Commodity Trading & Distribution company Redington announced Q3FY24 results:
- Achieved Rs 23,550 crore in revenues for Q3FY24
- Highest ever Revenue achieved in any quarter in the past
- QoQ growth in Revenue by 6%; EBITDA by 1% and PAT by 12%
“Our growth in FY24 has been driven by reinventing ourselves across many dimensions. We made significant investments in new revenue streams, focused go-to-market routes, improved our digital capabilities, built platforms, and created processes to enable faster time to market and provide choices to customers to engage with us in ways they prefer. While technology distribution has been our core value proposition, we are focused on building competencies and capabilities to enable and resell, hyperscaler and software services, and some managed services for private and public Cloud. In this era of digital transformation and constant market shifts, we are meeting our customer needs by implementing initiatives that deliver exceptional value. This customer-centric approach contributes to our market share gains and strengthens our growth trajectory.
We recognize the critical role our partners play in our ecosystem, and we're committed to providing them with the resources and support for our mutual success.” said V.S. Hariharan, Group CEO, Redington.