Commodity Trading & Distribution company Redington announced Q1FY26 results Financial Highlights: Revenue Stood at Rs 26,002 crore for Q1FY26 compared to Rs 21,335 for Q1FY25 EBITDA Stood at Rs 450 crore for Q1FY26 compared to Rs 424 for Q1FY25 PAT Stood at Rs 275 crore for Q1FY26 compared to Rs 246 for Q1FY25 Strong execution in India, UAE and Kingdom of Saudi Arabia with 24%, 35% & 32% YoY growth respectively. Business Highlights: Mobility business grew by 44% YoY supported by growth in the premium segment Cloud business grew 41% YoY, maintaining strong momentum with the hyperscalers Technology Solutions Group (TSG) grew 21% YoY, driven by large deal wins V.S. Hariharan, Managing Director & Group CEO, Redington said, “In Q1FY26, our growth has been stellar led by Cloud, Mobility & Technology solutions business with strong double digit growth rates. India, UAE & KSA continue to provide us with the momentum by delivering a high growth, outperforming the market, while Africa continues to remain stable. Cloud grew by a phenomenal 41% YoY growth on the back of increasing adoption of subscription and consumption models. With our enhanced focus on software, cyber-security and application software, we have embarked on the next wave of digital transformation that will further strengthen our growth trajectory.” Result PDF
Commodity Trading & Distribution company Redington announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: The company reported Q4FY25 global revenues of Rs 26,510 crore, a robust 18% YoY growth. The company reported a net profit of Rs 400 crore, reflecting a 23% YoY increase. Cloud business grew 41% YoY, maintaining strong momentum Technology Solutions Group (TSG) grew 28% YoY, driven by large deal wins and new software brand contracts. FY25 Financial Highlights: Redington posted record consolidated revenues of Rs 99,562 crore, an 11% increase YoY Redington posted record consolidated PAT of Rs 1,340 crore excluding divestment gain. Normalized PAT grew 10% YoY, demonstrating sustained profitability across all business lines. V.S. Hariharan, Group CEO, Redington said “Building on the momentum from Q3, our Q4 results reaffirm Redington’s commitment to profitable growth and market leadership. This year, we’ve achieved stable growth across all business units and geographies. Our focus on strategic markets, both established and emerging, has delivered sustainable results,” “While technology distribution remains our core, our Cloud business has grown over 40% YoY, driven by increasing adoption of subscription and consumption models. We continue to strengthen our positioning with brands through our focus on software, services, and professional capabilities, especially around AI-enabled solutions. These results reflect our agility and our strategic readiness to lead in the next wave of digital transformation.” Result PDF
Conference Call with Redington Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Redington Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.