SESchneider Electric Infrastructure534139Quarterly results

Record Q2 order intake of INR 1,265 crores, sales up 19.8%, EBIT down 22.7%

Q2 and H1 FY27 results press release.

By ScoutQuest · Thu 5 Nov 2026, 4:00 PM IST · 2 min read

Q2 order intake

INR 1,265 crores, up 50.9% YoY – highest ever quarter

Q2 sales

INR 779 crores, up 19.8%

Q2 EBIT

INR 56 crores vs INR 72 crores a year ago

Orders and sales

• Q2'FY27 order intake was INR 1,265 crores, against INR 838 crores a year earlier, up 50.9%. The company calls this its highest-ever quarterly order intake, ahead of the previous high of INR 915 crores in Q1'FY27.
• H1'FY27 order intake was INR 2,180 crores, up 24.7% from INR 1,749 crores.
• Order backlog as on 30 September 2026 stood at INR 2,701 crores, up 49.6% year-on-year. The company says this gives healthy sales visibility.
• Q2'FY27 sales were INR 779 crores, up 19.8% year-on-year from INR 650 crores and up 19.6% over Q1'FY27. H1'FY27 sales were INR 1,430 crores, up 12.5% from INR 1,272 crores.

Profitability

• EBIT for Q2'FY27 was INR 56 crores, compared with INR 72 crores in the same quarter last year, a fall of 22.7%.
• EBIT for H1'FY27 was INR 64 crores, compared with INR 130 crores in H1'FY26, a fall of 50.7%.
• The company attributes the lower profitability to commodity price volatility and a lag in passing on higher input costs on certain legacy orders. It states that margins are improving sequentially as it executes orders booked at current cost levels.
• Management commentary focuses on converting the order book into sales and improving project margins through execution, cost pass-through and portfolio mix.

Capacity expansion

• The Board, at its meeting on 29 October 2026, approved a further capacity expansion at the Kolkata Medium Voltage Components (KMVC) facility.
• Planned investment is INR 211 crores, to be funded through internal accruals and/or external borrowings.
• Vacuum Interrupter capacity is to rise from 250,000 to 375,000 units per annum, and Breaker capacity of 18,000 units per annum is to be added, by the end of FY 2028-29.
• The company links the investment to capacity augmentation, export growth plans and technology upgradation.

Other disclosures in the release

• Demand is described as strong across established segments and emerging ones such as data centres and semiconductors.
• Subsequent to the quarter end, the company received the Excellence in Sustainability Award in the Manufacturing Corporate category at the 4th Annual Sustainability Symposium & Excellence Awards 2026, and the Golden Peacock Award 2026 for Excellence in Corporate Governance.
• It cites 100% renewable electricity across its manufacturing sites and an approximately 80% reduction in Scope 1 and Scope 2 emissions over three years.

What a retail investor can take away

• The order side of the business is growing faster than revenue, and the backlog is nearly half again as large as a year ago, which supports future sales visibility.
• Profit is the weak spot in this release: EBIT is lower both for the quarter and the half year, and the company's own explanation is input-cost timing on older orders rather than a drop in volumes.
• The Kolkata expansion is a multi-year plan running to FY 2028-29, funded partly by borrowings, so its benefits would come later rather than in the current year.

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