Redington India Q4 net up 2.68% at Rs 104.83 crore

CHENNAI: IT and telecom products distributor Redington India on Wednesday reported 2.68 per cent increase in consolidated net profit at Rs 104.83 crore for the fourth quarter ended March 31, 2013.

The city-based company's net profit stood at Rs 102.09 crore during the corresponding period of previous year, Redington India said in a BSE filing.

For the fiscal ending March 31, 2013, consolidated net profits grew 10.3 per cent to Rs 323.11 crore from Rs 292.74 crore registered during the corresponding period of previous fiscal.

Consolidated total income from operations for the fourth quarter ending Mar 31, 2013 rose to Rs 6,807.78 crore from Rs 5,492.02 crore registered in the same period of previous year.

For the financial year ending March 31, 2013 consolidated total income from operations surged to Rs 24,164.66 crore as against Rs 21,192.99 crore registered in the same period of previous year.

The Board of Directors at its meeting recommended a dividend of Rs 0.40 per equity share of Rs two each (20 per cent) for the financial year ending March 31, 2013.

Besides, the company's Deputy Managing Director Raj Shankar was also elevated as Joint Managing Director during the meeting, it added.