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22 / May

Redington India’s consolidated net rises to Rs 105 cr in Q4

IT and telecom products distributor Redington India on Wednesday reported 2.68 per cent increase in consolidated net profit at Rs 104.83 crore for the fourth quarter ended March 31, 2013 as against a net profit of Rs 102.09 crore during the corresponding period of previous year, Redington India said in a BSE filing.

For the fiscal ending March 31, 2013, consolidated net profits grew 10.3 per cent to Rs 323.11 crore (Rs 292.74 crore).

Consolidated total income from operations for the current quarter rose to Rs 6,807.78 crore as against Rs 5,492.02 crore.

For the financial year ending March 31, 2013 consolidated total income from operations surged to Rs 24,164.66 crore as against Rs 21,192.99 crore registered in the same period of previous year.

The company recommended a dividend of Rs 0.40 per equity share of Rs two each (20 per cent) for the financial year ending March 31, 2013.

Source:Business Line