Home » Business » Redington Surpasses Rs 62 000 Cr Revenues Y o Y While PAT Grows To 69

Redington Surpasses Rs 62 000 Cr Revenues Y o Y While PAT Grows To 69

Redington Surpasses Rs 62 000 Cr Revenues Y o Y While PAT Grows To 69

Redington (India) on Saturday announced its financial results for the quarter ended March 31, 2022 (Q4 FY’22) and full financial year FY’22. The firm reported strong performance across all business segments with overall revenue growth of 12 per cent YoY for the quarter.

As a major milestone, Redington has surpassed Rs 62,000 crore in revenues for the full year FY’22. PAT growth has been strong at 69 per cent for the year with the business generating cash flow from operations of Rs 989 crore.

The other net income of the company stands Rs 11.85 crore while the revenue from operations is Rs 7,778.89 crore for March 31st.

Driven by its aim to democratise cloud-based technologies in India, Redington has launched CloudQuarks, a flexible Digital platform with self service capabilities that enables seamless onboarding of Cloud Products and Services of choice for all partners and customers. The company is also simplifying procurement and adoption of various emerging technologies in the field of additive manufacturing (3D Printing) and sustainable solar energy.

“FY22 has been an immensely satisfying year for us in terms of broad-based business growth. As the journey towards digitalisation accelerates, we have been focused on bringing innovations faster to market, bridging the digital divide for individuals and organisations. Our trust-based relationships with vendors and partners are a key enabler in our growth fueled by new age technologies and cloud based adoptions” said Rajiv Srivastava, Managing Director, Redington.

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In FY’23 the company will continue to focus on enhancing its digital and platform capabilities to improve customer, vendor, and partner experience.

“The world is getting technologically upgraded faster than ever before and that clearly plays to our strengths,” added Srivastava.

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