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Redington India has reported a 28 per cent increase in net profit to Rs 68 crore for the third quarter ended December 31, 2011 against Rs 53 crore for the same period last year.
Revenue increased by 25 per cent to Rs 5,730 crore (Rs 4,594 crore).
Growth from overseas operations for Redington was higher than the Indian market. Revenue from overseas operations was Rs 3,233 crore (Rs 2,440 crore) compared to India's Rs 2,520 crore (Rs 2,161 crore).
Redington operates in distribution business and after sales services of information technology and other products. It has 33 subsidiaries, including step-down, operating in India, South Asia, West Asia, Africa and Turkey. Revenue from the overseas operations constitutes over 10 per cent of the total revenue.
On the Bombay Stock Exchange, the company share priced closed at Rs 78.25, down by Rs 1.75 or 2.19 per cent over previous day's closing price.
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