Redington Q1 results show revenue fell from 21894.97 crores to 21250.70 crores, a -2.94% decrease in growth. EPS down from ₹3.97 to ₹3.18, down by -19.90%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Redington shared its Q1 results on Tuesday. They earned 21250.70 crores in revenue this quarter, but that’s less than the 21894.97 crores they made last quarter. Unfortunately, the company’s growth decreased by -2.94 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 248.78 crores, down from 310.10 crores in the previous quarter. Their quarter-to-quarter growth decreased by -19.77 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹3.18, which is a decrease of -19.90% from the ₹3.97 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 21250.70 crores this year (2023), which is 26.28 percent higher than last year’s total revenue of 16828.32 crores.
This year’s PAT (Profit After Tax) is 248.78 crores, which is also -21.22% lower than last year’s PAT of 315.78 crores.
The EPS (Earnings Per Share) for this year is ₹3.18, which is -21.29% less than the EPS of ₹4.04 earned last year.
Also Read: Bikaji Foods Q1FY24 Results: Consolidated PAT Raises to Rs. 41.64 Cr
Redington Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Redington:
The organization was officially launched in 1993 when R. Srinivasan co-founded Redington. However, the company had been incorporated back in 1961, initially functioning as a distributor of IT products. Starting from 1993, the group expanded its operations to the Middle East, Africa, and other South Asian countries. This expansion involved venturing into logistic supply chain management systems and a broader range of IT and Telecom Products. At the outset, the company acted as a distributor of IT products from Epson, Tripp Lite, Samsung, and other brands in India.
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