Shares of Redington India fall post Q1 results; net profit up 5.49%

NEW DELHI: Shares of Redington India fell 5.87 per cent in intraday trade on Tuesday, a day after the company reported a 5.49 per cent jump in consolidated net profit at Rs 81.15 crore for the first quarter ended June 30, 2015 as against a consolidated net profit of Rs 76.92 crore reported during the corresponding period of the previous fiscal.

The stock hit day's low of Rs 110.50 on the BSE.

For 2014-15 fiscal, net profit of the company was at Rs 386.53 crore.

The consolidated total income from operations for April-June quarter this fiscal went up to Rs 7,569.65 crore from Rs 7,157.26 crore registered during the year-ago period, the company said in a filing to BSE.

For FY2015, total income from operations were at Rs 31,554.86 crore.