Rexnord Electronics and Controls Limited has enclosed the Annual Report of the Company for the financial year 2024-25, including the Notice of 37th Annual General Meeting of the Company ....
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Awaiting price reaction for this filing.
Rexnord Electronics & Controls has submitted its 37th Annual Report for FY2024-25 along with the notice for the 37th AGM. Standalone total revenue grew about 12.7% to ₹11,004.39 lakhs from ₹9,762.16 lakhs, and consolidated revenue also rose to ₹11,000.71 lakhs. However, net profit after tax dropped sharply by roughly 32.5% to ₹506.88 lakhs (standalone) and ₹499.14 lakhs (consolidated), driven by higher employee costs, finance costs (₹283.88 lakhs vs ₹162.39 lakhs), and a steep rise in depreciation (₹679 lakhs vs ₹372.88 lakhs). The company recorded exceptional items of ₹39.10 lakhs, did not recommend any dividend, and during the year allotted 21 lakh equity shares at ₹109 each on conversion of warrants by promoter and non-promoter groups. The wholly-owned subsidiary Rexnord Enterprise Pvt Ltd continues to report zero turnover and negative reserves of ₹130.19 lakhs. Auditors (statutory and secretarial) gave clean reports with no qualifications or adverse remarks.
Revenue growth is healthy but the steep drop in profit and absence of dividend may pressure the stock in the short term; rising depreciation and finance costs indicate ongoing capacity expansion that could keep margins under pressure until new capacity contributes meaningfully.