REDINGTON · Services
Redington Ltd. reported revenue of ₹22,220 cr for July to September 2023, — on the year and +4.9% on the quarter.
Operating profit (EBITDA) was ₹481 cr, a margin of 2.2%, — on the year and +19 bps on the quarter.
Net profit was ₹312 cr, — on the year and +22.4% on the quarter, with earnings per share of ₹3.88.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹23,505 cr | ₹22,433 cr | ₹21,282 cr | ₹24,896 cr | ₹26,716 cr | ₹26,440 cr | ₹25,952 cr | ₹29,076 cr | ₹30,922 cr | ₹33,213 cr | ₹34,922 cr | ₹42,947 cr |
| YoY | — | — | +0% | +12% | +14% | +18% | +22% | +17% | +16% | +26% | +35% | +48% |
| EBITDA margin | 2.2% | 2.0% | 1.7% | 1.8% | 2.3% | 2.3% | 1.5% | 2.0% | 2.0% | 1.8% | 2.0% | 2.0% |
| Other income, % of PBT | 10% | 21% | 18% | 15% | 9% | 61% | 16% | 9% | 7% | −25% | 7% | −4% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 20% | 15% | 26% | 26% | 21% | 20% | 23% | 24% | 23% | 27% | 26% | 32% |
| Net profit | ₹348 cr | ₹324 cr | ₹217 cr | ₹283 cr | ₹403 cr | ₹918 cr | ₹233 cr | ₹350 cr | ₹413 cr | ₹288 cr | ₹453 cr | ₹423 cr |
| YoY | — | — | −15% | −9% | +16% | +183% | +7% | +24% | +2% | −69% | +94% | +21% |
| Core profit YoY | — | — | −17% | −2% | +20% | +50% | +6% | +29% | +8% | +9% | +124% | +56% |
| EPS | ₹4.36 | ₹4.16 | ₹3.15 | ₹3.75 | ₹5.12 | ₹8.51 | ₹3.52 | ₹4.96 | ₹5.57 | ₹5.01 | ₹6.22 | ₹6.92 |
| Flags | · | · | ✓ | ✓ | ✓ | 2 | ✓ | ✓ | 1 | 1 | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Redington Ltd. reported revenue of ₹22,220 cr (— on the year) and net profit of ₹312 cr (— on the year) for July to September 2023.
None of the 2 checks that could run raised a question.
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