Q3FY17 results: Redington India Ltd.
Bhagyashree Vivarekar / 02 Feb 2017
The company's stock, which opened for trading at Rs 106.8 on the BSE, has risen by 2.15 per cent after the results were declared and is currently trading around Rs 106.8 mark. In terms of the bottom-line, the company reported a profit after tax (PAT) figure of Rs 118.23 crore, which represents a sequential QoQ increase of 17.98 per cent and a YoY increase of 5.65 per cent.
Redington India Ltd. reported its results for the quarter ended December 31, 2016.
Total sales for this quarter, Q3FY17, came in at Rs 10,961 crore. This represents a 12.7 per cent sequential increase and 21.73 per cent YoY increase. The operating profit (EBIT) for the recently concluded quarter amounted to Rs 211.51 crore and the EBIT margin stood at 1.93 per cent.
In terms of the bottom-line, the company reported a profit after tax (PAT) figure of Rs 118.23 crore, which represents a sequential QoQ increase of 17.98 per cent and a YoY increase of 5.65 per cent. The company's stock, which opened for trading at Rs 106.8 on the BSE, has risen by 2.15 per cent after the results were declared and is currently trading around Rs 106.8 mark.
Redington (India) Ltd. deals with the business of end-to-end supply chain management of IT and non-IT products. Redington is a supply chain solution provider to over 75 leading manufacturers of information technology, telecom, lifestyle and consumer electronics products, worldwide. The firm also provides warranty and post-warranty services.
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