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| Exchange Disseminated Time 24/05/2016 13:10:35 | Redington (India) Ltd has announced the following results for the quarter & year ended March 31, 2016
The Unaudited Standalone results for the Quarter ended March 31, 2016
The Company has posted a profit after tax of Rs. 399.50 million for the quarter ended March 31, 2016 where as the same was at Rs. 480.10 million for the quarter ended March 31, 2015. Total Income is Rs. 36284.30 million for the quarter ended March 31, 2016 where as the same was at Rs. 30190.00 million for the quarter ended March 31, 2015.
The Audited Standalone results for the Year ended March 31, 2016
The Company has posted a profit after tax of Rs. 1889.00 million for the year ended March 31, 2016 where as the same was at Rs. 1819.60 million for the year ended March 31, 2015. Total Income is Rs. 126758.70 million for the year ended March 31, 2016 where as the same was at Rs. 120703.80 million for the year ended March 31, 2015.
The Consolidated Results are as follows:
The Unaudited Consolidated results for the Quarter ended March 31, 2016
The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1375.60 million for the quarter ended March 31, 2016 where as the same was at Rs. 1225.90 million for the quarter ended March 31, 2015. Total Income is Rs. 104917.10 million for the quarter ended March 31, 2016 where as the same was at Rs. 82211.10 million for the quarter ended March 31, 2015.
The Audited Consolidated results for the Year ended March 31, 2016
The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 4256.60 million for the year ended March 31, 2016 where as the same was at Rs. 3865.30 million for the year ended March 31, 2015. Total Income is Rs. 354763.30 million for the year ended March 31, 2016 where as the same was at Rs. 316226.80 million for the year ended March 31, 2015.
- Pursuant to the scheme of amalgamation of Nook Micro Distribution Limited (Nook)-an wholly-owned subsidiary ("transferor Company”) with the Company, as sanctioned by the Honorable High court of Madras vide their order dated March 11, 2016, the assets and liabilities of the transferor Company were transferred to and vested with the Company with effect from the appointed date, April 01, 2015. The effective date of amalgamation is April 15, 2016, on which date all the relevant requirements under the Companies Act, 2013 have been complied with. The accounting for Amalgamation has been done under Pooling of Interest Method in accordance with Accounting Standard-14.
Consequent to giving effect to the Scheme during the Quarter Ended March 31, 2016, the figures for this Quarter on a standalone basis include twelve months figures relating to Nook.
Consequently the standalone figures of current Quarter are not comparable with those relating to Quarters Ended December 31, 2015 and March 31, 2015 and current year with those relating to previous year. |
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