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Company details

6M Return -8.33%
1Y Return -11.08%
Mkt Cap.(Cr) 12,479.62
Volume 745,337
Div Yield 4.51%
OI Chg %
Volume 745,337

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Commodity Trading & Distribution company Redington announced Q2FY24 results:

1. Financial Performance
- Redington reported a revenue of Rs 22,297 crore for Q2FY24, showing a 5% sequential growth.
- The company achieved an operating profit of Rs 514 crore, representing a 17% growth QoQ.
- Earning before interest and taxes (EBIT) and profit after tax (PAT) increased by 17% and 22% respectively, QoQ.

2. Business Segments
- Redington experienced strong performance across all business segments, including Cloud, Mobility, Technology, and Endpoint solutions.
- The company successfully navigated through market uncertainties and delivered significant growth in all geographies, including India, the Middle East Africa region, and Turkey.
- Cloud business showed significant growth at 25% year-on-year (YoY) due to increasing demand for consumption and associated cloud services.

V S Hariharan, Group CEO, Redington, said, "Redington's growth and success in this quarter has been fueled by our robust and multipronged strategy. We've harnessed growth opportunities through strategic vendor partnerships, new product launches, and Redington-led initiatives such as direct-to-retail, technology solutions for the enterprise segment, and focused go-to-market for emerging consumer categories. These concerted efforts have not only contributed to a notable market improvement this quarter but have also laid a solid foundation for our sustained success."

Result PDF

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Redington Ltd Stocks COMPARISION


Equity Capital: 6,927.35 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,779.50 22,156.90
LAST 3M 54,802.13 -2,099.03
LAST 6M 93,089.45 78,838.27
LAST 12M 161,092.98 118,023.38

Redington Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Regington, established in 1993, is a distributor of IT products. It has evolved as a distributor and supply chain operator across various verticals such as artificial intelligence, robotics, data analytics, etc., and holds a significant position in more than 38 emerging markets. The company owns more than 290 international brands and 200 warehouses worldwide.     

    On 21 January 2023, the market capitalisation of the company was Rs 14,601.67 crore. It reported consolidated sales of Rs 27,018 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 532805 and the National Stock Exchange with the code REDINGTON.

    The promoters of Redington India currently hold approximately 0% of the company. The foreign institutional investors’ investment in the company amounts to 36.65%. Various mutual funds hold around 11.8% of the company. The total public stake in the company is approximately 46.7%. The stake of the public has grown steadily over the past year (Since September 2021).

    J Ramachandran is the chairman of the company and a whole-time director, and S V Krishnan is the CFO and director. Rajiv Srivastava, Anita P Belani, B Ramaratnam, Chen Yi-Ju, Keith WF Bradley, Tu Shu-Chyuan, and V S Hariharan are the other directors of the company. BSR & Co. LLP are the auditors of Redington India. As of December 2023, the company had around 78 crore shares outstanding.

    On 21 January 2023, Redington Limited’s share price on NSE was Rs 186.60 and Rs 187.20 on BSE. The share price touched a 52-week high of Rs 202.30 and a 52-week low of Rs 109.40. Its three-month return to investors was 36.9%, while its one-year return was 14.2%.

    As of November 2022, HDFC Mid-Cap Opportunities Direct-Plan Growth has invested Rs 641.15 crore in the company. Other prominent mutual funds with investments in Redington Limited include HDFC Hybrid Equity Direct-G, with an investment of Rs 293.15 crore, and HDFC Small Cap Direct-G, with an investment of Rs 251.6 crore in the company.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

SPL Guindy House, 95 Mount Road Guindy, Chennai, Tamil Nadu, 600032

Tel : 91-44-42243353
Email : investors:redington.co.in
Website : http://www.redingtonindia.com

Cameo Corporate Services Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532805
Book Closure Date (Month) :
BSE Group : A
ISIN : INE891D01026

FAQ’s on Redington Ltd Shares

You can buy Redington Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Redington Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 01, 2023 04:07 PM the closing price of Redington Ltd was ₹ 159.65.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 01, 2023 04:07 PM, the market cap of Redington Ltd stood at ₹ 12,479.62.

The latest PE ratio of Redington Ltd as of Dec 01, 2023 04:07 PM is 10.04

The latest PB ratio of Redington Ltd as of Dec 01, 2023 04:07 PM is 0.55

The 52-week high of Redington Ltd is ₹ 202.30 while the 52-week low is ₹ 136.20

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