Fantastic Pick ! its a cash generating machine. Redington announced results with 50% increase in PAT and 60% increase in EPS QoQ ! Compared to Q4FY20, their revenues have increased 15% and PAT has increased 85% ! Compared to full fiscal FY20, their Revenues are up by 11% and PAT 47 % ! Also in FY21 their total Free cash flow is Rs. 3360 cr and their OCF has tripled from last fiscal ! Valuation wise Rs. 370+ stock imho.
@VikasHedau, They had made a provision for this already in Q3 (which incidentally was also their highest reported profit until then) to the tune for 89cr and will wait for IT dept decision to see what else needs to be done. in Q4 they have far outdone their record setting Q3 profit and improved that by 60%.