Latest News | Redington Records Standalone Q3 Net at Rs 141.38 Cr

Chennai, Feb 2 (PTI) Information technology solutions provider Redington Ltd has registered standalone net at Rs 141.38 crore for the quarter ending December 31, 2022, the company said on Thursday.

The city-based company had registered standalone net at Rs 137.45 crore during corresponding period of last year.

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For the nine month period ending December 31, 2022 the standalone profits grew to Rs 946.97 crore from Rs 811.61 crore recorded last year.

Total income for the quarter under review grew to Rs 9,448.40 crore from Rs 7,098.23 crore registered last year. For the nine month period ending December 31, 2022 the standalone total income stood at Rs 26,143.57 crore as against Rs 19,715.73 crore registered last year.

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"In Q3FY23 our focus on digital transformation combined with our core strength in innovations, technology and partnerships enabled us to fast-track the customer journey of tech adoption by reducing redundancies that cause technology friction," company Managing Director Rajiv Srivastava said in a statement.

Redington continues to gain share and new opportunities in the markets they compete in supported by solid execution across businesses and geographies.

"the record performance (in Q3) is an outcome of continued investments in improving their technology capabilities, building deeper partner relationships, making breadth of offerings more comprehensive and innovations in business model," the company said in the statement.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)