Redington reports 9% rise in Q3 consolidated net profit

Redington (India) has reported results for third quarter ended December 31, 2015.

The company has reported 2.79% rise in its net profit at Rs 54.15 crore for the quarter ended December 31, 2015 as compared to Rs 52.68 crore for the same quarter in the previous year. However, the company’s total income has decreased by 12.12% to Rs 3097.35 crore for the quarter under review from Rs 3524.54 crore for the corresponding quarter of the previous year. 

On the consolidated basis, the company has reported 9.17% rise in its net profit after tax and minority interest and Share of Profit / (Loss) of Associates at Rs 110.34 crore for the quarter ended  December 31, 2015 as compared to Rs 101.07 crore for the same quarter in the previous year. Total income of the company has increased by 6.72% at Rs 9013.88 crore for quarter under review as compared to Rs 8446 crore for the quarter ended December 31, 2014.