Redington Limited Reports Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2018; Provides Earnings Guidance for the Fiscal Year of 2019
May 21, 2018 at 07:15 am EDT
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Redington (India) Limited reported audited standalone and consolidated earnings results for the fourth quarter and year ended March 31, 2018. For the quarter, the company reported revenue from operations of INR 38,474.1 million against INR 40,412.7 million a year ago. Profit before tax was INR 502.5 million against INR 799.6 million a year ago. Profit for the period attributable to shareholders of the company was INR 328.7 million or INR 0.82 per share basic and diluted against INR 509.4 million or INR 1.27 a year ago.
For the year on standalone basis, the company reported revenue from operations of INR 152,625.8 million against INR 157,588.3 million a year ago. Profit before tax was INR 2,713.3 million against INR 3,130.9 million a year ago. Profit for the period attributable to shareholders of the company was INR 1,839.2 million or INR 4.60 per share basic and diluted against INR 2,083.5 million or INR 5.21 a year ago.
For the quarter on consolidated basis, the company reported revenue from operations of INR 113,140.4 million against INR 107,949.8 million a year ago. Profit before tax was INR 1,832.2 million against INR 2,005.3 million a year ago. Profit for the period attributable to shareholders of the company was INR 1,432.8 million or INR 3.58 per share basic and diluted against INR 1,527.0 million or INR 3.82 a year ago.
For the year on consolidated basis, the company reported revenue from operations of INR 434,594.1 million against INR 411,146.5 million a year ago. Profit before tax was INR 6,305.7 million against INR 6,545.1 million a year ago. Profit for the period attributable to shareholders of the company was INR 4,816.4 million or INR 12.04 per share basic and diluted against INR 4,642.2 million or INR 11.61 a year ago. For the full year the company delivered a positive operating cash flow of INR 1,840 million, INR 1,240 million of which came from India and INR 600 million was delivered by the overseas. From a free cash flow point of view it was negative at a consolidated level of INR 940 million, INR 420 million from India and INR 520 million from overseas. Return on Equity was 14.5%.
For the fiscal year of 2019, the company will grow both revenue and profit better than what company did in 2018. CapEx about INR 1,500 million to INR 2,000 million.
Redington Limited is an India-based technology solution provider company. The Company is engaged in the business of distribution of information technology, mobility, and other technology products besides supply chain solutions. The Company provides information technology solutions across cloud, technology, digital printing, and solar. Further, it is engaged in offering technology services, logistics services, business process solutions, and financial services. The principal activity of the Company is wholesale distribution of machinery, equipment, and supplies (Wholesale of computers, computer peripheral equipment, software, electronic and telecommunications equipment and parts). Its solution offerings include hyperconverged infrastructure, enterprise storage, storage visualization, fault tolerant solutions, and software-defined storage. It has a footprint in approximately 38 markets with over 290 international brand associations. The Company operates approximately 70 sales locations.
Redington Limited Reports Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2018; Provides Earnings Guidance for the Fiscal Year of 2019
REDINGTON LIMITED 
