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Prabhudas Lilladher Report
Redington India Ltd. delivered strong result in Q4 FY21 with led by strong growth in India business.
In India, there is strong demand for security, collaboration, mobility and cloud.
Though there may be near term softness in India due to Covid-19, management expects strong pent up demand led recovery in H2 FY22.
Growth in overseas business picked up led by Middle East, Turkey and Africa region.
There is strong demand led by government information and communication technology spending in Middle East and Africa and in areas such as Internet of Things, artificial intelligence and cyber security.
Strong revenue growth leverage and cost optimization efforts led to all-time high margins in Q4 FY1.
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