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77% PAT Growth in Q1 FY27; India Revenue Surges 63% Amid Strong Operating Leverage
Redington reported an exceptional Q1 FY27 with consolidated revenue growing 34% YoY to ₹34,966 cr and PAT surging 77% to ₹486 cr. The India business was the standout performer, with revenue up 63% and PAT up 60%, supported by ₹1,000 cr in large data center deals. Software Solutions Group (SSG) led business unit growth at 52%, while working capital efficiency improved from 37 to 32 days. Despite geopolitical headwinds in West Asia and losses in the Turkey business (Arena), the company demonstrated significant operating leverage as profit growth outpaced revenue.
Confidence: HIGH
What changedRedington has shifted from a period of margin pressure to achieving significant operating leverage, with profit growth now doubling revenue growth rates.
Why it mattersThe results validate Redington's strategy of diversifying into high-margin Software and Cloud services (SSG) while maintaining dominant market share in traditional IT distribution.
Q1 Consolidated Revenue: ₹34,966 crQ1 PAT Growth (YoY): 77%India Revenue Growth: 63%Working Capital Days: 32 daysQ1 Revenue vs TTM Revenue: 29.3%Large Data Center Deals (India): ₹1,000 cr
📅 Short termThe stock is likely to react positively to the substantial profit beat and improved working capital efficiency, especially given the seasonally low nature of the first quarter.
📈 Long termStructural growth in Cloud, AI PCs, and Data Centers in India provides a strong multi-year runway, though geopolitical risks in the META region remain a persistent monitorable.
⚠ Risk flags
- Geopolitical instability in West Asia impacting UAE and KSA markets
- Ongoing losses in Turkey (Arena) business (₹64 cr loss in Q1)
- Potential margin dilution from large-ticket enterprise deals
Key Highlights
Consolidated PAT grew 77% YoY to ₹486 cr, significantly outpacing revenue growth of 34% (₹34,966 cr).
India business revenue surged 63% YoY, driven by strong demand in Mobility and ₹1,000 cr in large data center deals.
Software Solutions Group (SSG) recorded the highest growth among units at 52% YoY, increasing its contribution to 17% of top line.
Working capital cycle improved to 32 days from 37 days in Q1 FY26, reflecting disciplined execution.
AI PCs accounted for 36% of endpoint revenue in India, highlighting a shift toward premium, high-spec technology.
👀 What to Watch
Monitor the turnaround strategy for the Turkey business (Arena) which reported a ₹64 cr loss, and track the sustainability of the high-growth Software Solutions Group. Watch for any margin dilution in future quarters as the company pursues more large-ticket data center deals.
₹34,966 Cr Revenue: Redington Reports Record Q1 FY27 with 77% PAT Jump
Redington delivered its highest-ever quarterly performance in Q1 FY27, with consolidated revenue reaching ₹34,966 crore, a 34% YoY increase. Profit After Tax (PAT) grew significantly faster than revenue, jumping 77% YoY to ₹486 crore. The growth was primarily driven by the India market, which saw a 63% revenue surge and a 60% increase in PAT. The company benefited from large enterprise deals and higher PC realizations due to industry-wide memory supply constraints.
Confidence: HIGH
What changedRedington achieved record-breaking quarterly revenue and profit, with PAT growth (77%) significantly outpacing revenue growth (34%) for the first time in recent quarters.
Why it mattersThe results indicate a successful shift toward high-growth segments like Cloud, Cybersecurity, and AI-enabled solutions, which are less commoditized than traditional hardware distribution.
Q1 FY27 Revenue: ₹34,966 croreQ1 FY27 PAT: ₹486 croreRevenue vs TTM Revenue: 29.3%India Revenue Growth: 63% YoYPAT Margin: 1.4%
📅 Short termThe stock is likely to react positively to the significant earnings beat and the 77% jump in profitability compared to the previous year.
📈 Long termThe company's focus on 'Services & Solutions' and Cloud (SSG) is a structural positive that could lead to better margin profiles over the next 3 years if execution remains consistent.
⚠ Risk flags
- Thin net margins (1.4%) leave little room for operational errors
- Geopolitical uncertainty in the MEA region
- Potential normalization of PC realizations as memory supply constraints ease
Key Highlights
Highest-ever quarterly revenue of ₹34,966 crore, representing 34% YoY growth
PAT excluding exceptional items reached ₹486 crore, up 77% YoY
India business revenue grew 63% YoY, supported by large enterprise and data-center deals
Software Solutions Group (SSG) and Technology Solutions Group (TSG) grew by 52% and 50% YoY respectively
Middle East and Africa (MEA) revenue grew 15% YoY despite geopolitical uncertainties
👀 What to Watch
Investors should monitor the sustainability of the 63% growth in the India segment and whether the shift toward high-margin Software Solutions (SSG) can structurally improve the company's thin 1.4% PAT margins.
77% PAT Growth in Q1FY27; Redington Reports Highest Ever Quarterly Revenue and Profit
Redington delivered a robust Q1FY27 performance with revenue growing 34% YoY to ₹34,966 Cr, driven by a 63% surge in the SISA (Singapore, India & South Asia) region. Profitability significantly outpaced revenue growth, with PAT rising 77% YoY to ₹486 Cr, marking the company's highest-ever quarterly profit. Operational efficiency improved as working capital days reduced from 37 to 32 days YoY. The high-margin Software Solutions Group (SSG) continues to be a key growth driver, increasing 52% YoY to ₹5,962 Cr.
Confidence: HIGH
What changedRedington reported record-breaking quarterly financial results for Q1FY27, characterized by significant profit expansion and improved capital efficiency.
Why it mattersThe results validate Redington's strategic shift toward high-margin software and cloud services (SSG), which is helping improve overall ROCE (22.2%) despite the low-margin nature of traditional IT distribution.
Q1FY27 Revenue: ₹34,966 CrQ1 Revenue vs TTM Revenue: ~29.3%YoY PAT Growth: 77%Working Capital Days: 32 daysROCE: 22.2%Top Vendor (Apple) Revenue Share: 31%
📅 Short termThe stock is likely to react positively to the 'highest ever' revenue and profit figures, alongside the sharp improvement in working capital management.
📈 Long termThe structural shift toward Software-as-a-Service and Cloud (SSG) is scaling rapidly, which could lead to a long-term re-rating as the business mix moves away from pure hardware distribution.
⚠ Risk flags
- High vendor concentration with Apple at 31% of revenue
- Geopolitical challenges impacting ROW segment growth
- Currency volatility in international markets
Key Highlights
Achieved highest-ever quarterly revenue of ₹34,966 Cr, up 34% YoY
PAT grew 77% YoY to ₹486 Cr, representing ~38% of the previous TTM PAT
SISA region revenue grew 63% YoY to ₹21,138 Cr, contributing 60% of global revenue
Working capital cycle improved by 5 days YoY to 32 days
Software Solutions Group (SSG) revenue grew 52% YoY to ₹5,962 Cr
👀 What to Watch
Monitor the sustainability of the 63% growth in the India/SISA market and the continued margin expansion in the Software Solutions Group. Watch for any recovery in the ROW segment, which saw slower 6% revenue growth due to geopolitical challenges.
Redington Q1 FY27 PAT Jumps 94.6% YoY to ‡453.5 Cr; Revenue Up 34.6%
Redington Limited reported a strong start to FY2026-27, with consolidated revenue growing 34.6% YoY to ‡34,922.5 Cr. Net profit (PAT) surged 94.6% YoY to ‡453.5 Cr, significantly outperforming the ‡233.0 Cr reported in Q1 FY26. The growth was primarily driven by the SISA (South Asia) segment, which saw revenue jump 62.6% YoY. Despite higher finance costs of ‡89.3 Cr, the company maintained robust bottom-line growth with an EPS of ‡6.22 for the quarter.
Confidence: HIGH
What changedRedington has delivered a sharp recovery in profitability and top-line growth compared to the relatively flat performance seen in FY26, with Q1 FY27 PAT already reaching ~35% of the entire TTM PAT.
Why it mattersAs a major IT and mobility distributor, Redington's strong performance indicates robust demand in the South Asian enterprise and consumer tech markets. The significant jump in PAT despite thin margins (typical for trading) suggests improved operational efficiency or a better product mix.
Consolidated Revenue (Q1 FY27): ‡34,922.47 CrConsolidated PAT (Q1 FY27): ‡453.49 CrYoY Revenue Growth: 34.6%YoY PAT Growth: 94.6%SISA Revenue Contribution: 60.5%Quarterly EPS: ‡6.22
📅 Short termThe stock is likely to react positively in the short term due to the substantial beat in PAT and strong revenue momentum, especially in the domestic (SISA) market.
📈 Long termThe long-term outlook depends on the company's ability to transition from a pure hardware distributor to a higher-margin 'Services & Solutions' provider and managing the inherent risks of a low-margin, high-volume business.
⚠ Risk flags
- Thin operating margins (typical for the industry)
- Rising finance costs (‡89.34 Cr)
- Significant inventory buildup (‡3,161.55 Cr change)
Key Highlights
Consolidated Revenue from operations increased to ‡34,922.47 Cr, a 34.6% growth over Q1 FY26.
Consolidated PAT rose to ‡453.49 Cr, nearly doubling from ‡232.98 Cr in the previous year's corresponding quarter.
SISA (South Asia) segment revenue grew to ‡21,126.29 Cr from ‡12,994.89 Cr YoY.
Finance costs increased by 24% YoY to ‡89.34 Cr, reflecting higher working capital utilization or interest rates.
Inventory levels increased significantly, with a ‡3,161.55 Cr change in inventories of traded goods during the quarter.
👀 What to Watch
Investors should monitor the sustainability of the high growth in the SISA segment and the management's progress in shifting the mix toward high-margin Cloud and Services (SSG). Watch for any impact of currency volatility in the ROW (Rest of World) segment, which showed more moderate growth.
$150 Million Opportunity: Redington Signs 5-Year Strategic Deal with Resulticks for AI Solutions
Redington has entered into a 5-year strategic partnership with Resulticks to distribute AI-driven audience engagement solutions across India, the Middle East, and South East Asia (SESA). The collaboration targets a total market opportunity exceeding $150 million (approx. ₹1,250 Cr) over the five-year period. This move is part of Redington's strategy to transition from a traditional hardware distributor to a 'technology orchestrator' focusing on high-margin software and cloud services. While the annualized revenue potential is small (~0.21%) relative to Redington's TTM revenue of ₹1,19,163 Cr, it aligns with the company's goal to improve its 1.9% operating margins.
Confidence: HIGH
What changedRedington has expanded its portfolio into AI-driven customer engagement software through a long-term strategic distribution and orchestration agreement with Resulticks.
Why it mattersThe partnership targets the high-growth AI software market, which offers higher margins than traditional IT hardware distribution, supporting Redington's long-term strategy to diversify its revenue mix and improve profitability.
Partnership Duration: 5 yearsTotal Market Opportunity: >$150 millionAnnualized Opportunity (Est.): ~$30 million (₹250 Cr)Opportunity vs TTM Revenue: ~0.21%TTM Revenue: ₹1,19,163 Cr
📅 Short termThe announcement is sentiment-positive as it reinforces Redington's 'Unlock Next' strategy, though immediate financial impact will be negligible given the company's massive revenue base.
📈 Long termStructurally significant as it builds the Services & Solutions Group (SSG) portfolio, which is intended to be a primary profitability contributor in the future.
⚠ Risk flags
- Execution risk in scaling specialized software sales through a broad distribution channel
- High competition in the AI-driven marketing technology space
Key Highlights
5-year strategic relationship established for market expansion in India, Middle East, and SESA regions.
Targeting a total market opportunity of more than $150 million (approx. ₹1,250 Cr) over the 5-year term.
Focus on AI-driven real-time audience engagement solutions to drive digital transformation.
Joint investments planned for partner enablement, demand generation, and ecosystem development.
Collaboration to be led jointly from three global hubs: Dubai, India, and Singapore.
👀 What to Watch
Monitor the revenue contribution and margin profile of the Services & Solutions Group (SSG) in future quarterly reports to evaluate the success of this high-margin software pivot.
Redington Earns Microsoft Frontier Distributor Designation for AI and Cloud Services
Redington Limited has achieved the 'Frontier Distributor' designation within the Microsoft AI Cloud Partner Program, a status reserved for elite distributors globally. This designation provides Redington with enhanced access to Microsoft's AI resources, incentives, and technical architecture expertise across India, the Middle East, Turkey, and Africa. While no specific contract value was disclosed, the move supports Redington's strategy to pivot toward high-margin cloud and software services to offset its thin 1.9% operating margins. This is particularly relevant given the company's massive TTM revenue of Rs 1,19,163 Cr and its focus on the high-growth META region.
Confidence: HIGH
What changedRedington has been elevated to a top-tier Microsoft distribution partner, granting it specialized resources and incentives for AI and Cloud products that were previously unavailable.
Why it mattersIn a high-volume, low-margin distribution business, securing elite status with a major vendor like Microsoft is critical for maintaining competitive moats and shifting the product mix toward higher-margin software and AI services.
TTM Revenue: Rs 119163 CrOperating Profit Margin: 1.9%Market Cap: Rs 18642 CrAnnouncement Date: July 06, 2026
📅 Short termThe news is likely to be viewed positively by the market as it aligns Redington with the global AI growth narrative, though immediate financial impact will be minimal.
📈 Long termThis is a structural positive that strengthens Redington's position in the cloud ecosystem, supporting its long-term goal of 10-12% growth through value-added services.
⚠ Risk flags
- Execution risk in scaling complex AI solutions
- Dependence on Microsoft's ecosystem and incentive structures
Key Highlights
Earned the elite Frontier Distributor designation within the Microsoft AI Cloud Partner Program on July 06, 2026.
Gains enhanced access to Microsoft programs, incentives, and solution architecture for AI and cloud adoption.
Targets partner enablement across key markets including India, Middle East, Turkey, and Africa.
Aligns with the company's Services & Solutions Group (SSG) which previously saw triple-digit growth in the META region.
Focuses on accelerating AI-driven transformation for small and medium-sized businesses (SMBs).
👀 What to Watch
Monitor the 'Services & Solutions Group' (SSG) revenue contribution in upcoming quarterly results to see if this elite partnership translates into higher operating margins beyond the current 1.9%.
Rs 1,19,347 Cr Revenue in FY26: Redington Reports 20% YoY Growth in Investor Data Book
Redington Limited released its comprehensive Investor Data Book for FY23-FY26, reporting a consolidated revenue of Rs 1,19,347 Cr for FY26, a 20% increase over FY25. Consolidated PAT grew 17% YoY to Rs 1,565 Cr, supported by a strong 30% revenue surge in the SISA (South Asia) region. Working capital efficiency improved slightly to 34 days from 36 days in the previous year. However, Net ROCE moderated to 19.8% in FY26 compared to 21.1% in FY25, reflecting the thin-margin nature of the distribution business.
Confidence: HIGH
What changedThe company has consolidated and released four years of granular performance data, confirming full-year FY26 results and segment-wise shifts.
Why it mattersThe data confirms Redington's ability to scale its top line significantly (crossing Rs 1.1 lakh crore) while maintaining working capital discipline, despite operating in a low-margin environment.
FY26 Consolidated Revenue: Rs 1,19,347 CrFY26 Consolidated PAT: Rs 1,565 CrSISA Revenue Growth: 30% YoYFY26 Net ROCE: 19.8%Working Capital Days: 34 daysRevenue vs Market Cap: 6.35x
📅 Short termThe stock may see positive sentiment due to strong top-line and bottom-line growth figures and improved working capital efficiency reported for the full year.
📈 Long termStructural growth is driven by the SISA region and Mobility segment; however, long-term re-rating depends on the successful transition to higher-margin services and cloud segments.
⚠ Risk flags
- Thin operating margins (OPM ~2%)
- Slight decline in Net ROCE from 21.1% to 19.8%
- High sensitivity to global supply chain and currency volatility in the ROW segment
Key Highlights
Consolidated Revenue reached Rs 1,19,347 Cr in FY26, representing a 20% YoY growth from Rs 99,562 Cr.
SISA region revenue grew by 30% YoY to Rs 65,060 Cr, significantly outperforming the ROW region's 10% growth.
Consolidated PAT for FY26 stood at Rs 1,565 Cr, up from Rs 1,340 Cr in FY25.
Working Capital cycle improved to 34 days in FY26, down from 36 days in FY25 and 40 days in FY24.
Mobility Solutions Group (MSG) emerged as a key driver with revenue of Rs 42,285 Cr, a 22.8% increase over FY25.
👀 What to Watch
Investors should monitor the growth trajectory of the high-margin Services & Solutions Group (SSG) and the sustainability of the 30% growth in the SISA region to offset thin overall operating margins.
Redington SSG Vertical Grows 29% to $2.2B; Targets Doubling Revenue in 3 Years
Redington's Software Solutions Group (SSG) achieved a revenue of $2.2 billion in FY26, growing 29% YoY in USD terms and contributing 17% to total revenue. The vertical is characterized by high predictability, with 74% of revenue being recurring, and management expects to double this business over the next three years. Key growth drivers include the cloud segment, which is growing at 40-50%, and an expansion into high-margin professional services. The company is also scaling its presence in ASEAN, CIS, and South African markets to capture a $515 billion global opportunity.
Key Highlights
SSG revenue reached $2.2 billion, representing 17% of the total group top line compared to 12% two years ago.
Cloud business is growing at a robust 40% to 50% rate, driven by focused tracking and investment.
Annuity-based recurring revenue increased to 74% of SSG's total, up from 72% in the previous year.
Professional services margins are in the high double digits, currently exceeding 20%.
Redington ranks as the #1 distributor in India and Middle East/Africa, and #8 globally according to Omdia.
👀 What to Watch
The shift from hardware distribution to software orchestration and services is a margin-accretive move that improves earnings quality. Investors should maintain a positive outlook as the company transitions toward a high-growth, recurring revenue model.
Redington to Host Virtual Investor Event on Transformation to Intelligent Orchestration
Redington Limited has scheduled a virtual investor event for June 17, 2026, from 11:00 a.m. to 01:00 p.m. IST to discuss its strategic transformation. The event, titled "From SOFTWARE DISTRIBUTION To INTELLIGENT ORCHESTRATION," will feature the MD & Group CEO, Finance Director, and Global SSG Head. The discussion aims to provide clarity on the company's evolving business model using publicly available information. This session is critical for understanding the company's shift toward high-value services and digital orchestration.
Key Highlights
Virtual investor event scheduled for June 17, 2026, between 11:00 a.m. and 01:00 p.m. IST.
Focus on the transformation journey from traditional software distribution to 'Intelligent Orchestration'.
Participation from top leadership including MD & Group CEO Hariharan V S and Finance Director Krishnan S V.
Event includes a panel discussion with the key leadership team to discuss strategic growth.
The session will also be accessible to international investors with BST and SGT time zones provided.
👀 What to Watch
Investors should attend or review the transcript of this event to understand how the shift to 'Intelligent Orchestration' will impact long-term margins and competitive positioning.
Redington Q4 FY26 Revenue Jumps 25% to ₹33,269 Cr; India PAT Surges 41%
Redington reported its best-ever quarterly performance in Q4 FY26, with consolidated revenue growing 25% YoY to ₹33,269 crores and full-year revenue reaching ₹119,347 crores. The India business was the primary driver, recording a massive 50% top-line growth and 41% PAT growth during the quarter. Despite geopolitical tensions in the Middle East impacting March performance, the company maintained a healthy ROCE of 22% and reduced working capital days to 30. The board recommended a dividend of ₹6 per share, representing a 30% payout ratio.
Key Highlights
Q4 FY26 revenue grew 25% YoY to ₹33,269 crores; Full-year FY26 revenue hit ₹1.19 lakh crores.
India business showed exceptional performance with 50% revenue growth and 41% PAT growth in Q4.
Software Solutions Group (SSG) now contributes 17% of total revenue, offering higher margins.
Working capital cycle improved to 30 days with a Return on Capital Employed (ROCE) of 22%.
Exceptional impairment loss of ₹75.2 crores recognized due to challenging economic conditions in Turkey (Arena).
👀 What to Watch
Investors should focus on the strong execution in India and the growing high-margin Software Solutions segment. While Middle East volatility is a short-term headwind, the improved working capital and ₹6 dividend provide a solid floor.
Redington FY26 Revenue Hits Record ₹1.19 Lakh Cr; Q4 Net Profit Up 16% YoY
Redington Limited reported a strong financial performance for FY26, with annual revenue crossing the ₹1.19 lakh crore mark, a 20% YoY increase. The fourth quarter was particularly robust, with revenue growing 25% to ₹33,269 crore and net profit rising 16% to ₹467 crore. The India business was a standout performer, delivering 50% revenue growth and 41% profit growth in Q4. The company is successfully transitioning into a technology solutions orchestrator, with high-growth segments like Software and Technology Solutions growing at 31% and 34% respectively.
Key Highlights
FY26 total revenue reached a record ₹119,347 crore, representing 20% year-on-year growth.
Q4 FY26 net profit grew 16% YoY to ₹467 crore with a net profit margin of 1.4%.
India business outperformed with 50% revenue growth and 41% net profit growth during Q4.
Software Solutions Group (SSG) grew 31% YoY, contributing 17% to the full-year revenue.
Technology Solutions Group (TSG) saw the highest segment growth at 34% YoY due to large enterprise deals.
👀 What to Watch
Investors should take note of the exceptional growth in the Indian market and the company's successful pivot toward high-margin software and cloud services. The stock remains a strong proxy for enterprise IT spending and digital transformation trends in India and emerging markets.
Redington Q4FY26: Revenue Jumps 25% to ₹33,269 Cr; SISA Region Leads Growth
Redington reported a robust 25% YoY revenue growth in Q4FY26, reaching ₹33,269 Cr, driven by a 48% surge in the SISA (Singapore, India, South Asia) region. Despite geopolitical tensions in West Asia impacting the ROW segment, the company achieved its highest-ever quarterly revenue and PAT (excluding Arena). An exceptional impairment loss of ₹152.3 Cr was recognized for its Turkey subsidiary, Arena, due to challenging economic conditions. Working capital efficiency improved significantly, with global WC days dropping to 30, and the logistics arm ProConnect surpassed the ₹1,000 Cr revenue milestone.
Key Highlights
Global Revenue for FY26 reached ₹1,19,347 Cr, marking a 20% YoY increase.
SISA region demonstrated exceptional momentum with Q4 revenue growth of 48% and PAT growth of 42%.
Recognized an exceptional impairment loss of ₹152.3 Cr related to the Arena (Turkey) investment.
Working capital cycle improved by 4 days YoY to 30 days globally, with Debt-to-Equity at 0.25x.
ProConnect Global achieved a milestone of ₹1,000 Cr revenue in FY26 with all-time high PAT.
👀 What to Watch
Investors should take confidence in the strong growth of the India and SISA markets, which are effectively offsetting volatility in the Turkey and West Asia segments. The improvement in working capital and low leverage provide a solid foundation for continued expansion.
Redington Recommends ₹6 Dividend; FY26 Revenue Grows 20% to ₹1.19 Lakh Crore
Redington Limited reported a robust 20% year-on-year growth in consolidated revenue for FY26, reaching ₹1,19,162.36 crore. Despite the top-line growth, consolidated net profit attributable to shareholders declined to ₹1,490.22 crore from ₹1,604.84 crore in FY25, largely due to an exceptional loss of ₹152.31 crore compared to a gain in the previous year. The Board has recommended a final dividend of ₹6 per share (300% of face value) and fixed July 3, 2026, as the record date. Additionally, the company has re-appointed S V Krishnan as Finance Director for a five-year term.
Key Highlights
Recommended a final dividend of ₹6 per equity share (300% of face value ₹2) for FY 2025-26.
Consolidated revenue for FY26 increased to ₹1,19,162.36 crore from ₹99,333.65 crore in FY25.
Consolidated PAT attributable to shareholders stood at ₹1,490.22 crore, a decline from ₹1,604.84 crore in the previous year.
Exceptional item resulted in a loss of ₹152.31 crore in FY26 versus a gain of ₹625.77 crore in FY25.
Fixed July 03, 2026, as the record date for dividend eligibility with payment within 30 days of the AGM.
👀 What to Watch
Investors should weigh the strong revenue growth against the margin pressure and the impact of exceptional items on profitability. The ₹6 dividend provides a steady yield, but long-term monitoring of bottom-line recovery is advised.
Redington FY26 Revenue Grows 20% to ₹1.19 Lakh Cr; Recommends ₹6 Final Dividend
Redington Limited reported a robust 20% YoY growth in consolidated revenue for FY26, reaching ₹1,19,162.36 crore. Consolidated Profit After Tax (PAT) for the full year stood at ₹1,284.15 crore, down from ₹1,820.62 crore in FY25, primarily due to a high base effect from a ₹625.77 crore exceptional gain in the previous year and a ₹152.31 crore exceptional loss in the current year. The company has recommended a final dividend of ₹6 per share (300% of face value) and re-appointed S V Krishnan as Finance Director for five years.
Key Highlights
Consolidated FY26 revenue increased by 20% YoY to ₹1,19,162.36 crore.
Recommended a final dividend of ₹6 per equity share for FY26, with a record date of July 03, 2026.
Q4FY26 consolidated PAT was ₹287.58 crore, impacted by an exceptional loss of ₹152.31 crore.
SISA (Singapore, India, South Asia) segment revenue for FY26 grew to ₹65,033.44 crore from ₹50,054.90 crore YoY.
Re-appointment of S V Krishnan as Whole-time Director (Finance Director) approved for a 5-year term.
👀 What to Watch
Investors should look past the headline PAT decline which was skewed by exceptional items and focus on the strong 20% top-line growth and healthy dividend yield. The stock remains a steady play on IT hardware and mobility distribution with consistent payout policies.
Redington Recommends ₹6 Final Dividend; FY26 Revenue Crosses ₹1.19 Lakh Crore
Redington Limited has recommended a final dividend of ₹6 per share (300% of face value) for FY 2025-26. The company reported a strong 20% year-on-year growth in consolidated revenue, reaching ₹1,19,162 crore. However, consolidated net profit for the full year declined to ₹1,284 crore from ₹1,820 crore in FY25, largely due to an exceptional loss of ₹152 crore versus a gain in the previous year. The record date for dividend eligibility is July 03, 2026.
Key Highlights
Recommended a final dividend of ₹6 per equity share (300% of face value) for FY26.
Annual consolidated revenue increased 20% YoY to ₹1,19,162.36 crore.
Consolidated PAT stood at ₹1,284.15 crore, impacted by a ₹152.31 crore exceptional loss.
Record date for dividend payment fixed as July 03, 2026.
Mr. S V Krishnan re-appointed as Finance Director for a five-year term until 2031.
👀 What to Watch
The stock remains attractive for income-seeking investors due to its consistent dividend payout and strong top-line growth. Investors should look past the exceptional items to focus on the robust 20% revenue expansion.
Redington FY26 Revenue Grows 20% to ₹1.19 Lakh Cr; Recommends ₹6 Dividend per Share
Redington Limited reported a robust 20% year-on-year growth in consolidated revenue for FY26, reaching ₹1,19,162.36 crore. Despite the top-line growth, consolidated profit attributable to shareholders declined to ₹1,490.22 crore from ₹1,604.84 crore in FY25, partly due to an exceptional loss of ₹152.31 crore. The company has maintained its shareholder-friendly stance by recommending a final dividend of ₹6 per share (300% of face value). Leadership remains stable with the re-appointment of S V Krishnan as Finance Director for a five-year term.
Key Highlights
Consolidated Revenue for FY26 increased by 20% YoY to ₹1,19,162.36 crore.
Recommended a final dividend of ₹6 per equity share with a record date of July 03, 2026.
Consolidated Profit After Tax (attributable to shareholders) stood at ₹1,490.22 crore for the full year.
SISA segment revenue grew to ₹65,033.44 crore, while ROW segment contributed ₹54,181.85 crore.
An exceptional loss of ₹152.31 crore was recorded in the consolidated results for the year.
👀 What to Watch
Investors should weigh the strong 20% revenue growth against the decline in net profit and the impact of exceptional items. The stock continues to be an attractive dividend play with a ₹6 per share payout, but monitoring margin trends in the SISA and ROW segments is advised.
Redington Reports Operational Disruptions in Gulf Region Due to Geopolitical Tensions
Redington Limited has reported significant operational challenges for its subsidiary, Redington Gulf FZE, due to escalating geopolitical tensions in the Gulf region. The company is facing increased transit times, higher logistics and insurance costs, and the revocation of war risk insurance coverage. Financial pressure is mounting through higher working capital requirements driven by increased inventory levels and delayed payments from customers. While the exact financial impact is currently unquantifiable, the company is prioritizing capital preservation and business continuity.
Key Highlights
Operations of Redington Gulf FZE are restricted due to port closures and re-routing of shipments.
Increased working capital needs due to higher inventory and customer requests for delayed payments.
Rising costs in freight, insurance, and logistics coupled with the revocation of war risk coverage.
Management is prioritizing capital preservation and evaluating alternative insurance arrangements.
👀 What to Watch
Investors should monitor the duration of the conflict as prolonged disruptions will likely hurt margins and cash flows. Watch for the next quarterly results to gauge the specific financial impact on the Gulf business segment.
Redington Wins Tax Appeal: INR 230.21 Cr Demand Quashed by CIT(A)
Redington Limited has received a favourable order from the Commissioner of Income Tax (Appeals) regarding a tax dispute for AY 2020-21. The order quashes a demand of INR 230.21 crore out of a total demand of INR 233.66 crore previously raised by the Assessing Officer. The company had been contesting this demand since September 2023. This resolution significantly reduces potential financial liability and uncertainty for the company.
Key Highlights
CIT (Appeals) quashed a tax demand of INR 230.21 crore for AY 2020-21.
The original demand raised by the Assessing Officer was INR 233.66 crore.
The company had previously disclosed and contested this demand in September 2023.
The order removes a significant contingent liability from the company's financial outlook.
👀 What to Watch
This is a positive development that removes a major financial uncertainty. Investors should view this as a strengthening of the company's balance sheet.
Redington Receives Favourable Order Quashing INR 136.25 Cr Income Tax Demand
Redington Limited has received a favourable order from the Commissioner of Income Tax (Appeals) regarding a tax dispute for Assessment Year 2021-22. The order quashes a significant tax demand of INR 136.25 Crores that was previously raised by the Assessing Officer. The company had been contesting this demand since it was first reported in December 2023. This resolution effectively removes a major potential financial liability from the company's balance sheet.
Key Highlights
Commissioner of Income Tax (Appeals) quashed a tax demand of INR 136.25 Crores
The tax dispute related to the Assessment Year 2021-22
The original demand was previously disclosed to exchanges on December 29, 2023
The favourable order was received by the company on February 20, 2026
Management confirms nil negative financial impact following this appellate order
👀 What to Watch
Investors should view this as a positive development as it eliminates a significant contingent liability. No specific action is required as the outcome settles a previously disclosed regulatory risk.
Redington Reports Record Q3 FY26 Revenue of ₹30,959 Cr, Up 16% YoY
Redington Limited achieved its best-ever quarterly performance in Q3 FY26, with revenue growing 16% YoY to ₹30,959 crores and PAT rising 9% to ₹436 crores. Growth was robust across geographies, led by India at 25% and GCCL at 29%. The high-margin Software Solutions Group (SSG) was a standout performer, growing 40% YoY and now contributing 18% to the total revenue mix. Additionally, the company significantly improved operational efficiency by reducing working capital days to 28 days.
Key Highlights
Record quarterly revenue of ₹30,959 crores and PAT of ₹436 crores, up 16% and 9% YoY respectively.
Software Solutions Group (SSG) grew 40% YoY, driven by Cloud, Cybersecurity, and Software segments.
India business revenue grew 25% YoY, with AI-focused PCs making up 28% of the commercial PC segment.
Working capital cycle improved to 28 days, reflecting efficient cash management despite growth investments.
Arena subsidiary (Turkey) reported a loss of ₹22 crores, but management sees a recovery trajectory by 2027.
👀 What to Watch
Investors should focus on the company's successful pivot toward high-margin software and cloud services, which are growing faster than traditional hardware. The significant reduction in working capital days and strong India growth provide a solid cushion against macro challenges in the Turkey market.
