Schneider Electric Infrastructure posts Rs 97 cr net profit in October-December

Schneider Electric Infrastructure on Friday reported a fall of over 12 per cent year-on-year in its net profit at Rs 97 crore in the December quarter, citing expenses in ''exceptional items'' due to the implementation of labour codes. It has registered a profit of Rs 110.53 crore in the third quarter of the preceding fiscal year. Sales, however, rose to over 20 per cent year-on-year to Rs 1,029 crore in the latest October-December quarter, the company said in a statement. Schneider Electric Infrastructure specialises in manufacturing, designing, constructing, and servicing advanced products and systems for electricity networks.