Redington Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
February 02, 2017 at 02:42 am EST
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Redington (India) Ltd. reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 41,936.3 million compared to INR 31,442.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 879.6 million compared to INR 965.2 million a year ago. Profit from ordinary activities before tax was INR 762.1 million compared to INR 793.5 million a year ago. Net profit was INR 489.2 million compared to INR 526 million a year ago. Basic and diluted profit per share before and after extraordinary items was INR 1.22 compared to INR 1.32 a year ago.
For the nine months, on standalone basis, the company reported net sales/income from operations of INR 114,688.9 million compared to INR 92,085.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,469.6 million compared to INR 2,483.0 million a year ago. Profit from ordinary activities before tax was INR 2,234.9 million compared to INR 2,111.7 million a year ago. Net profit was INR 1,522.5 million compared to INR 1,423.3 million a year ago. Basic and diluted profit per share before and after extraordinary items was INR 3.81 compared to INR 3.56 a year ago.
For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 109,608.3 million compared to INR 90,042.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,115.1 million compared to INR 1,769.7 million a year ago. Profit from ordinary activities before tax was INR 1,857.2 million compared to INR 1,615.1 million a year ago. Net profit was INR 1,257.8 million compared to INR 1,246.3 million a year ago. Basic and diluted profit per share before and after extraordinary items was INR 4.72 compared to INR 2.51 a year ago. EBIDTA was INR 2,347 million against INR 2,200 million a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations of INR 303,190.6 million compared to INR 249,545.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,499.5 million compared to INR 5,142.7 million a year ago. Profit from ordinary activities before tax was INR 4,539.8 million compared to INR 4,126.6 million a year ago. Net profit was INR 3,234.2 million compared to INR 3,061.4 million a year ago. Basic and diluted profit per share before and after extraordinary items was INR 7.79 compared to INR 7.28 a year ago. Net cash flow from operations was INR 9,376 million against net cash used in operations of INR 6,935 million a year ago. Book value per share was INR 79.1. EBIDTA was INR 6,141 million against INR 5,783 million a year ago.
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.