On the segmental front, SISA (Singapore, India & South Asia) revenue was Rs 9,980.9 crore (up 19% YoY) while that from ROW (Rest of the World) was Rs 8,396.1 (up 33% YoY) crore. EBITDA improved by 15% to Rs 589.5 crore in Q4 FY23 from Rs 513.2 crore in Q4 FY22.

For the quarter, the company's ROCE was 27% and ROE was 19%. Gross debt to equity was at 0.4x and Net debt to equity was at 0.2x as on 31 March 2023.

The company recorded a net cash outflow of Rs 212.7 crore in Q4 FY23 as against a net cash inflow of Rs 43.4 crore in Q4 FY22.

For the full year FY23, the firm reported a revenue of Rs 79,519 crore, which is a growth of 27% YoY, and a PAT of Rs 1,393 crore, a growth of 9% YoY.

Rajiv Srivastava, managing director, Redington, said: “Our growth in FY23, has been driven by reinventing ourselves across many dimensions. We made significant investments in improving our digital capabilities, building platforms and creating processes to enable faster time to market and providing choice to customers to engage with us in ways they prefer.

While technology distribution has been our core value proposition, we are focused on building competencies and capabilities to provide managed services for private and public cloud, security and audits.

Technology industry globally has been going through a phase of reduced demand and our initiatives ensure we provide more value to serve our customers better thereby gaining share and accelerate our growth momentum.”

Redington is a leading distributor of IT and mobility products and a provider of supply chain management solutions and support services in India, Singapore, South Asia, Middle-East, Turkey and Africa. REDIL procures IT and mobility products from vendors, handles distribution logistics, sells the same to resellers and dealers.