Consolidated profit for the three months ended Sept. 30 jumped to 3.87 billion rupees ($46.76 million) from 3.07 billion rupees a year ago, the company said in a filing.
The iPhone retailer’s quarterly revenue rose to 190.51 billion rupees from 152.87 billion rupees a year earlier, according to the filing. Apple, its main supplier, accounts for 27% of revenue.
The distribution business in India continues to show double-digit growth, according to Redington. The company also handles Singapore, Turkey, the Middle East and the African continent. Meanwhile, the share of revenue from mobile devices increased to 25% from 23% last year.
The pandemic has benefited companies like Redington, which sells everything from smartphones to personal computers and software, to consumers and businesses in 38 countries, as it has driven a surge in demand, with most businesses embracing working from home.
Earnings before interest, taxes, depreciation and amortization (EBITDA), or core earnings, rose nearly 23 percent to 5.62 billion rupees, the company said in an investor presentation.
Redington shares rose as much as 11.2% to Rs 152.70 after the results.
($1 = 82,7600 Indian rupees)
