Hot Pursuit     02-Nov-22
Redington soars after Q2 PAT rises 26% YoY
Redington jumped 8.04% to Rs 148.45 after the company reported 26% rise in consolidated net profit to Rs 387 crore on a 25% increase in revenue to Rs 19,080.8 crore in Q2 FY23 over Q2 FY22.

SISA revenue grew by 23% YoY to Rs 9,093.7 crore while the ROW revenue increased by 26% YoY to Rs 9,987.1 crore in the second quarter.

EBITDA improved by 23% to Rs 562.4 crore in Q2 FY23 from Rs 457.5 crore in Q2 FY22.

Profit before tax in Q2 FY23 stood at Rs 470.85 crore, up by 21% from Rs 390.73 crore in Q2 FY22.

Redington is a leading distributor for IT hardware and mobility products. While distribution of IT and mobility products contributes a bulk of its revenue, REDIL is also enhancing its presence in the logistics business in India and the Gulf.

Previous News
  Sensex plunges 4,237 pts; realty shares slumps
 ( Market Commentary - Mid-Session 04-Jun-24   14:39 )
  Redington fixes record date for dividend
 ( Market Beat - Reports 16-May-23   16:08 )
  Board of Redington recommends final dividend
 ( Corporate News - 04-Jun-24   14:02 )
  Redington consolidated net profit rises 25.97% in the September 2022 quarter
 ( Results - Announcements 02-Nov-22   17:01 )
  Redington consolidated net profit declines 10.88% in the March 2023 quarter
 ( Results - Announcements 16-May-23   17:04 )
  Redington allots 41,631 equity shares under Redington Stock Appreciation Right Scheme
 ( Corporate News - 12-Apr-23   18:53 )
  Redington to hold AGM
 ( Corporate News - 04-Jun-24   14:02 )
  Redington consolidated net profit declines 2.16% in the December 2022 quarter
 ( Results - Announcements 01-Feb-23   16:19 )
  Redington (India) to announce Quarterly Result
 ( Corporate News - 25-Jan-21   17:37 )
  Volumes spurt at WABCO India Ltd counter
 ( Hot Pursuit - 25-Mar-21   14:31 )
  Redington India consolidated net profit rises 24.13% in the June 2019 quarter
 ( Results - Announcements 14-Aug-19   11:06 )
Other Stories
  PEL board OKs ad hoc appointments post Rupen Patel's passing
  06-Jul-24   16:41
  Info Edge Q1 FY25 billings climb 11% YoY
  06-Jul-24   15:50
  IndusInd Bank advances climb 16% YoY in Q1 FY25
  06-Jul-24   15:18
  Adani Wilmar reports 13% volume growth in Q1 FY25
  06-Jul-24   14:44
  Tata Motors JLR wholesale rises 5% YoY in Q1
  06-Jul-24   13:01
  Marico's domestic biz sees modest volume growth in Q1
  06-Jul-24   12:25
  Titan revenue rises 9% YoY, adds 61 stores in Q1
  06-Jul-24   11:09
  Dabur India expects mid to high digit revenue growth in Q1
  06-Jul-24   10:40
  Dhanlaxmi Bank gains as gross advances rises 6% YoY in Q1 FY25
  05-Jul-24   15:27
  HDFC Bank Ltd leads losers in 'A' group
  05-Jul-24   15:00
Back Top