Redington India January - March quarter net up 34%

MUMBAI: IT products distributor Redington India today posted 33.94 per cent increase in consolidated net profit at Rs 102.09 crore for the quarter ended March 31, 2012 against Rs 76.22 crore in the same period in previous fiscal, Redington India said in a BSE filing.

Total income from operations stood at Rs 5,515.16 crore for the reported quarter, up 5.92 per cent from Rs 5,206.74 crore in the corresponding quarter last year.

For the full year ended March 31, 2012, the net profit grew 29.53 per cent to Rs 292.74 crore as compared to Rs 226 crore in FY'11.

Total income from operations was up 26.72 per cent to Rs 21,192.99 crore in FY'12 from Rs 16,723.77 crore in the previous fiscal.

Redington India has recommended a dividend of 40 paise per Equity share of Rs 2 each for FY'12 compared to Rs 1.1 last year.