Nov 12, 2020 / 12:00PM GMT
Raj Shankar - Redington(India)Limited-MD&Vice Chairman
Good evening to all those joining from India. And thank you for taking the time to be with us on this earnings call. Q2 for us has been a good quarter. As you would have observed, at the consolidated level, our revenue grew by 12%, EBITDA by 18% and the profit after tax by 35%. So what is very gratifying is in a COVID period, we have managed to deliver our earnings growth being much stronger compared to the revenue growth. Now if you disaggregate this between distribution and services, at a global level, the distribution business grew its profit by 37%, while the revenue growth was 12% and EBITDA growth of 26%. Now as you unpack this between various regions as in India and overseas, both the theaters have shown good set of results. As far as India is concerned, we grew our top line by 8% and our bottom line by 37%. Now our EBITDA grew by 7%, largely on account of the services business, but when you look at India distribution in isolation, our EBITDA grew by 3%, whilst our profit
Q2 2021 Redington (India) Ltd Earnings Call Transcript
Nov 12, 2020
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