Redington India: Board recommends dividend

Dnyanada Kulkarni
/ Categories: Trending, DSIJ News
Redington India: Board recommends dividend

Redington (India) Limited showcased PAT growth of 20 per cent and recommended dividend of Rs. 3.30 per share for the March quarter. This constitutes 165 per cent on the face value of Rs. 2 per share.

Upon receiving the requisite approvals from the members at the upcoming Annual General Meeting (AGM) on July 30, 2019, the payment of dividend will begin from August 27, 2019. The record date the same is fixed as July 23, 2019.

On the financial front, the consolidated total income from operations increased to Rs. 12,582.68 crore in Q4FY19 from Rs. 11,314.04 crore in Q4FY18, posting a YoY growth of 11.21 per cent. EBITDA rose 10.06 per cent YoY to Rs. 255.40 crore in Q4FY19 from Rs. 232.06 crore in Q4FY18. Net Profit increased to Rs. 172.48 crore in Q4FY19 from Rs. 143.53 crore in Q4FY18, thereby rising 20.17 per cent. EPS soared to Rs. 4.34 in Q4FY19 from Rs. 3.58 in Q4FY18, marking an increase of 21.23 per cent.

On Thursday, the shares of Redington (India) opened at Rs. 101.00, and hit a high and low of Rs. 101.00 and Rs. 94.80, respectively. The stock closed at Rs. 95.30, up 2.58 per cent.

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