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Schneider Electric Infrastructure shares tumble 12% after Q1 profit plunges 70% YoY
Schneider Electric Infrastructure Ltd shares came under sharp selling pressure on Monday, tumbling 12.08% to Rs 1,203.90, after the company reported a steep 70% year-on-year (YoY) decline in net profit for Q1FY27, despite modest revenue growth.The company’s consolidated net profit for the June quarter stood at Rs 12 crore, sharply lower than Rs 41 crore reported in the corresponding quarter last year.Revenue from operations, meanwhile, rose around 5% YoY to Rs 651.4 crore, compared with Rs 621 …
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