Redington (india)

Redington Q2 results: Net profit down at Rs 282.88 cr, total income rises

Integrated technology solutions provider Redington Ltd has reported consolidated profits for the July-September 2024 quarter at Rs 282.88 crore, following growth led by good performances across all business units, the company said on Wednesday. The city-based company had registered consolidated profits of Rs 311.64 crore during the corresponding quarter of last financial year. For the six month period ending September 30, 2024 the consolidated profits stood at Rs 499.92 crore, as against Rs 566.84 crore registered in the year ago period. The consolidated total income during the quarter under review grew to Rs 24,962.22 crore, from Rs 22,296.69 crore registered in the year ago period. For the half-year ending September 30, 2024 the consolidated total income surged to Rs 46,287.61 crore, from Rs 43,547.29 crore registered in the year ago period. Commenting on the financial performance, company Group CEO V S Hariharan said, "In Q2 FY25, our growth has been led by good performances acr

Redington to offer iPhone 16 series at 7,000 locations across country

Integrated technology solutions provider Redington Ltd will offer its iPhone 16 smartphones at its retail locations across the country, the company said on Saturday. US-based Apple Inc., recently unveiled the latest range of smartphones; Apple Watch Series 10, Watch Ultra 2, Air Pods 4 among many others. In a statement on Saturday, Redington said it would offer the iPhone 16 and iPhone 16 Plus equipped with a host of features at its 7,000 retail locations across the country. All the new models can be pre-ordered, and they will be available from September 20, 8 am onwards, the statement added.

Redington Q1 results: Net profit down 1% at Rs 246 cr as demands fall

Redington's operations from rest of the world (ROW) segment, which operates in 31 countries, including Rwanda, Oman and Turkey, and contributes nearly 50 per cent to its revenue has been in pressure

KEC, RBL Bank, Redington: 5 smallcap stocks with warning signs on charts

Among the key momentum oscillators - the MACD and Slow Stochastic are showing negative divergence on these smallcap stocks; hence caution is advised at these counters.

Redington Q3 results: Profit rises to Rs 153 cr, income at Rs 111 cr

Information technology solutions provider Redington Ltd has reported a standalone net profit of Rs 153.58 crore for the October-December 2023 quarter, the company said on Wednesday. The company had registered standalone net profits at Rs 141.38 crore during the corresponding quarter of the last financial year. For the nine-month period ending December 31, 2023, the standalone net profit stood at Rs 920.67 crore as against Rs 946.97 crore registered a year ago, the company said. The total income for the quarter under review grew to Rs 111.19 crore from Rs 94.48 crore registered in the same period of last year. For the nine months ending December 31, 2023, the total income surged to Rs 312.29 crore as compared to Rs 261.43 crore in the same period a year ago. In a statement, the company said, "Supported by solid execution across businesses and geographies, Redington continues to gain share and secure new opportunities in the markets they compete in." The company emphasized that thi

Redington Ltd reports standalone profit at Rs 573.03 cr in July-Sep quarter

Information technology solutions provider Redington Ltd on Tuesday reported a standalone profit for the July-September 2023 quarter at Rs 573.03 crore, the company said. The city-based company had registered a standalone profit at Rs 655.74 crore during the corresponding quarter of last year. For the six-month period ended September 30, 2023 the standalone profit stood at Rs 767.09 crore, as against Rs 805.59 crore registered in the same period of last year. The standalone total income during the quarter under review grew to Rs 10,350.80 crore, from Rs 9,078.82 crore registered in the same period of last year. For the half year ended September 30, 2023, the standalone total income surged to Rs 20,109.69 crore, from Rs 16,695.17 crore registered during the same period of previous year. In a statement, the company said it delivered strong performance across all the business segments -- Cloud, Mobility, Technology and end point solutions. The company successfully navigated through m

Redington sinks 6% amid weak June quarter results

Redington reported a 21.2 per cent year-on-year decline in consolidated net profit at Rs 248.8 crore in Q1FY24. Ebitda margin fell 100bps YoY to 2 per cent

Apple store opening in India will not impact Redington much: Analysts

According to Redington India, Apple contributed one-third (30 per cent) of its December 2022 (Q3 of FY23) revenues with iPhone's contribution at 24 per cent

Mehul Kothari recommends to buy Bajaj Finance, Redington; Check Why

The technical analyst from Anand Rathi has reiterated the Buy call on Redington (India) with a higher price target of Rs 210; Also, expects Bajaj Finance to rally to Rs 7,060.

After up to 44% rally, charts hint more upside in these mid, smallcap stks

Among individual stocks, Union Bank of India has soared 44% so far in November. Bank of India, Amara Raja Batteries, Redington and Jindal Stainless have also logged strong gains.

Here's why Mehul Kothari recommends to Sell Infosys, Buy Redington

According to the technical analyst from Anand Rathi, Infosys can be sold with a stop at Rs 1,630, while Redington is expected to rally to Rs 178.

Redington India, Google Cloud enter into tie-up for drive distribution

Information technology solutions provider Redington Ltd has entered into a partnership with Google Cloud India for drive distribution and adoption of Google Workspace and Cloud with small and medium businesses, the company said on Thursday. Through this association, Redington aims to address the demand for Google Cloud-based services in the country as the public cloud services market was expected to grow at a CAGR (compound annual growth rate) of 24 per cent and reach USD 13.5 billion by 2026. "Redington and Google Cloud will empower its existing and potential partners with access to business and technical expertise while helping them develop resources that support and manage their customers," a statement from the company said here. The initiative would also help fuel the adoption of Google Cloud through the partner network. "A recent survey revealed a strong market demand for cloud services; however we still see a significant gap between the pace of cloud innovations and adoption

Redington India to retail iPhone 14, Apple Watch series 8 across locations

Supply chain solutions provider Redington India is to offer the latest Apple Inc. products - the iPhone 14 and 14 Plus - in over 4,000 retail locations across the country, the company said on Sunday. Redington has partnered with private sector HDFC Bank to offer various schemes to the new range of iPhones, the Chennai-based company said in a statement. Besides retailing of the smartphones, Redington said it would also sell Apple Watch Series 8, Apple Watch Ultra, Apple Watch SE in the over 2,800 retail outlets. AirPods Pro, launched by the US-based technology giant, can be pre-booked and would be available from September 23. Customers are requested to visit www.indiaistore.com, the statement added. Apple globally unveiled the new range of iPhones and watches on September 7.

Redington to offer iPhone SE, iPad Air on March 18; customers can pre-order

Besides the iPhone SE, iPhone 13 Pro and iPhone 13 Pro Max would be retailed along with iPad Air featuring the Apple-designed M1 chip, the company said

Madras HC okays I-T Dept appeals against Redington for Rs 142 cr demand

Redington said appellate remedies are available on receipt of order from HC and the firm will take adequate steps to safeguard its interest in this regard

Dixon Tech, Sonata Software, Redington: Time to bet on these midcap stocks

These five stocks are likely to gain ground in the days ahead, provided the overall market sentiment stays strong.

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.

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%

Eight firms to list commercial papers on BSE for issue size of Rs 35,585 cr

After the process, the effective date for listing of commercial papers (CPs) with the exchange will be January 1, 2020, it added.

Apple product distributor Harrow Investment sells 50% stake in Redington

Harrow Investment Holdings Ltd, promoter of Redington (India), a distributor of Apple products in India, has sold almost 61 per cent of its shares in the company for Rs 250 crore. The shares were acquired by Norwegian government pension fund and Reliance Mutual Fund.Both the investors have togather acquried 1,99,50,000 equity shares in the company, according to BSE Block deals Harrow Investment Holding Ltd, which was holding 3,27,77,599 equity shares with 8.2 per cent of the equity share as on March, 2017, has sold 1,99,50,000 at Rs 125 per share through block deal, for a total consideration of Rs 249.57 crore. Norges Bank, the central bank of Norway, on account of the Government Pension Fund Global, has acquired 1,19,50,000 equity shares of Redington for Rs 125 per share, for a consideration of Rs 149.37 crore. Reliance Mutual Fund acquired 70,00,000 equity shares for Rs 125 per share worth Rs 87.5 crore.Mutual Funds hold around 14.24 per cent stake and Foreign Portfolio Investors ...