Redington Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 01, 2023 at 05:24 am
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Redington Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 216,743.1 million compared to INR 166,007.4 million a year ago. Revenue was INR 217,146.4 million compared to INR 166,198.1 million a year ago. Net income was INR 3,797 million compared to INR 3,880.7 million a year ago. Basic earnings per share from continuing operations was INR 4.86 compared to INR 4.97 a year ago. Diluted earnings per share from continuing operations was INR 4.86 compared to INR 4.96 a year ago.
For the nine months, sales was INR 575,281.9 million compared to INR 453,422.5 million a year ago. Revenue was INR 576,237.4 million compared to INR 454,071.3 million a year ago. Net income was INR 10,824.6 million compared to INR 9,319.4 million a year ago. Basic earnings per share from continuing operations was INR 13.85 compared to INR 11.94 a year ago. Diluted earnings per share from continuing operations was INR 13.85 compared to INR 11.94 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 
