Redington India, one of the two distributors for Apple products in India, gained over 16 per cent on Tuesday following the announcement of its March quarter numbers.
Redington India reported a net profit of Rs 138 crore on sales of Rs 10,474 crore in Q4, surpassing expectations of Rs 126 crore profit on revenues of Rs 9,110 crore, according to brokers polled by NDTV Profit.
Redington India had reported a net profit of Rs 123 crore on sales of Rs 8,202 crore in the March quarter of FY15.
Redington India's EBITDA or operating profit increased 5 per cent to Rs 221 crore compared to Rs 211 crore in the year-ago quarter.
Redington India's shares closed 10.97 per cent higher at Rs 120.85 apiece compared to 0.30 per cent gain in the broader Sensex.
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