Redington Ltd. Reports Unaudited Consolidated and Parent Earnings Results for the Third Quarter Ended December 31, 2011
January 27, 2012 at 04:54 pm IST
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Redington (India) Ltd. reported unaudited consolidated and parent earnings results for the third quarter ended December 31, 2011. For the quarter, the group reported profit from operations before other income. interest and tax of INR 1,463.2 million, profit before interest and tax of INR 1,472.7 million, profit before tax of INR 1,094.9 million and net profit of INR 678.1 million or INR 1.7 per diluted share on net sales of INR 57.2 billion compared to profit from operations before other income, interest and tax of INR 1,061.2 million, profit before interest and tax of INR 1,080.0 million, profit before tax of INR 824.1 million and net profit of INR 527.3 million or INR 1.32 per diluted share on net sales of INR 46 billion reported in the same period last year.
For the quarter, the group reported profit from operations before other income. interest and tax of INR 4,063.4 million, profit before interest and tax of INR 4,095.3 million, profit before tax of INR 3,029.1 million and net profit of INR 1,906.7 million or INR 4.78 per diluted share on net sales of INR 163.6 billion compared to profit from operations before other income, interest and tax of INR 2,821.6 million, profit before interest and tax of INR 2,890.0 million, profit before tax of INR 2,275.8 million and net profit of INR 1,498.0 million or INR 3.76 per diluted share on net sales of INR 120.1 billion reported in the same period last year.
For the quarter, the parent company reported profit from operations before other income. interest and tax of INR 636.1 million, profit before interest and tax of INR 664.5 million, profit before tax of INR 496.6 million and net profit of INR 334.0 million or INR 0.84 per diluted share on net sales of INR 24.9 billion compared to profit from operations before other income, interest and tax of INR 556.0 million, profit before interest and tax of INR 556.6 million, profit before tax of INR 439.7 million and net profit of INR 294.9 million or INR 0.74 per diluted share on net sales of INR 21.5 billion reported in the same period last year.
For the quarter, the parent company reported profit from operations before other income. interest and tax of INR 1,968.2 million, profit before interest and tax of INR 2,100.9 million, profit before tax of INR 1,562.2 million and net profit of INR 1,062.4 million or INR 2.66 per diluted share on net sales of INR 76.4 billion compared to profit from operations before other income, interest and tax of INR 1,493.1 million, profit before interest and tax of INR 1,556.0 million, profit before tax of INR 1,263.3 million and net profit of INR 847.1 million or INR 2.13 per diluted share on net sales of INR 59.4 billion reported in the same period last year.
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.