Schneider Electric Infrastructure shows mixed financial performance in Q2 2024.

Schneider Electric Infrastructure, a midcap company in the capital goods industry, has recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Schneider Electric has shown a flat performance in the second quarter of the fiscal year 2024-25. However, there has been an improvement in the company's score from -2 to 5 in the last three months.

The company's profit after tax (PAT) for the half-yearly period has grown by 26.54% year on year, reaching Rs 102.75 crore. The operating cash flow for the year has also been the highest in the last three years, at Rs 191.92 crore. This indicates that the company has generated higher cash revenues from its business operations.

In terms of sales, Schneider Electric has shown a positive trend with a growth of 20.96% year on year, reaching Rs 599.71 crore in the last quarter. The profit before tax less other income (PBT) has also seen a positive trend, growing by 24.75% year on year and reaching Rs 55.59 crore in the last quarter.

However, there are some areas that need improvement for Schneider Electric. The interest cost for the nine-month period has increased by 58.31% compared to the previous year, indicating increased borrowings. Additionally, the non-operating income for the quarter has been the highest in the last five quarters, which may not be sustainable in the long run.

Overall, Schneider Electric Infrastructure has shown a mixed financial performance in the quarter ending September 2024. Investors are advised to hold their position in the company's stock, as recommended by MarketsMOJO.