Shares of Schneider Electric Infrastructure dropped 4.99% to ₹934.70 as of 9:23 AM on Thursday, locking in the 5% lower circuit limit after the company reported a weak Q1 FY25 performance.
The company’s net profit declined 15.1% year-on-year to ₹41.2 crore, compared to ₹48.5 crore in Q1 FY24. EBITDA also fell 15.2% to ₹69.3 crore, with margins contracting to 11.15% from 13.78% YoY. Meanwhile, revenue grew modestly by 4.9% YoY to ₹622 crore.
The drop in margins and profitability led to sharp negative sentiment, triggering a lock-in at the lower circuit price in early trade. The stock saw limited volumes of 13,385 shares during the session.
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