India's Schneider Electric Infrastructure posts second-quarter profit

The logo of Schneider Electric is seen outside a company building in Nantes, France, September 20, 2022. REUTERS/Stephane Mahe/File Photo

BENGALURU, Nov 3 (Reuters) - Schneider Electric Infrastructure (SEIN.NS) reported a profit in the second quarter on Thursday, after winning a slew of orders following a pickup in economic activity.

The Noida-based company, which makes a range of electrical products including power transformers and switchgears, is benefiting from modernisation of India's power and grid sector, as well as a push to electric vehicles.

Standalone profit for the three months ended Sept. 30 was 87.4 million Indian rupees ($1.05 million), compared with a loss of 87.4 million rupees a year earlier, the company said in an exchange filing. Schneider did not expand on details of the orders it won in the quarter.

Revenue from operations rose 39.5% to 4.21 billion rupees, from 3.02 billion rupees a year earlier.

($1 = 82.9430 Indian rupees)

Reporting by Anisha Ajith in Bengaluru; Editing by Krishna Chandra Eluri

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