Redington Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2017
July 27, 2017 at 07:17 am EDT
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Redington (India) Ltd. reported unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2017. For the quarter on standalone basis, the company reported revenue from operations of INR 35,283 million against INR 37,830 million a year ago. Profit before tax was INR 602 million against INR 682 million a year ago. Profit for the period attributable to shareholders of the company was INR 390 million or INR 0.97 per share basic and diluted against INR 446 million or INR 1.11 per share diluted a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 98,729 million against INR 107,950 million a year ago. Profit before tax was INR 97,523 million against INR 95,090 million a year ago. Profit for the period attributable to shareholders of the company was INR 984 million or INR 2.46 per share basic and diluted against INR 931 million or INR 2.33 per share basic and diluted a year ago. EBITDA was INR 1,839 million compared to INR 1,828 million a year ago. Net cash flow from operations was INR 96 million compared to INR 2,945 million a year ago. Capex was INR 105 million compared to INR 75 million a year ago. Free cash flow was INR 382 million compared to INR 2,545 million a year ago. Return on average equity was 12.4% and book value per share was INR 80.5.
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.