India's Schneider Electric hits lower circuit on Q4 profit drop

Schneider Electric Infrastructure

24/05/2024 05:09

** Shares of Schneider Electric Infrastructure  SEIN.NS  hit
lower circuit; down 5% to 870.9 rupees
    ** Transformer maker's Q4 profit slumped 92.7% YoY
    ** Stock on track for worst day in a month
    ** Rival Siemens  SIEM.NS  posted Q2 profit climb, after
which its stock hit a record high
    ** SEIN and SIEM up 112.8% and 82.2% YTD

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))