Redington Q2 profit up 19% to Rs 72.92 cr

IT distributor Redington (India) has posted a 19 per cent jump in its net profits to Rs 72.92 crore for the second quarter ended September 30, 2012. The Chennai-based company had a net profit of Rs 61.27 crore during the same period last year, the company said in a filing to the BSE.

The total income rose to Rs 5,859.71 crore from Rs 5,188.97 crore in the year ago period, it added. For the six-month period ended September 30, the consolidated net profits of the company grew by 11 per cent to Rs 136.37 crore from Rs 122.85 crore in the same period last year.

The total income for the period rose to Rs 11,231.34 crore from Rs 10,183.29 crore. After getting the approval of the shareholders, the company has transferred its supply chain management business to a newly incorporated subsidiary 'ProConnect Supply Chain Solutions Ltd' effective October 1 to explore further business opportunities, the filing said.

Shares of the company were trading at Rs 79.45 apiece on the BSE in the late afternoon trade, down 2.22 per cent from its previous close.

Source: www.moneycontrol.com

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