Rexnord Electronics and Controls Limited has submitted the Outcome of Board Meeting held on 10th February, 2026.
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Rexnord Electronics & Controls announced its Q3 FY26 results on February 10, 2026. Standalone revenue for the quarter was approximately ₹1,970 lakhs versus ₹2,125 lakhs in Q3 FY25. Standalone profit after tax swung to a loss of about ₹16.42 lakhs in Q3 FY26, compared to a profit of ₹78.51 lakhs in the year-ago quarter. The nine-month revenue declined to roughly ₹6,418 lakhs from about ₹7,608 lakhs in the prior year period. The company booked exceptional items totaling ₹19.89 lakhs in Q3 and ₹122.96 lakhs for the nine months, mainly due to a one-time impact from the New Labour Codes (₹39.89 lakhs in Q3), an impairment provision on a debenture investment, and losses on discarding of furniture and fixtures at the MIDC premises.
The swing from profit to loss in Q3 and the year-on-year revenue decline are negative signals for near-term earnings momentum, partly offset by the future Industrial Promotion Subsidy (75% of SGST, capped at 10% of ₹517 lakhs fixed capital investment) pending government verification. Shareholders should note the auditor's emphasis of matter regarding the unrecognised SGST incentive and monitor the Labour Codes impact through fiscal year-end.