Commodity Trading & Distribution company Redington announced Q4FY23 & FY23 results: At Rs 21,895 crores overall global revenues for Q4 have been the highest ever for any quarter growing by a strong 26% YoY and at Rs 590 crores, it has registered highest ever Q4 operating profit with a 15% YoY. FY23 the firm reported a revenue of Rs 79,519 crores which is a growth of 27% YoY and a PAT of Rs 1,393 crores, a growth of 9%. Dividend of Rs 7.2 per equity share of Rs 2 each (i.e., 360% of face value) has been recommended. “Our growth in FY23, has been driven by reinventing ourselves across many dimensions. We made significant investments in improving our digital capabilities, building platforms and creating processes to enable faster time to market and providing choice to customers to engage with us in ways they prefer. While technology distribution has been our core value proposition, we are focused on building competencies and capabilities to provide managed services for private and public Cloud, Security and audits. Technology industry globally has been going through a phase of reduced demand and our initiatives ensure we provide more value to serve our customers better thereby gaining share and accelerate our growth momentum. Our partners play a most crucial role and we remain committed to empower them and help them in their business growth.” said Mr. Rajiv Srivastava, Managing Director, Redington Ltd. Result PDF