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Earnings Call

Redington Earnings Call: Key Takeaways

Redington delivered record FY26 results with 20% revenue growth, but performance is clouded by West Asia geopolitical conflict and a ₹75cr impairment in Turkey.

Highlights
Revenue growth20% YoY FY26 growth to ₹119,347 crores, 25% Q4 growth.
MarginsPAT margin at 1.3%; impacted by Turkey impairment and West Asia costs.
Order bookLarge deals reached ₹1,600cr in Q4 and ₹2,500cr for FY26.
Demand visibilityStrong India/Africa demand; West Asia visibility remains low due to conflict.
Management confidenceCautiously optimistic; highlighted resilience despite geopolitical and supply headwinds.

Growth

Revenue grew 25% YoY in Q4; India business led with 50% top-line and 41% profit growth.

Outlook

Guided for continued India momentum; West Asia recovery depends on conflict resolution and IT priority stabilization.

Risks

Geopolitical disruption in West Asia, supply chain constraints for AI PCs, and high 45% interest rates in Turkey.

Source

Earnings Call filed with NSE, NSE: REDINGTON. Summary written with AI assistance from the document.

Read 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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Redington Ltd reported revenue from operations of ₹34,922 Cr (+34.6% YoY) and net profit of ₹453.5 Cr (+94.6% YoY) for Q1 FY27.

Key figure
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