Redington nets over Rs 100 cr profit

Mumbai, May 18: IT end-to-end supply chain solutions provider, Redington India's profit for the financial year 2006-07 has crossed Rs 100 crore mark.

Redington has recorded a 37 per cent increase in net profit at 101.7 crore for the fiscal ended March 31, and announced dividend of 25 per cent on its shares, the company said in a statement here today.

Shareholder equity has increased to Rs 625.61 crore due to its recent IPO and the significant growth in its profit. The consolidated EPS has increased from Rs 12.23 per share to Rs 15.36 per share during the current year.

The company came out with its IPO in January this year and issued 1.32 crore equity shares at the price of Rs 113 per share, aggregating Rs 149.51 crore.

UNI