For Redington<\/a>, which distributes electronic products made by Apple<\/a> and Dell<\/a> among others, consolidated profit slipped to 3.8 billion rupees ($46.4 million) for the quarter ended Dec. 31.
Companies across the globe have had to battle higher transportation and raw material costs as the Russia-Ukraine war led to an increase in the prices of several major commodities.
Redington's expenses rose about 32% to 212.2 billion rupees, narrowly outpacing a near-31% jump in revenue from operations to a record 216.74 billion rupees.
The company said revenue from Singapore, India and South Asia (SISA) increased nearly 29%, while that from the rest of the world, including the Middle East, Turkey, and Africa, rose around 32%.
Chennai-based Redington's topline went up even as the gadget distributor cautioned demand for remote-working equipment likely declined with people gradually returning to offices.
High inflation<\/a> and interest rates as well as weaker currencies in markets where Redington operates posed further challenges.
Redington shares, which rose 25% in 2022 and 2% last month, closed over 1% lower at 182.65 rupees on Wednesday.
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