Upper circuit alert: This BSE smallcap stock surged over 17 per cent after a stellar Q3FY22 performance!

In Q3FY22, the company’s order wins increased by 74.8 per cent YoY to Rs 292.4 crore, taking the 9MFY22 order book to Rs 889.7 crore.

Schneider Electric Infrastructure Limited (SEIL), an S&P BSE Smallcap stock has made it to the BSE top gainers list after it surged upon reporting Q3FY22 results.  

SEIL manufactures a variety of products such as transformers, medium voltage primary and secondary switchgear, protection relays, electricity distribution management systems, a software suite for self-healing smart grid, e-House and smart cities applications.  

Let’s take a look at the performance that drove this surge:

In Q3FY22, the company’s net revenue went up by 27.13 per cent YoY and 99 per cent sequentially to Rs 600.46 crore. The revenue growth was driven by major sales to Bhutan Engg, BSES, GE T&D, etc. The PBIDT (ex OI) went by 39.22 per cent YoY and 1708.68 per cent sequentially to Rs 67.30 crore while the corresponding margin expanded by 98 bps YoY and 998 bps QoQ to 11.21 per cent. The PAT went up by 57.11 per cent YoY and 699 per cent QoQ to Rs 52.38 crore.  

A robust relationship with end-users enabled the company to win repeat orders. The growth in order book was driven by good momentum in metal, mining, mineral (MMM), mobility and diffused segments. Key orders came from Linxon, Torrent, GE T&D, Bhutan Engg. BSES, etc. 

At 1.38 pm, the share price of Schneider Electric Infrastructure Limited (SEIL) was trading at Rs 126.15, an increase of 17.68 per cent from the previous day’s closing price of Rs 107.20 on BSE.