Schneider Electric Infrastructure (SCHNEIDER) Q2 24/25 earnings summary

Executive summary

• Achieved consistent double-digit growth in sales and orders for H1 FY25, with strong execution, digitalization, and focus on emerging and core segments.

• Margin expansion driven by better product mix, order pricing, volume leverage, and operational efficiency.

• Expanded presence in key sectors such as oil & gas, steel, mobility, data centers, renewables, and achieved notable wins in energy, chemicals, metals, mining, and metro projects.

• Revenue from operations for Q2 FY25 was Rs. 59,971 lakh, up from Rs. 49,581 lakh in Q2 FY24, reflecting strong year-over-year growth.

• Net profit for Q2 FY25 stood at Rs. 5,427 lakh, compared to Rs. 4,286 lakh in Q2 FY24, indicating improved profitability.

Financial highlights

• Orders for H1 FY25 reached INR 1,104 crores, up 17.5% year-over-year; sales at INR 1,193 crores, up 20.3%.

• Q2 FY25 sales at INR 600 crores, up 21% year-over-year; Q2 PAT at INR 54.3 crores, up 26.7% year-over-year.

• Gross margin for H1 FY25 at 39.5%, up 3 points year-over-year; EBIT at INR 155 crores, up 47.4%; PAT at INR 103 crores, up 32.1%.

• Order backlog as of 30th Sept 2024 at INR 1,389 crores, up 14.3% year-over-year.

• Cash and cash equivalents as of September 30, 2024, were Rs. 13,954 lakh, a significant increase from Rs. 4,730 lakh as of March 31, 2024.

Outlook and guidance

• Strong order backlog and pipeline support confidence in future sales growth; H2 is expected to be stronger than H1.

• Focus on accelerating emerging segments, modernization, digital services, and remote asset monitoring.

• Positive on capacity expansion, especially with the Kolkata factory on track for commissioning in Q1 next year.

• The company continues to operate as a single business segment focused on products and systems for electricity distribution.