India's Redington posts 18% profit rise on steady PC, mobile demand

Redington

05/02/2025 12:14

Feb 5 (Reuters) - India's Redington  REDI.NS  reported
an 18% jump in quarterly profit on Wednesday as the electronics
distributor benefitted from steady demand for computers and
mobile phones, its largest segments.
    Demand for artificial intelligence-powered computers in the
corporate and educational sectors as well as new smartphone
launches have helped manufacturers and distributors weather
inflation-driven choppy demand.
    Redington, which is a distributor of Apple  AAPL.O  and
Samsung  005930.KS  products, reported a rise in profit to 4
billion rupees ($45.8 million) for the October-December quarter,
from 3.41 billion rupees last year.
    Its revenue from operations rose nearly 14% to 267.16
billion rupees, aided by a 9% growth in its mobile phones
business and a 6% growth in the segment that distributes
consumer and commercial computers.
        Redington's technology solutions group posted a 28% rise
in revenue, boosted by an increase in software spending. 
    The company has been expanding into new countries and
sharpening its focus on its cloud services business to expand
beyond gadget distribution, which currently brings in a bulk of
its revenue.

($1 = 87.3660 Indian rupees)

 (Reporting by Praveen Paramasivam in Chennai; Editing by Sonia
Cheema)
 ((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))