Redington shares soar 14% as Q2 profit jumps on-year to ₹388 crore
Shares of Redington surged as much as 14% to their day’s high of ₹284 on the NSE on Thursday, November 6, after the technology distributor reported its strongest-ever quarterly performance, driven by robust growth across markets and business segments.
The company posted consolidated global revenues of ₹29,118 crore, up 17% year-on-year (year-on-year ), while net profit rose 32% year-on-year to ₹388 crore, from ₹293 crore in the same quarter last year. Profit after tax margin stood at 1.57% (excluding Arena).
