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
  Redington consolidated net profit rises 25.97% in the September 2022 quarter
 ( Results - Announcements 02-Nov-22   17:01 )
  Redington India standalone net profit rises 6.92% in the March 2022 quarter
 ( Results - Announcements 23-May-22   08:10 )
  Redington consolidated net profit declines 2.16% in the December 2022 quarter
 ( Results - Announcements 01-Feb-23   16:19 )
  Board of Redington India approves change in company name
 ( Corporate News - 21-Jun-22   15:29 )
  Redington consolidated net profit declines 10.25% in the December 2023 quarter
 ( Results - Announcements 07-Feb-24   07:37 )
  Redington Gulf FZE divests its entire stake in Citrus
 ( Corporate News - 16-Jul-24   19:16 )
  Redington allots 20,876 equity shares under SARS
 ( Corporate News - 14-Feb-23   19:44 )
  Redington India consolidated net profit rises 17.54% in the March 2022 quarter
 ( Results - Announcements 23-May-22   08:10 )
  PNB Housing Finance Ltd leads gainers in 'A' group
 ( Hot Pursuit - 31-May-21   12:00 )
  Redington India allots 10.72 lakh equity shares under ESOP
 ( Corporate News - 22-Jun-21   11:48 )
  Redington India consolidated net profit rises 17.91% in the March 2019 quarter
 ( Results - Announcements 22-May-19   17:31 )
Other Stories
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
  GRSE bags Rs 226-cr LoA from West Bengal Govt
  04-Oct-24   14:40
  Volumes soar at Avenue Supermarts Ltd counter
  04-Oct-24   14:30
  Real Estate stocks edge lower
  04-Oct-24   14:00
  Auto stocks edge lower
  04-Oct-24   14:00
  Utilties stocks edge lower
  04-Oct-24   14:00
  HDFC Bank Ltd down for fifth straight session
  04-Oct-24   13:35
Back Top