New Delhi, February 13 Schneider Electric Infrastructure reported a year-on-year decline of over 12% in its net profit to Rs 97 crore in the December quarter, citing expenses related to "exceptional items" due to the implementation of labor codes.
The company had registered a profit of Rs 110.53 crore in the third quarter of the previous fiscal year.
However, sales rose by over 20% year-on-year to Rs 1,029 crore in the latest October-December quarter, the company said in a statement.
Schneider Electric Infrastructure specializes in the manufacturing, design, construction, and servicing of advanced products and systems for electricity networks.