Q1 2023 Redington (India) Ltd Earnings Call Transcript

Aug 04, 2022 / 03:30AM GMT
Operator

Ladies and gentlemen, good morning, and welcome to Redington India Limited Q1 FY '23 Earnings Conference Call. (Operator Instructions). Please note that this conference is being recorded.

I now hand the conference over to Mr. Rajiv Srivastava, Managing Director, Redington India Limited. Thank you, and over to you, sir.

Rajiv Srivastava - Redington(India)Limited-MD&Additional Director

Good morning, everyone, and welcome to our call for quarter 1. You would have seen our numbers that were disseminated yesterday, and we are pleased to report another strong quarter of sales and operating margin growth.

Redington achieved record revenue and operating margin for any first quarter of the year as our continued investments in technology capabilities, partner relationships, and our comprehensive breadth of offerings begins to pay off. You would have seen that on a global basis, our revenues have grown by 25%. This is on a net accounting basis. On gross, it will be 27%, while our

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