Redington Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Redington Ltd reported a 7.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 13.7%.
- Its expenses for the quarter were up by 6.8% QoQ and 13.6% YoY.
- The net profit increased 42.4% QoQ and increased 15.8% YoY.
- The earnings per share (EPS) of Redington Ltd stood at 5.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 26764.43 | 24952.22 | 23549.53 | 7.3% | 13.7% |
Total Expenses | 26251.55 | 24570.89 | 23115.61 | 6.8% | 13.6% |
Profit Before Tax | 512.88 | 381.33 | 433.92 | 34.5% | 18.2% |
Tax | 109.92 | 98.45 | 86.04 | 11.7% | 27.8% |
Profit After Tax | 402.96 | 282.88 | 347.88 | 42.4% | 15.8% |
Earnings Per Share | 5.10 | 3.80 | 4.40 | 34.2% | 15.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Redington Ltd is a prominent player in the technology industry, primarily engaged in the distribution of information technology, mobility, and other technology products. The company operates across multiple regions, providing a range of services that include supply chain solutions, logistics, and post-sale support. Redington has established a significant presence in emerging markets and continues to expand its product portfolio to cater to the dynamic needs of its clients. While specific recent developments are not available in the provided data, Redington is known for its strategic partnerships with leading global technology brands, enhancing its market position and offerings.
Revenue
In the third quarter of the fiscal year 2025, Redington Ltd reported a total income of ₹26,764.43 crores. This represents a 7.3% increase from the previous quarter's income of ₹24,952.22 crores and a 13.7% increase from the same quarter in the previous year, which recorded ₹23,549.53 crores. The company's consistent revenue growth on a quarter-over-quarter (QoQ) and year-over-year (YoY) basis indicates a steady expansion in its operations and possibly a growing demand for its products and services. The revenue performance is a critical indicator of the company's ability to capture market share and sustain its growth trajectory in the competitive technology distribution sector.
Profitability
Redington Ltd's profitability metrics for Q3FY25 reflect a notable improvement over both the previous quarter and the same quarter last year. The profit before tax for this quarter was ₹512.88 crores, marking a 34.5% increase from Q2FY25 and an 18.2% increase from Q3FY24. After accounting for taxes of ₹109.92 crores, the profit after tax stood at ₹402.96 crores. This is a significant increase of 42.4% compared to the last quarter's profit after tax and a 15.8% rise from the corresponding quarter of the previous year. The company's earnings per share also rose to ₹5.10, up from ₹3.80 in Q2FY25 and ₹4.40 in Q3FY24, reflecting a 34.2% QoQ and 15.9% YoY growth. These figures highlight Redington's enhanced profitability, possibly driven by efficient cost management and revenue growth.
Operating Metrics
The company's total expenses for Q3FY25 were ₹26,251.55 crores, reflecting a 6.8% increase from Q2FY25 and a 13.6% rise from Q3FY24. Despite the increase in expenses, the substantial rise in total income has resulted in improved profitability margins. The tax expense for the quarter was ₹109.92 crores, which represents an 11.7% increase from the previous quarter and a 27.8% rise from the same quarter last year. These metrics suggest efficient expense management relative to income growth, contributing to the company's overall financial health. The upward trend in earnings per share, coupled with increased profits, indicates a positive operational performance for Redington Ltd in the analyzed period.
