticipate any material impact on the recoverability of the carrying value of its assets including trade and other receivables, contract assets, unbilled revenue, inventories, property, plant and equipment and right to use assets.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)