Redington Reports Strong Q3 FY24-25 Results with Record Sales and Profit Growth

Redington, a midcap player in the IT hardware industry, has recently reported its financial results for the quarter ending December 2024. The company has demonstrated a notable performance in Q3 FY24-25, with a significant adjustment in its evaluation score, reflecting a positive shift in its financial standing.
Key highlights from the financial results include a profit before tax (PBT) of Rs 464.53 crore, marking a substantial growth compared to the average PBT of the previous four quarters. The inventory turnover ratio has reached a peak of 13.89 times, indicating an efficient inventory management strategy. Additionally, net sales have hit a record high of Rs 26,716.08 crore, showcasing strong sales momentum.

Operating profit also reached its highest level at Rs 602.50 crore, while the operating profit margin improved to 2.26%, suggesting enhanced operational efficiency. Furthermore, profit after tax (PAT) stood at Rs 400.31 crore, reflecting a healthy growth rate over the previous quarters. Earnings per share (EPS) also reached a new high of Rs 5.12, indicating increased profitability for shareholders.

However, the debtors turnover ratio has shown a decline, suggesting a slower pace in settling receivables. Overall, Redington's recent financial results highlight a robust performance with several positive trends.

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