India · Delayed Price · Currency is INR Schneider Electric Infrastructure Earnings Call Transcripts
Fiscal Year 2026
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Orders grew 27.4% and sales rose 9.6% year-over-year, with a 50% increase in order backlog. Gross margin declined due to commodity inflation, but robust demand in energy transition, data centers, and infrastructure supports a positive outlook despite near-term volatility.
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Record quarterly revenue above INR 1,000 crore and 60% YoY order growth highlight robust demand, with a strong order backlog and major wins in data centers, renewables, and core sectors. Profitability remains solid despite a one-time labor code expense, and the outlook is positive amid strong government CapEx and industry tailwinds.
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Order inflow grew 28% year-over-year in H1, with Q2 sales accelerating to 8.4% growth. Execution delays were due to project cyclicality and customer readiness, but management expects a pickup as backlog converts. Renewables, mobility, and data centers are key growth drivers.
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Order inflow surged 42% year-over-year, with sales up 5% and a strong backlog supporting future growth. Margins dipped slightly due to project delays, but management expects recovery as delayed projects are executed and capacity expansion continues.
Fiscal Year 2025
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Orders and sales grew strongly year-over-year, with significant improvements in margins, profitability, and cash flow. Capacity expansions in Vadodara and Kolkata are underway, funded mainly by internal accruals, and the company remains focused on high-margin segments and innovation.
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Achieved record sales and strong profit growth in Q3 FY25 and the nine-month period, driven by robust order intake, margin expansion, and digital solutions. Management expects continued growth, with investments in capacity and technology, despite some supply chain and expense headwinds.
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Double-digit growth in sales and orders continued in H1 FY25, with sales up 20.3% and PAT up 32.1% year-over-year. Strong order backlog, robust execution, and digital innovation support a positive outlook, with H2 expected to outperform H1.
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Q1 FY25 saw 19.7% sales growth and a 19% rise in orders, with strong gross margin and EBITDA improvements. Data centers, power, and grid segments led performance, while export and digital solutions expanded. Management expects continued growth and robust demand.
Fiscal Year 2024
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India is a core growth and innovation hub, driving digital transformation, sustainability, and robust financial performance. The dual-brand strategy, supply chain expansion, and social impact initiatives position the company for leadership in India’s energy transition and global ambitions. India’s sales rose to $2.2B in 2023, with strong margins and continued investment in R&D and capacity.
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Strategy and financial guidance remain unchanged, with a focus on digital transformation, recurring revenues, and strong ESG integration. India is positioned as a key growth hub, leveraging local R&D, manufacturing, and digital strengths to drive double-digit growth and global innovation.