Conference Call with Redington Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Redington Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Commodity Trading & Distribution company Redington announced Q4FY24 & FY24 results: At Rs 22,513 crore overall global revenues for Q4 have been the highest ever performance for Q4 of any year, with a 3% YoY growth and at Rs 326 crore, PAT grew at 5% YoY. For the full year FY24 the company reported a revenue of Rs 89,610 crore which is a growth of 13% YoY and a PAT of Rs 1,219 crore. In Q4, some of the Company’s key Geographies grew well, viz. India growing at 9% YoY and KSA (Kingdom of Saudi Arabia) growing at 15% YoY. V.S. Hariharan, Group CEO, Redington, said “Building on the momentum from a strong Q3, Redington's Q4 and FY24 results reflect the continued success of our efforts towards driving profitable growth. We've adapted with a focus on profitable growth geographies, investing in new revenue streams, and enhancing our capabilities. This fiscal year stands out for achieving stable growth, across all business units, while continuing to maintain leadership position. While technology distribution remains our core strength, the growth of the cloud business has been enabled by faster adoption of subscription and consumption business, enhanced by professional services. With our strong engagement with the Brands through initiatives, business plans, differentiated go to market approaches, and the slew of AI enabled solutions being launched by the vendors that will be distributed by us, will position Redington for sustainable growth and market share leadership in the years ahead.” Result PDF