| Revenue growth | 16% YoY growth to record ₹30,959cr quarterly revenue. |
|---|---|
| Margins | Gross margin down 47bps YoY due to Turkey and segment mix. |
| Demand visibility | Strong premium mobility demand; PC refresh cycle showing slight delays. |
| Management confidence | Confident on India/SSG; defensive regarding Turkey/Arena turnaround. |
Growth
Revenue grew 16% YoY driven by India (25%) and Mobility (15%), though margins were hit by Turkey volatility.
Outlook
SSG segment targeting 40%+ growth; management expects ROCE to stabilize between 18-20% despite capital intensiveness.
Risks
Turkey (Arena) continues to leak profit (₹22cr loss), while chip shortages threaten future hardware volumes.
Earnings Call filed with BSE, NSE: REDINGTON. Summary written with AI assistance from the document.
Redington Ltd: key numbers
- Share price
- ₹407.25
- Market cap
- ₹31,838 Cr
- Revenue (annual)
- ₹1,19,162 Cr
- Net profit (annual)
- ₹1,490 Cr
- P/E (TTM)
- 18.7×Sector 41.4×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 61.96%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Value
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- Key figure
- Net profit ₹453.5 Cr · +94.6% YoY
Redington Earnings Call Transcript: Key Takeaways
Redington is pivoting from a hardware-centric transactional distributor to a high-margin software and services orchestrator. Management targets doubling the Software Services Group (SSG) revenue over the next three years.
- Call
- Guides 100% growth
Redington Earnings Call: Key Takeaways
Redington's Software Solutions Group (SSG) grew 29% YoY in USD to reach $2.2 billion. Management is pivoting from traditional hardware distribution to a high-margin platform-driven service orchestration model.
- Call
- Guides 127% growth