Latest news with #V.S
Time of India
20-05-2025
- Business
- Time of India
Redington shares in focus after Q4 profit jumps 183% YoY on broad-based demand
Redington shares will be in focus on Tuesday after the technology solutions provider reported a sharp 183% year-on-year (YoY) rise in net profit for the March quarter, driven by strong demand across markets. The company posted a consolidated net profit of Rs 917.7 crore for Q4 FY25, compared to Rs 323.9 crore in the same period last year. Revenue rose 17.9% YoY to Rs 26,439.7 crore from Rs 22,433.4 crore in Q4 FY24. EBITDA for the quarter rose 30% to Rs 596.9 crore, while margins improved to 2.3% from 2% a year ago, reflecting operational efficiencies. Also Read: Street Favourite! SBI, Tata Motors among 10 large-cap stocks analysts expect to rally up to 32% For the full year ended March 31, 2025, Redington reported record consolidated revenue of Rs 99,562 crore, up 11% YoY. Normalised profit after tax (excluding one-time divestment gain) stood at Rs 1,340 crore, marking a 10% YoY increase. The company's growth was supported by broad-based demand. In Q4, revenue in India rose 26% YoY, while the UAE market grew by 24%. Redington also saw solid traction in Saudi Arabia and Africa, aided by enhanced go-to-market capabilities and expanded brand partnerships. V.S. Hariharan, Group CEO of Redington Ltd. , commented, "Building on the momentum from Q3, our Q4 results reaffirm Redington's commitment to profitable growth and market leadership. This year, we've achieved stable growth across all business units and geographies. Our focus on strategic markets, both established and emerging, has delivered sustainable results." Redington's cloud business continued its robust growth trajectory, increasing by 41% YoY in Q4 FY2025. The company's Technology Solutions Group (TSG) grew by 28% YoY, driven by large deal wins and new software brand contracts. Also Read: Crompton Greaves, Delhivery among 10 mid-cap stocks analysts expect to rally up to 53% Redington's board has recommended a final dividend of Rs 6.80 per equity share, representing 39.5% of FY25 consolidated profits (excluding the one-time gain), subject to shareholder approval at the upcoming AGM. A Fortune India 500 company, Redington operates in over 40 markets with 450+ brand associations and a network of more than 70,000 channel partners. Its product portfolio spans IT, telecom, lifestyle, and solar segments, offering end-to-end distribution and technology solutions. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The Hindu
17-05-2025
- General
- The Hindu
Peepal tree obstructing traffic in Vijayawada translocated
A 30-year-old peepal tree, obstructing traffic at Gollapudi One Centre, was translocated by the horticulture wing of the Amaravati Development Corporation (ADC) on Saturday (May 17). Lifted and carried by a crane, it was planted near a bus shelter nearby to provide shade to the public. ADC horticulture wing head V.S. Dharmaja supervised the translocation, facilitated by the traffic police. Translocation is done to mitigate the harm to the environment caused by removal of trees. Trees are uprooted and rehabilitated elsewhere instead of discarding them to wither away. Peepal trees are considered by Hindus as sacred, and they have medicinal properties also. Devotees walk around these trees (circumambulation) on auspicious occasions.
Al Etihad
03-05-2025
- Al Etihad
Six killed, dozens injured in India temple stampede
3 May 2025 11:45 NEW DELHI (REUTERS)At least six people were killed and 55 were injured in a stampede at an Indian temple in the western coastal state of Goa where hundreds of devout Hindus had assembled, police officials said on stampede occurred on Friday night during the annual Shri Lairai Zatra festival in Shirgao village, which is popular for its events including fire-walking."Devotees were witnessing a religious ceremony and the frenzy caused during the rituals triggered a stampede," said V.S. Chadonkar, a police officer in Goa's state capital Panjim."Six people lost their lives and at least eight were critically injured," he said. Stampedes during large Hindu religious gatherings are routinely reported in India, as huge crowds gather in tight spaces often ignoring safety protocol.
Asharq Al-Awsat
03-05-2025
- Asharq Al-Awsat
Dozens Killed and Injured in India Temple Stampede
At least six people were killed and 55 were injured in a stampede at an Indian temple in the western coastal state of Goa where hundreds of devout Hindus had assembled, police official said on Saturday. The stampede occurred on Friday night during the annual Shri Lairai Zatra festival in Shirgao village, which is popular for its events including fire-walking, Reuters reported. "Devotees were witnessing a religious ceremony and the frenzy caused during the rituals triggered a stampede," said V.S. Chadonkar, a police officer in Goa's state capital Panjim. "Six people lost their lives and at least eight were critically injured," he said. Stampedes during large Hindu religious gatherings are routinely reported in India, as huge crowds gather in tight spaces often ignoring safety protocol.
Business Recorder
03-05-2025
- Business Recorder
Six killed, dozens injured in India temple stampede
NEW DELHI: At least six people were killed and 55 were injured in a stampede at an Indian temple in the western coastal state of Goa where hundreds of devout Hindus had assembled, police official said on Saturday. The stampede occurred on Friday night during the annual Shri Lairai Zatra festival in Shirgao village, which is popular for its events including fire-walking. 'Devotees were witnessing a religious ceremony and the frenzy caused during the rituals triggered a stampede,' said V.S. Chadonkar, a police officer in Goa's state capital Panjim. Dozens killed in India's Kumbh festival stampede, police sources and witness say 'Six people lost their lives and at least eight were critically injured,' he said. Stampedes during large Hindu religious gatherings are routinely reported in India, as huge crowds gather in tight spaces often ignoring safety protocol.
