Redington Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2016
October 27, 2016 at 05:18 am EDT
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Redington (India) Ltd. announced unaudited standalone and consolidated earnings results for the second quarter and six months ended September 30, 2016. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 35,767.1 million against INR 31,176.3 million for the same period previous year. Profit from operations before other income and financial costs were INR 821.9 million against INR 809.5 million for the same period of previous year. Profit before tax was INR 820.9 million against INR 726.3 million for the same period of previous year. Net profit after taxes, minority interest and share of loss of associate was INR 606.8 million or INR 1.52 per basic and diluted share compared to INR 505.0 million or INR 1.26 per basic and diluted share for the same period of previous year.
For the six months, on standalone basis, the company reported net sales/income from operations of INR 72,752.6 million against INR 60,643.2 million for the same period previous year. Profit from operations before other income and financial costs were INR 1,589.8 million against INR 1,517.8 million for the same period of previous year. Profit before tax was INR 1,472.8 million against INR 1,318.2 million for the same period of previous year. Net profit after taxes, minority interest and share of loss of associate was INR 1,033.3 million or INR 2.58 per basic and diluted share compared to INR 897.3 million or INR 2.24 per basic and diluted share for the same period of previous year.
For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 97,254.2 million against INR 83,806.9 million for the same period previous year. Profit from operations before other income and financial costs were INR 1,769.7 million against INR 1,711.9 million for the same period of previous year. Profit before tax was INR 1,362.6 million against INR 1,373.5 million for the same period of previous year. Net profit after taxes, minority interest and share of loss of associate was INR 1,002.1 million or INR 2.51 per basic and diluted share compared to INR 971.7 million or INR 2.43 per basic and diluted share for the same period of previous year.
For the six months, on consolidated basis, the company reported net sales/income from operations of INR 193,586.8 million against INR 159,504.3 million for the same period previous year. Profit from operations before other income and financial costs were INR 3,384.4 million against INR 3,158.3 million for the same period of previous year. Profit before tax was INR 2,682.6 million against INR 2,511.5 million for the same period of previous year. Net profit after taxes, minority interest and share of loss of associate was INR 1,932.9 million or INR 4.83 per diluted share compared to INR 1,793.9 million or INR 4.48 per diluted share for the same period of previous year.
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.