Redington surges on reporting 9% rise in Q3 consolidated net profit

05 Feb 2016

Redington (India) is currently trading at Rs. 103.00, up by 1.45 points or 1.43% from its previous closing of Rs. 101.55 on the BSE.

The scrip opened at Rs. 102.00 and has touched a high and low of Rs. 104.65 and Rs. 101.50 respectively. So far 5358 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 140.35 on 18-Mar-2015 and a 52 week low of Rs. 91.20 on 19-Jun-2015.

Last one week high and low of the scrip stood at Rs. 108.45 and Rs. 100.35 respectively. The current market cap of the company is Rs. 4134.07 crore.

The promoters holding in the company stood at 13.33% while Institutions and Non-Institutions held 58.37% and 28.30% respectively.

Redington (India) 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.    


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