Schneider Electric Infrastructure LimitedCapital Goods & EngineeringSCHNEIDER
Q1 FY27 earnings callSchneider Electric Infrastructure Limited
The company reported a record order intake and strong backlog but faced near-term margin pressure from commodity inflation, operating leverage, and execution of legacy fixed-price contracts.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Order Intake | INR 915 crores | 0.5% | |
| Sales Growth (YoY) | 5% | — | |
| EBIT | INR 32 crores | — | |
| Backlog | INR 2,100 crores plus | 33% |
Financials
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹857.20 Cr+15.2% YoY+42.9% QoQ | ₹110.54 Cr+21.5% YoY+103.7% QoQ | ₹4.62+21.6% YoY+103.5% QoQ |
| Q2 FY25 | ₹599.71 Cr+21% YoY+1.1% QoQ | ₹54.27 Cr+26.6% YoY+11.9% QoQ | ₹2.27+26.8% YoY+11.8% QoQ |
| Q1 FY25 | ₹592.91 Cr+19.7% YoY+25.7% QoQ | ₹48.48 Cr+38.8% YoY+1378% QoQ | ₹2.03+39% YoY+1350% QoQ |
| Q4 FY24 | ₹471.75 Cr+14.9% YoY-36.6% QoQ | ₹3.28 Cr-92.7% YoY-96.4% QoQ | ₹0.14-92.6% YoY-96.3% QoQ |
| Q3 FY24 | ₹743.87 Cr+29.5% YoY+50% QoQ | ₹90.97 Cr+109% YoY+112.2% QoQ | ₹3.80— YoY+112.3% QoQ |
TL;DR
- Order intake of INR 915 crores is the highest ever quarterly booking, with backlog growing 33% to over INR 2,100 crores.
- Sales grew 5% YoY but profit margins were impacted by commodity inflation, operating leverage, and a weaker rupee.
- Management is focused on data centers, semiconductors, and other emerging segments which comprise over one-fifth of the order bank.
- Commodity cost pressures are being mitigated through price hikes, but legacy fixed-price contracts continue to impact current margins.
- Capex expansions across multiple plants are on track, with the Kolkata plant aimed at increasing export capacity.
Said on the call
“The INR 915 crores is the highest ever quarter we booked order in any of the quarter.”
From the Q&A
| Topic | What management said |
|---|---|
| Gross Margin & Cost Pressure | Management clarified that the margin dip was due to external commodity inflation (copper, transformer wire) and the execution of orders booked before December (legacy fixed-price contracts). Price variation clauses only cover 20-25% of contracts. |
| Order Backlog Mix | Management stated that more than one-fifth of the order bank is from new emerging segments like data centers and semiconductors, while maintaining focus on core areas like Power & Grid. |
| Pricing Actions | Management confirmed price hikes have been initiated to mitigate commodity inflation but stated it's difficult to quantify the magnitude. They denied delaying price actions compared to competitors. |
| Export & Capex Plans | Export revenue is currently 10-12% of total revenue. The new Kolkata plant, which is on track, is aimed at catering to export markets, but absolute export value is expected to increase while the percentage mix may vary. |
| Outlook & Visibility | Management expressed confidence in the underlying demand and a healthy pipeline for the next three quarters, expecting to overcome near-term headwinds. |
Guidance
- Capex expansions in Baroda and Kolkata are well on track with staggered completion timelines.
- Underlying demand environment and opportunity pipeline is healthy.
- Actions have been initiated to improve performance, and management is confident the balance three quarters will be good.
Source
Summary written from the transcript filed by Schneider Electric Infrastructure Limited for the call held on 17 Aug 2026; published 20 Aug 2026, 13:24 IST.