Schneider Electric Infra reports Q3 net loss at Rs 7.3 cr

Schneider Electric Infrastructure today reported net loss at Rs 7.3 crore for the quarter ended December 2017.

The company had earned a net profit of Rs 6.55 crore in the quarter ended December 2016, Schneider Electric Infrastructure said in a BSE filing today.

According to the statement, the company's total income was Rs 479.12 crore in the quarter compared to Rs 475.05 crore a year ago.

During April-December this fiscal, the company reported net loss of Rs 41.71 crore compared to Rs 18.60 crore in the same period a year ago.

The company's income during the nine-month period was Rs 1,071.98 crore compared to Rs 1,076.93 crore in the same period a year ago.

The company has provided for Rs 36.53 crore as doubtful trade receivables in the quarter ended December 2017 under other expenses head.

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