Redington India loses sales worth Rs 1,800 cr due to Covid-19 spread

Firm says these orders would have pushed the top line up by 15%

Redington (India), which provides end-to-end supply chain solutions for the IT and telecom sectors, has said it has lost sales worth Rs 1,800 crore due to the Covid-19 situation. This includes sales worth Rs 800 crore lost in India distribution. These orders would have pushed the top line up by 15 per cent and even boosted the bottom line, said the company officials.

In an earnings call for the quarter ended March 31, 2020, Raj Shankar, managing director of Redington (India) told analysts that apart from the India distribution losses, it has lost about $110 million of business in Middle East,