Schneider Electric Infrastructure Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Schneider Electric Infrastructure Ltd filed with BSE on 01 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Schneider Electric Infrastructure reported FY26 order growth of 27.4%, sales growth of 9.6%, and profit before tax growth of 10.1%, with Q4 sales of Rs 590 crore roughly flat year-on-year. Management attributed the weak Q4 sales and margin performance to customer-requested delivery deferrals tied to geopolitical and commodity market disruption, alongside a rise in commodity input costs. Gross margin for the year declined versus FY25, which management linked to commodity cost increases and a shift in revenue mix toward lower-margin modernization and revamp projects.
Numbers mentioned
Order growth: 27.4% (FY26)
p. 9
“we've grown year-to-year growth of 27.4%.”
Omkar Prasad, page 9 of the filed PDF · View the filing
Sales growth: 9.6% (FY26)
p. 9
“The sales we have grown 9.6% year-to-year and the profit for the year is 10.1%.”
Omkar Prasad, page 9 of the filed PDF · View the filing
Profit for the year growth: 10.1% (FY26)
p. 9
“The sales we have grown 9.6% year-to-year and the profit for the year is 10.1%.”
Omkar Prasad, page 9 of the filed PDF · View the filing
Order growth: 1.4% (Q4 FY26)
p. 9
“we maintain the growth while very moderated around 1.4%”
Omkar Prasad, page 9 of the filed PDF · View the filing
Order backlog growth: around 50% (vs last year)
p. 9
“the order overall, the backlog which is there is around 50% up from the last year.”
Omkar Prasad, page 9 of the filed PDF · View the filing
Sales: INR590 crores (Q4 FY26)
p. 9
“we're able to have INR590 crores of sales in this quarter.”
Omkar Prasad, page 9 of the filed PDF · View the filing
Profit growth: 6% (Q4 FY26)
p. 9
“And profit, 6%.”
Omkar Prasad, page 9 of the filed PDF · View the filing
Gross margin decline: 1.6%, 1.5% drop (FY26 vs FY25)
p. 10
“if you look at in terms of margin, it is close to 1.6%, 1.5% drop.”
Omkar Prasad, page 10 of the filed PDF · View the filing
Exceptional cost from Labour Code restructuring: INR14 crores (FY26)
p. 10
“When we restructured the final impact is coming only INR14 crores.”
Omkar Prasad, page 10 of the filed PDF · View the filing
Employee cost increase: 11.6% (9% like-to-like) (FY26)
p. 10
“employee cost has increased 9% like to likes.”
Omkar Prasad, page 10 of the filed PDF · View the filing
Other expense as % of sales: 12.2% versus 12.4% (FY26 vs FY25)
p. 10
“if you look at overall percentage to sales, 12.2% versus 12.4%.”
Omkar Prasad, page 10 of the filed PDF · View the filing
CO2 emission reduction: 83% (last year)
p. 7
“The CO2 emission has come down by 83% in last year, 83% reduction we have been able to manage.”
Udai Singh, page 7 of the filed PDF · View the filing
Data center share of order backlog: 10% to 12%
p. 14
“Maybe if under control of my CFO, maybe typically about 10% to 12%.”
Udai Singh, page 14 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Delivery deferrals recovery — Q1
stated conditionally by Omkar Prasad
p. 13
“So I hope that will recover in Q1.”
Omkar Prasad, page 13 of the filed PDF · View the filing
Data center share of order backlog
stated as an aspiration by Udai Singh
p. 15
“Should go up.”
Udai Singh, page 15 of the filed PDF · View the filing
Commodity hedging coverage — 50% to 60%
stated firmly by Omkar Prasad
p. 12
“So commodity hedging is completely covered up to the 50% to 60%.”
Omkar Prasad, page 12 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said customers, particularly EPC customers, asked to hold dispatches due to their own dependency on the geopolitical crisis, so revenue moved to the next quarter.
Answered by Omkar Prasad
Asked by Mahesh Bendre: Why was revenue growth almost flat in the quarter, and what caused the delivery deferrals?
p. 13
“they are asking us to hold the deliveries.”
Omkar Prasad, page 13 of the filed PDF · View the filing
Management said batteries are sourced externally while the rest of the BESS system, including software, is largely developed by the company.
Answered by Udai Singh
Asked by Mahesh Bendre: Do we manufacture battery storage technology ourselves or source it from the parent?
p. 13
“We do not make batteries, okay?”
Udai Singh, page 13 of the filed PDF · View the filing
Management estimated data center orders at 10-12% of backlog and said this should increase.
Answered by Udai Singh
Asked by Anirudh Agarwal: What is the current order backlog share from data centers and how is it expected to move?
p. 14
“Maybe if under control of my CFO, maybe typically about 10% to 12%.”
Udai Singh, page 14 of the filed PDF · View the filing
Management explained that within services, the modernization/revamp category has lower margins than spares and AMC, and this category grew faster, offsetting mix benefits, compounded by commodity cost increases.
Answered by Omkar Prasad
Asked by Ashish Ajit Golechha: Why has gross margin deteriorated despite a stated mix improvement thesis from growing services revenue?
p. 15
“Other 2 has better margin than third one, which is modernization and RA.”
Omkar Prasad, page 15 of the filed PDF · View the filing
Management said Q4 order booking was deliberately selective due to commodity market uncertainty and that dispatches depend on customer clearance and creditworthiness.
Answered by Omkar Prasad
Asked by Deekshant: What is the next growth catalyst given single-digit sales growth for most of the year?
p. 17
“Were only selecting the orders where we can get certain leverage in terms of whether I can realize the price even with the price increase, so variable clause.”
Omkar Prasad, page 17 of the filed PDF · View the filing
Management acknowledged they are not the cost leader among 15-25 competing players but differentiate on quality and advisory software.
Answered by Udai Singh
Asked by Abhijeet Singh: How competitive is the company in the BESS market compared to other players?
p. 18
“we are not the best, of course, we are not the cost leaders because we really retain and deliver quality.”
Udai Singh, page 18 of the filed PDF · View the filing
Risks flagged
Commodity price increases in copper, aluminum, and steel impacting costs
p. 4
“copper, aluminum in last 1 year, I'm talking about the year, which is between April '25 and March '26, has seen an upward movement of 30% plus.”
Udai Singh, page 4 of the filed PDF · View the filing
Forex fluctuations and government political uncertainties
p. 4
“forex fluctuations, the government political uncertainties and also very importantly, the raw material.”
Udai Singh, page 4 of the filed PDF · View the filing
Customer-driven delivery deferrals due to geopolitical and supply chain dependency
p. 9
“they are asking us to hold the dispatches and ship to the next quarter.”
Omkar Prasad, page 9 of the filed PDF · View the filing
Unprecedented geopolitical and commodity market disruption affecting Q4
p. 9
“the Q4 was not normal quarter. It was completely unprecedented in terms of the external geopolitical reasons and also due to the commodity market”
Omkar Prasad, page 9 of the filed PDF · View the filing
Customer payment delays requiring credential-based credit management
p. 17
“we are very mindful that when we dispatch, we have only a credential-based customer where we keep the open credit.”
Omkar Prasad, page 17 of the filed PDF · View the filing
Competitive pricing pressure in BESS and modernization segments based on L1/capex bidding
p. 15
“there is a competition happening even in that segment is not based on the, you can say, margin very intensive.”
Omkar Prasad, page 15 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.