Redington Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 16, 2023 at 06:30 am EDT
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Redington Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 218,485.9 million compared to INR 173,017.6 million a year ago. Revenue was INR 218,949.7 million compared to INR 173,244.4 million a year ago. Net income was INR 3,101 million compared to INR 3,479.7 million a year ago. Basic earnings per share from continuing operations was INR 3.97 compared to INR 4.46 a year ago. Diluted earnings per share from continuing operations was INR 3.97 compared to INR 4.45 a year ago.
For the full year, sales was INR 793,767.8 million compared to INR 626,440.1 million a year ago. Revenue was INR 795,187.1 million compared to INR 627,315.7 million a year ago. Net income was INR 13,925.6 million compared to INR 12,799.1 million a year ago. Basic earnings per share from continuing operations was INR 17.82 compared to INR 16.4 a year ago. Diluted earnings per share from continuing operations was INR 17.81 compared to INR 16.39 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.
REDINGTON LIMITED 
