Redington Slumps 7% Despite Profit Rise

  Published 11 months ago

Redington shares fall 7.3% as EBITDA margin dips, despite 12% Q1 profit growth and 36% YTD stock surge.

  • Q1 consolidated net profit up ~12%, but EBITDA margin (ex-Turkey) drops to 2.09% from 2.34%.
  • Stock heads for worst day since Feb 28; still up ~36% year-to-date despite sharp intraday decline.
  • Analysts maintain a “buy” rating on average, with a median price target of 250 rupees per LSEG data.

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