Redington India Spikes post result declaration
Nidhi Jani / 31 Oct 2017
In terms of the bottom-line, the company reported a PAT figure of Rs. 208.35 crores which represents a sequential QoQ increase of 80.4 per cent and a YoY increase of 109.8 per cent.
Redington India reported its results for the quarter ended June 30, 2017 during market hours today. Total sales for this quarter, Q1FY18, came in at Rs. 10,544.1 crores. This represents a 6.8 per cent sequential increase and 8.42 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 198.5 crores and the EBIT margin stood at 2 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 208.35 crores which represents a sequential QoQ increase of 80.4 per cent and a YoY increase of 109.8 per cent.
The company's stock which opened for trading at Rs. 160.5 on the BSE, has risen by 1 per cent after the results were declared and was trading at Rs. 161.05 per share on Tuesday.
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