Redington India posts Q4 standalone net at Rs 123.46 crore

| | Chennai
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Redington India posts Q4 standalone net at Rs 123.46 crore

Wednesday, 25 May 2022 | PTI | Chennai

Redington India Ltd has reported standalone profit for the quarter ending March 31, 2022 at Rs 123.46 crore, the company said on Tuesday.

The city headquartered supply chain solutions provider had clocked standalone net profits at Rs 115.47 crore in corresponding quarter previous year. For the year ending March 31, 2022 standalone profit grew to  Rs 935.07 crore, from Rs 263.33 crore registered year ago. The standalone total income during the quarter under review stood at Rs 7,790.74 crore as against Rs 6,367.29 crore registered year ago. For the year ending March 31, 2022 standalone total income rose to Rs 27,506.47 crore, from Rs 22,791.74 crore registered year ago.

In a statement, the company said it reported strong performance across all business segments with overall revenue growth of 12 per cent year-on-year for the period ending March 31, 2022.

The company said it surpassed a milestone of Rs 62,000 crore in revenues for the full year ending March 31, 2022.

The growth in Profit After Tax has been strong at 69 per cent for the year with the business generating cash flow from operations of Rs 989 crore.

“The growth has been driven by continued demand for technology products, solutions and services that can enable digital transformation, hybrid work, modernisation of information technology, data centre and applications..”, it said.

“FY22 has been an immensely satisfying year for us in terms of broad-based business growth.

As the journey towards digitalisation accelerates, we have been focused on bringing innovations faster to market...”, company managing director Rajiv Srivastava said. “Our trust-based relationships with vendors and partners are a key enabler in our growth fuelled by new age technologies and  cloud based adoptions”, he said.    

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