Redington soars after strong Q1 performance

4 Aug 2022 , 11:03 AM

EBITDA improved by 34% to Rs 487 crore in the first quarter from Rs 364.2 crore recorded in the same period last year. Profit before tax in Q1 FY23 stood at Rs 413.68 crore, up by 37.3% from Rs 301.36 crore in Q1 FY22. The companys working capital days increased to 28 in Q1 FY23 from 18 in Q1 FY22. Return on equity (ROE) in Q1 FY23 improved to 21.3% from 18.8% in Q1 FY22. Return on capital employed (ROCE), however, declined to 41.1% in Q1 FY23 from 52.2% in Q1 FY22. Redington (India) (REDIL) is a leading distributor for IT hardware and mobility products. While distribution of IT and mobility products contributes a bulk of its revenue, REDIL is also enhancing its presence in the logistics business in India and the Gulf. Powered by Capital Market – Live News