Rexnord Electronics Posts ₹154.78 Lakh Q1 Profit, Schedules AGM
Rexnord Electronics & Controls, a manufacturer of instrument cooling fans and motors, reported a standalone profit of ₹154.78 lakhs for Q1 FY2023-24. This represents an increase from the previous quarter's ₹109.98 lakhs but a decrease from ₹181.71 lakhs in Q1 of the previous year. Total income from operations stood at ₹3,154.65 lakhs. On a consolidated basis, the company posted a profit of ₹151.54 lakhs. The Board approved the unaudited financial results and scheduled the 37th Annual General Meeting for September 30.
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Rexnord Electronics & Controls , a manufacturer of instrument cooling fans and motors, has reported a standalone profit of ₹154.78 lakhs for the quarter ended June 30. The company's Board of Directors approved the unaudited financial results and scheduled the 37th Annual General Meeting (AGM) for September 30.
Financial Performance
The company's Q1 standalone profit of ₹154.78 lakhs shows an increase from the previous quarter's ₹109.98 lakhs. However, it represents a decrease compared to the ₹181.71 lakhs reported in the same quarter of the previous year. The total income from operations for the quarter stood at ₹3,154.65 lakhs.
On a consolidated basis, Rexnord Electronics posted a profit of ₹151.54 lakhs for the quarter.
Key Financial Highlights
| Particulars | Q1 (₹ in Lakhs) | Q4 (₹ in Lakhs) | Q1 Previous Year (₹ in Lakhs) |
|---|---|---|---|
| Total Income | 3,191.90 | 3,196.51 | 2,611.89 |
| Profit Before Tax | 211.02 | 190.64 | 245.49 |
| Net Profit | 154.78 | 109.98 | 181.71 |
| Earnings Per Share (₹) | 1.17 | 0.84 | 1.57 |
Board Meeting Outcomes
The Board of Directors, in their meeting held on August 11, approved the following:
- Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, as recommended by the Audit Committee.
- Scheduling of the 37th Annual General Meeting on September 30.
Additional Information
- The company operates primarily in the manufacturing of instrument cooling fans and motors.
- The financial results will be published in newspapers and made available on the stock exchange and company websites.
- The meeting of the Board commenced at 11:40 a.m. and concluded at 2:15 p.m.
Rexnord Electronics continues to maintain its position in the instrument cooling fans and motors segment, showing resilience in its financial performance despite fluctuations compared to the previous year.
Historical Stock Returns for Rexnord Electronics & Controls
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.22% | -2.54% | -10.33% | +4.74% | -32.16% | +238.30% |
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