Schneider Electric President Systems Limited: Profit Up, CFO Exit, and a ₹4.5 Crore Surprise

When companies release quarterly numbers, it’s usually about revenues and margins.
But this time, there was more — a leadership change, a large one-time charge, bonus shares, and a new product push.
Let’s break it down.
The Numbers First
For the nine months ended December 31, 2025 (9M FY26):

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Revenue: ₹303 Cr
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PAT: ₹29 Cr
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EPS: ₹23.64
Compared to last year’s nine-month PAT of ₹316.3 million, profits are slightly lower year-on-year — but still healthy.
The ₹4.5 Crore “Exceptional” Twist
The company reported an exceptional item of ₹4.5 Cr
What happened?
The Government of India notified new labour codes. Based on management assessment, this led to an incremental gratuity-related charge, which the company booked as a one-time exceptional expense.
Translation: This is not part of regular operations. It’s regulatory-driven and non-recurring.
Without this charge, profits would have looked stronger.
CFO Exit. New CFO Enters.
Mr. Subhrendu Sarkar resigned as Whole-Time Director and CFO effective February 13, 2026.
The board moved quickly.
Ms. Mariamma Myloth has been appointed:
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Whole-Time Director
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Chief Financial Officer
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Additional Director (3-year term, subject to shareholder approval)
She brings 20+ years of finance experience, including over a decade across global and India-focused roles within the Schneider ecosystem.
The leadership transition appears planned and structured — not abrupt.
Bonus Shares & Capital Expansion
In November 2025, the company:
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Increased authorised capital
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Issued 1:1 bonus shares (6,048,000 shares)
That effectively doubled the share count. EPS numbers for previous periods were restated accordingly.
This typically signals balance sheet comfort and capital confidence.
Capex Reallocation & New Product Launch
The Board approved reallocation of FY26 capital expenditure.
A key highlight:
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Launch of APC IT Cabinet – SX+ / Open Compute Platform Cabinet
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Category: Data Centre / Net Shelter Racks
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Target Market: Domestic
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Launch Timeline: Q2 2026
This positions the company deeper into the data centre infrastructure ecosystem — a sector benefiting from AI and cloud expansion.
UnlistedZone Takeaway
This wasn’t just a routine quarterly update.
It was a structural quarter.
A leadership reset, regulatory adjustment, capital restructuring, and strategic product positioning — all in one announcement.
The real question now:
Will the new CFO era drive margin expansion and scale in the fast-growing data centre segment?
Because the numbers are steady.
The strategy is evolving.
