Schneider Electric Infra drops as Q2 net loss widens

Schneider Electric Infrastructure lost 3.74% to Rs 61.70 at 11:16 IST on BSE after the company reported a consolidated net loss of Rs 31.79 crore in Q2 September 2013, higher than net loss of Rs 19.98 crore in Q2 September 2012.

The Q2 result was announced after market hours on Tuesday, 29 October 2013.

Meanwhile, the S&P BSE Sensex was up 81.21 points or 0.39% at 21,010.22.

On BSE, 4,074 shares were traded in the counter as against average daily volume of 10,947 shares in the past one quarter.

The stock hit a high of Rs 63 and a low of Rs 61.05 so far during the day. The stock had hit a record low of Rs 52.65 on 22 August 2013. The stock had hit a 52-week high of Rs 101.40 on 3 December 2012.

The stock had outperformed the market over the past one month till 29 October 2013, advancing 8.64% compared with the Sensex's 6.09% rise. The scrip had, however, underperformed the market in past one quarter, sliding 2.88% as against Sensex's 6.82% rise.

The small-cap company has equity capital of Rs 47.82 crore. Face value per share is Rs 2.

Schneider Electric Infrastructure's net sales rose 1% to Rs 263.48 crore in Q2 September 2013 over Q2 September 2012.

Schneider Electric Infrastructure is engaged in the business of manufacturing, designing, building and servicing technologically advanced products and systems for electricity network, including products such as transformers, medium voltage switchgears, protection relays and electricity distribution management systems and software.

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