Redington Posts 16% Rise in Net Profit, Driven by Cloud and Tech Solutions Growth in Q3 Results
2025-02-05
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Redington Ltd has reported a 16% increase in net profit, driven by strong growth in cloud and technology solutions. The company's EBITDA grew 16.5% year-over-year to ₹602.4 crore in Q3 FY25, demonstrating a significant boost in its operations. This growth is attributed to the rising demand for cloud computing and technology solutions, which has become a key driver for the company's success. Shares of Redington Ltd reflected this positive trend, ending at ₹214.70, up by ₹12.05, or 5.95%, on the BSE, indicating a strong investor confidence. With the IT industry continuing to expand, Redington is well-positioned to capitalize on emerging trends, including digital transformation and cybersecurity solutions.
