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Schneider Electric Infrastructure Ltd.

BSE: 534139 Sector: Engineering
NSE: SCHNEIDER ISIN Code: INE839M01018
BSE 00:00 | 04 Oct 186.60 4.15
(2.27%)
OPEN

186.95

HIGH

195.40

LOW

184.95

NSE 00:00 | 04 Oct 186.80 4.35
(2.38%)
OPEN

185.00

HIGH

195.40

LOW

185.00

OPEN 186.95
PREVIOUS CLOSE 182.45
VOLUME 268776
52-Week high 195.40
52-Week low 92.00
P/E 74.05
Mkt Cap.(Rs cr) 4,462
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 186.95
CLOSE 182.45
VOLUME 268776
52-Week high 195.40
52-Week low 92.00
P/E 74.05
Mkt Cap.(Rs cr) 4,462
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Schneider Electric Infrastructure Ltd. (SCHNEIDER) - Chairman Speech

Company chairman speech

Our leading and best-in-class solutions services based onEcoStruxure™ portfolio our next generation of active energy management andautomation architecture innovations will continue to give us a competitive edge in amarketplace full of opportunitites.

Dear Shareholders

I am happy to present to you our Annual Report for the Financial Year2021-2022 (FY2022).

The past fiscal year

Our economy has gone through several challenges over the past twoyears and global economic developments in fiscal 2021 were still dominated by thecoronavirus pandemic (COVID-19) and its many repercussions. However these challenges havealso given the world time and the opportunity to adapt to the evolving environment andcontinuing uncertainties. Climate action sustainability efficiency in the use ofresources digital innovation and nimbleness in the face of disruptions have emerged aspriority issues in decision making processes globally whether in businesses or inhouseholds. And at Schneider we continue to embrace sustainability and evolving ourmission to empower all to make the most of their energy and resources.

After the recession in calendar 2020 in which global gross domesticproduct (GDP) contracted by 3.4% calendar 2021 showed a strong rebound with global GDPincreasing around 5.5%. Global economic activity expanded at very high rates in the thirdquarter of calendar 2020 after the first wave of COVID-19 ebbed. Subsequent infectionwaves in winter months caused fears of a new global recession. However although India ismoderately following the global trends we believe that the pent up demand and governmentdriven policies will allow us to remain cautiously optimistic with respect to economicperformance.

A positive outlook for the future

Going forward we have an overall positive outlook for the segmentsthat drive the growth of our organisation. The power sector in India continues to remainone of the government's primary focus areas as an increasing number of reformsinvolving digitalisation are expected to be implemented in the next few years. In the longterm reform is also expected to take place at the distribution level includingprivatisation and a shift towards renewables in which India has committed itself to anambitious target.

In the transportation sector the development of the metro lines acrossIndia the modernisation of the railways and focus on building more and better airportsindicate that these are up for expansion in the near future. Oil and gas is also expectedto undergo a period of transition as the case for renewables becomes undeniably stronger.

Our performance

Overall our P&L is aligned with our strategy to prioritise cashand margins and will continue on this journey over the next financial year. We have alsoexcelled in our execution and achieved landmark level of sales reaching `15000 millionin one year. Additionally I am happy to announce our first positive year after 10 yearsof having a struggling balance sheet. Our profit for this year amounted to `276 million.

Looking forward

As we move forward in turbulent economic conditions and unreliableinflationary pressure we recognise the importance to anticipate any challenges that mayarise and prepare ourselves accordingly. However given our strategic objectives andadvantages along with support from the government in the form of investment reforms andpolicies we are cautiously optimistic for the short to mid term performance of ourorganisation. Moreover I believe that our leading and best-in-class solutions servicesbased on EcoStruxure™ portfolio our next generation of active energy management andautomation architecture innovations will continue to give us a competitive edge helpingus thrive.

I would like to take this opportunity to thank all our stakeholdersespecially our employees for their commitment to providing value to our customers in linewith our mission and vision. I would also like to thank our Board for their commitment tosustainability and making Schneider the organisation that it is today.

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