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Redington Ltd Q1FY24; 22% fall in Profits

Established in the year 1993, Redington India Limited have evolved from very humble beginnings of one brand, one product category into a major player in distribution and supply chain solutions with 235+ International brands in IT and Mobility spaces serving 37 emerging markets.

Financial Results:

Redington Ltd reported Revenues for Q1FY24 of ₹21,187.00 Crores up from ₹16,803.00 Crore year on year, a rise of 26.09%.

Total Expenses for Q1FY24 of ₹20,898.00 Crores up from ₹16,414.00 Crores year on year, a rise of 27.32%.

Consolidated Net Profit of ₹255.00 Crores down 21.78% from ₹326.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.18, down 21.29% from ₹4.04 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: IT
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