Friday, December 20, 2024 | 03:14 PM ISTEN Hindi

Home / Markets / News / Redington India in focus; shares jump 18% post June quarter nos

Redington India in focus; shares jump 18% post June quarter nos

The company's net profit declined 19.31 YoY per cent to Rs 88.78 crore.

Following the sharp run-up, returns are expected to plateau.

Premium

At 10:08 AM, the stock was trading over 15 per cent higher at Rs 108.35 on the BSE as compared to 0.44 per cent rise in the s&P BSE Sensex.

SI Reporter New Delhi

2 min read Last Updated : Aug 14 2020 | 12:38 PM IST

Shares of Redington India climbed over 18 per cent to Rs 111.40 on the BSE on Friday, a day after the company declared its financial results for the quarter ended June 2020 (Q1FY21).

The company's net profit declined 19.31 per cent to Rs 88.78 crore during the quarter as against Rs 110.03 crore profit logged during the corresponding quarter of the previous fiscal. Total revenue came in at Rs 10,722 crore, down 8.2 per cent as against Rs 11,686.6 crore in the year-ago period. CLICK HERE TO READ PRESS RELEASE

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood

Topics : Redington (India) Buzzing stocks Markets Sensex Nifty

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in