Good set of numbers from Redington. See the results here.
Key takeaways:
- Q1FY23 – On a Global basis, Revenue grew by 25% while EBITDA grew by 34% and PAT grew by 33%
- Negative FCF generation of Rs. 23,167mn for Q1FY23 due to higher WC utilisation.
- WC days for Q1FY23 stood at 28 days as against 18 days in Q1FY22 - would be interesting to note the reason for sudden spike in working capital days.
- Gross Debt to Equity was at 0.2x and Net Debt to Equity was at (0.1x).
AJ
Disclosure: Remain invested.
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