India's Schneider Electric hits 3-month high on June qtr profit

Schneider Electric Infrastructure

03/08/2022 07:16

** Shares of Indian heavy electrical equipment manufacturer
Schneider Electric Infrastructure Ltd  SEIN.NS  rise as much as
11.44% to 128.55 rupees, their highest since May 5
    ** Co on Tuesday posted a June-qtr profit of 265.3 mln
Indian rupees ($3.37 mln) vs loss of 160.8 mln rupees a yr ago
 urn:newsml:reuters.com:*:nFWN2ZE2O5
    ** Revenue from ops rose to 3.71 bln rupees ($47.12 mln) vs
2.88 bln rupees a yr ago
    ** More than 2.2 mln shares change hands by 0550 GMT, nearly
5.5x 30-day avg of 396,204 shares
    ** Stock up 9.1% so far this year as of last close




($1 = 78.7330 Indian rupees)

 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))