Redington (India) Ltd. elevated Raj Shankar, deputy managing director as the joint managing director of the company.

Redington (India) Limited announced unaudited consolidated and standalone earnings results for the fourth quarter ended March 31, 2013 and audited earnings results for the year ended March 31, 2013. For the quarter, on consolidated basis, the company reported net profit after tax of INR 1,048.3 million or INR 2.62 diluted earnings per share on total income from operations of INR 68,077.8 million compared to net profit after tax of INR 1,020.9 million or INR 2.55 diluted earnings per share on total income from operations of INR 54,920.2 million for the corresponding period last year. Profit from operations before other income and finance cost was INR 1,734.0 million against INR 1,784.8 million of prior year period. For the year, the company reported net profit after tax of INR 3,231.1 million or INR 8.08 diluted earnings per share on total income from operations of INR 241,646.6 million compared to net profit after tax of INR 2,927.4 million or INR 7.34 diluted earnings per share on total income from operations of INR 211,929.9 million for the last year. Profit from operations before other income and finance cost was INR 5,993.4 million against INR 5,733.4 million of prior year. For the quarter, on standalone basis, the company reported net profit after tax of INR 439.1 million or INR 1.10 diluted earnings per share on total income from operations of INR 27,447.7 million compared to net profit after tax of INR 505.7 million or INR 1.27 diluted earnings per share on total income from operations of INR 23,815.7 million for the same period last year. Profit from operations before other income and finance cost was INR 820.2 million against INR 916.2 million of prior year period. For the year, on standalone basis, the company reported net profit after tax of INR 1,713.7 million or INR 4.29 diluted earnings per share on total income from operations of INR 104,096.7 million compared to net profit after tax of INR 1,568.1 million or INR 3.93 diluted earnings per share on total income from operations of INR 98,404.0 million for the last year. Profit from operations before other income and finance cost was INR 2,879.2 million against INR 2,796.1 million of prior year.

Redington (India) Ltd. announced that the Board of Directors of the company at its meeting held on May 22, 2013, have recommended INR 0.40 per equity share of INR 2 each or 20% on the paid up share capital of the company as dividend for the financial year ended March 31, 2013. The dividend shall be paid/dispatched on or before August 30, 2013.