Redington India Reports Surge in Quarterly Profit on Robust Cloud Demand

  Published 1 year ago

Redington (REDI.NS), Apple's distributor in India, posted a strong Q4 profit, driven by rising cloud and automation demand. Profit before exceptional items rose to ₹5.22 billion, and revenue surged 18% to ₹264.4 billion, with growth in South Asia and Africa boosting performance.

  • Cloud and automation saw the fastest growth.
  • One-time gain from Turkey unit divestment.
  • South Asia revenue jumped 25%.
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