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Share the post "Redington ‘s Q3 2024-25 Latest News: Profit Grows by 15.83% YoY"
Highlights
🔹 The presented financial data is Consolidated to provide a comprehensive overview of the company performance. 🔹 Sales over the Year and quarter: The company experienced a substantial growth of 13.66 % in the past year, substantial increase in net sales/revenue by 7.31 %. 🔹 Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 8.51 %. Marginal decrease of -14.67% in other income during this quarter. 🔹 Profit over the Year and quarter: Significant improvement in profitability for Redington Limited. Notable increase of 15.83 % in net profit Year to Year, Redington Limited’s profitability increased by 42.45 % in this quarter. 🔹 EPS over the Year and quarter: EPS increased by 17.43 % Year to Year. EPS increased by 36.53 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 23504.97 Cr | Rs. 24895.56 Cr | Rs. 26716.08 Cr | + 7.31 % | + 13.66 % |
| Expenses | Rs. 22987.67 Cr | Rs. 24437.33 Cr | Rs. 26113.58 Cr | + 6.86 % | + 13.6 % |
| Operating Profit | Rs. 517.3 Cr | Rs. 458.23 Cr | Rs. 602.5 Cr | + 31.48 % | + 16.47 % |
| OPM % | 2.2 % | 1.84 % | 2.26 % | + 0.42 % | + 0.06 % |
| Other Income | Rs. 44.56 Cr | Rs. 56.66 Cr | Rs. 48.35 Cr | -14.67 % | + 8.51 % |
| Interest | Rs. 84.61 Cr | Rs. 84.07 Cr | Rs. 83.98 Cr | -0.11 % | -0.74 % |
| Depreciation | Rs. 43.33 Cr | Rs. 49.49 Cr | Rs. 53.99 Cr | + 9.09 % | + 24.6 % |
| Profit before tax | Rs. 433.92 Cr | Rs. 381.33 Cr | Rs. 512.88 Cr | + 34.5 % | + 18.2 % |
| Tax % | 19.83 % | 25.82 % | 21.43 % | -4.39 % | + 1.6 % |
| Net Profit | Rs. 347.88 Cr | Rs. 282.88 Cr | Rs. 402.96 Cr | + 42.45 % | + 15.83 % |
| EPS in Rs | Rs. 4.36 | Rs. 3.75 | Rs. 5.12 | + 36.53 % | + 17.43 % |
Today, we’re looking at Redington Limited’s financial performance for the Q3(Dec 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 13.66 %. However, it did see a marginal increase of 7.31 % from the previous quarter. Expenses ticked up slightly by 6.86 % quarter-on-quarter, aligning with the annual rise of 13.6 %. Operating profit, while up 16.47 % compared to last year, faced a quarter-on-quarter increase of 31.48 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.06 %, but an expansion of 0.42 % sequentially. Other income fell by -14.67 % compared to the last quarter, despite an annual growth of 8.51 %. Interest expenses dropped significantly by -0.11 % from the previous quarter, yet the year-over-year decrease remains at a moderate -0.74 %. Depreciation costs climbed by 9.09 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 24.6 %. Profit before tax grew annually by 18.2 % but saw an increase from the preceding quarter by 34.5 %.
Tax expenses as a percentage of profits increased slightly by 1.6 % compared to last year, with a more notable quarter-on-quarter decrease of -4.39 %. Net profit rose by 15.83 % year-on-year but experienced a 42.45 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 17.43 % but a quarterly rise of 36.53 %. In summary, Redington Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 23504.97 Cr | Rs. 24895.56 Cr | Rs. 26716.08 Cr | + 7.31 % | + 13.66 % |
| Expenses | Rs. 22987.67 Cr | Rs. 24437.33 Cr | Rs. 26113.58 Cr | + 6.86 % | + 13.6 % |
| Operating Profit | Rs. 517.3 Cr | Rs. 458.23 Cr | Rs. 602.5 Cr | + 31.48 % | + 16.47 % |
| Net Profit | Rs. 347.88 Cr | Rs. 282.88 Cr | Rs. 402.96 Cr | + 42.45 % | + 15.83 % |
| EPS in Rs | Rs. 4.36 | Rs. 3.75 | Rs. 5.12 | + 36.53 % | + 17.43 % |
In reviewing Redington Limited’s 2024-25(Q3) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.66 % year-on-year growth, however, there was a minor increase of 7.31 % from the previous quarter. Expenses rose by 13.6 % compared to the previous year, with a 6.86 % increase quarter-on-quarter. Operating Profit surged by 16.47 % annually, and saw a 31.48 % increase from the last quarter.
Net Profit showed yearly increase of 15.83 %, and experienced a 42.45 % increase from the previous quarter. Earnings Per Share (EPS) rose by 17.43 % annually, however rose by 36.53 % compared to the last quarter. In essence, while Redington Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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