Technology solutions provider Redington Ltd on Tuesday (August 1) reported a 21.2 percent year-on-year (YoY) decline in net profit at Rs 248.8 crore for the first quarter that ended June 30, 2023.
In the corresponding quarter last year, Redington posted a net profit of Rs 315.8 crore, the company said in a regulatory filing.
In the quarter, total revenue stood at Rs 21,187.2 crore during the period under review, increased 26.1 percent against Rs 16,803.1 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA falls 9.2 percent to Rs 419.2 crore in the first quarter of this fiscal over Rs 461.8 crore in the corresponding period in the previous fiscal.
EBITDA margin stood at 2 percent in the reporting quarter as compared to 3 percent in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
The results came after the close of the market hours. Shares of Redington Ltd ended at Rs 183.15, up by Rs 2.85, or 1.58 percent on the BSE.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Supreme Court verdict on EVMs — why upholding the voter’s trust is important
Apr 27, 2024 2:23 PM
BJP spent more than ₹103 crore on Google Ads since May 2018, maximum expenditure on videos
Apr 27, 2024 11:39 AM
Lok Sabha Election Phase 2: Experts decode the key trends and issues in key battleground states
Apr 26, 2024 11:53 PM
2024 Lok Sabha Election | Which way the wind blows in the second phase
Apr 26, 2024 6:09 PM