Redington , a leading technology and supply chain solutions provider, has reported robust financial performance for Q1. The company achieved its highest ever revenue in any Q1, with global revenue growing 22% year-on-year to ₹26,002.00 crores.

Financial Highlights

Performance Analysis

Redington demonstrated strong top-line growth with a 22% increase in revenue. The company's EBITDA also saw an improvement, rising by 6% to ₹450.00 crores. The bottom line showed resilience, with Profit After Tax (PAT) climbing to ₹275.00 crores, a 12% increase from the same period last year.

Segment Performance

• SISA (Singapore, India & South Asia): This business segment showed strong performance with revenue growing 23%, EBITDA up 19%, and PAT increasing 29%.
• ROW (Rest of World): Excluding Arena, this segment recorded 25% revenue growth, though EBITDA declined 4% and PAT dropped 5%.

Operational Metrics

• Working capital days reduced to 37 days from 39 days year-on-year.
• The Mobility Solutions Group (MSG) grew 44%.
• Cloud Solutions Group (CSG) expanded 41%.
• Net debt to equity ratio stood at 0.23x.

Company Overview

Redington Limited is a prominent player in the technology products and services distribution sector. The company's strong performance suggests its ability to capitalize on the growing demand for technology solutions across various industries.

Recent Corporate Developments

According to the company's recent LODR filing, Redington held its 32nd Annual General Meeting (AGM) on July 29. Key points from the AGM include:

• Dividend Declaration: The company declared a dividend of ₹6.80 per equity share (340% of face value) for the financial year ended March 31.
• Board Changes: Mr. Tu, Shu Chyuan was re-appointed as a Director.
• Auditor Appointments: Deloitte & Touche LLP was appointed as auditors for the company's Singapore branch, and B Chandra & Associates were appointed as Secretarial Auditors.

Conclusion

Redington's strong start to the quarter, with a 22% increase in revenue and a 12% rise in PAT, positions the company well in the competitive technology distribution sector. The company's ability to significantly increase its revenue while maintaining profit growth demonstrates its effective business strategies in a dynamic market environment. The growth in key segments and improvement in operational metrics further underline the company's solid performance. Investors and market analysts will likely keep a close watch on Redington's performance in the coming quarters to see if this growth trajectory continues.

The company has scheduled an analyst/investor conference call to discuss these results in detail.

Redington Ltd , a leading technology solutions provider, has reported a significant increase in its standalone profit for the fourth quarter, accompanied by the announcement of a dividend payout.

Q4 Financial Highlights

Redington Ltd's standalone profit for Q4 reached Rs 209.45 crore, marking a substantial 30.4% increase from Rs 160.57 crore reported in the same quarter of the previous year. This impressive growth in profitability showcases the company's strong performance in the final quarter.

Annual Performance

The company's annual profit also saw a notable rise, reaching Rs 1,443.78 crore for the full fiscal year. This figure represents a significant improvement in the company's overall financial health and operational efficiency.

Dividend Announcement

In a move that will likely please shareholders, Redington's board of directors has recommended a final dividend of Rs 6.80 per equity share. This decision reflects the company's commitment to rewarding its investors and sharing the fruits of its financial success.

Revenue and Profitability Insights

Examining the company's income statement data reveals some interesting trends:

The table above illustrates Redington's strong performance in the current Q4 compared to the same quarter in the previous year. The company has achieved significant growth across key financial metrics, with revenue increasing by nearly 25% and net profit rising by over 30%.

Operational Efficiency

Redington's operating profit margin (OPM) for the current Q4 stood at 2.32%, showing a slight improvement from 2.41% in the same quarter of the previous year. This indicates that the company has maintained its operational efficiency while expanding its revenue base.

Conclusion

Redington Ltd's Q4 results demonstrate the company's ability to drive growth and improve profitability in a competitive market. The significant increase in both quarterly and annual profits, coupled with the announcement of a dividend, paints a positive picture for the company's financial health and its commitment to shareholder value.