Apple Inc's plans to open single-brand stores in India may be facing a roadblock currently, but being the largest distributer of Apple products, Krishnan says Redington is still at an advantage as Apple plans to increase market share in the country.
Redington (India) saw a stable growth in third quarter ended December, 2015. The revenues were up in the quarter by 7.4 percent at Rs 9,003 crore versus Rs 8,380 crore for the same quarter in the earlier fiscal.
The company posted a 5.49 percent jump in consolidated net profit at Rs 81.15 crore for Q1.
S V Krishna, chief financial officer, Redington, says the company- that is the distributor of Apple products in India, saw a 22 percent growth in Q3 revenues.
SV Krishnan, chief financial officer, Redington India says the telecom product distribution firm‘s international business has been affected by the geopolitical crises in the middle east and by the Ebola breakout.
In an interview to CNBC-TV18, SV Krishnan, CFO of Redington India says that he expects better performance in the second quarter going forward.
Raj Shankar, Deputy MD, Redington India said that the margin might get impacted going forward due to pricing pressure.
Raj Shankar, deputy managing director, Redington India says the new refinance terms allows for the loan to be repaid at LIBOR plus 3.5 percent instead of 3.5 percent as was earlier.
In an interview to CNBC-TV18, SV Krishnan, the CFO of Redington India says it’s been a good set of numbers led by strong overseas performance that the company has managed to maintain this quarter.
Redington India has declared its second quarter results. In an interview to CNBC-TV18, SV Krishnan, chief financial officer of Redington India says, he expects good growth in FY12. He says, the company expects to maintain 24% profit after tax (PAT) growth going forward.
Redington India has invited a representative of Standard Chartered to their board. With a 12% stake, StanChart is the largest private equity stakeholder in the company.
R Srinivasan, MD of Redington India, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, said that the two major shareholders Synnex from Taiwan and Kewalram Chanrai Group from Singapore pared down their stakes in the company and StanChart Private Equity would be the likely buyer.
Raj Shankar, deputy managing director of Redington, in an interview with CNBC-TV18, talked about the latest happenings in the company.
In an interview with CNBC-TV18, SV Krishnan, CFO, Redington India said the company is doing very well. “We closed the last financial year with very good growth in terms of revenue as well as in terms of earnings. The outlook also looks positive,” he added.
In an interview with CNBC-TV18, SV Krishnan, CFO, Redington India says, the outlook for the current year looks interesting. He further says, the company would either be able to maintain, or if possible even outdo the current margins.