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Redington reports 7% fall in Q2 consolidated net profit

Redington (India) has reported results for second quarter ended September 30, 2018.

The company has reported a fall of 27.70% in its net profit at Rs 48.01 crore for the quarter under review as compared to Rs 66.40 crore for the same quarter in the previous year. However, total income of the company increased by 11.70% at Rs 4,213.74 crore for Q2FY19 as compared Rs 3,772.42 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 6.63% in its net profit at Rs 105.13 crore for the quarter under review as compared to Rs 112.60 crore for the same quarter in the previous year. However, total income of the company increased by 10.82% at Rs 11,132.29 crore for Q2FY19 as compared Rs 10,045.57 crore for the corresponding quarter previous year.

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