ALFA Finder| Management target | Revenue 127.0% FY28 |
|---|
| Revenue growth | 29% USD growth YoY; targeting $5 billion in 3 years. |
|---|---|
| Margins | Targeting 5.5%–6% gross margin; 60% margin uplift when attaching services. |
| Order book | Banked revenue for next year is 63.5% based on 85% retention. |
| Demand visibility | High; 74% of revenue is recurring annuity-based business. |
| Management confidence | High, citing strong relationships with top 6 vendors (Microsoft, AWS, etc.). |
Growth
SSG grew 29% YoY in USD terms (37% in INR) to reach $2.2 billion revenue, contributing 17% of total revenue.
Outlook
Targeting $5 billion revenue by FY28 with 5.5%–6% gross margins and 2% PAT. SSG revenue mix aimed at 25%.
Risks
Challenges include transition to non-physical revenue recognition, complex withholding tax across multiple geographies, and managing long-term credit views.
Last quarter's promises, checked
Delivered
- Guided Q4 large deals >INR 500cr in ESG → delivered INR 500cr (= BEAT)
- Guided Q4 large deals >INR 1,100cr in TSG → delivered >INR 1,100cr (= BEAT)
- Guided SSG revenue mix 17% for FY26 → delivered 17% (= BEAT)
Partly delivered
- Guided SSG gross margin 5.5%-6% → delivered 5.5% (= PARTIAL)
Earnings Call filed with BSE, NSE: REDINGTON. Summary written with AI assistance from the document.
Redington Ltd: key numbers
- Share price
- ₹352.00
- Market cap
- ₹27,518 Cr
- Revenue (annual)
- ₹1,19,162 Cr
- Net profit (annual)
- ₹1,490 Cr
- P/E (TTM)
- 14.8×Sector 46.8×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 63.42%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Redington Ltd
All →Redington Management Change
Redington Limited has appointed Ms. Anchal Dhir as an Additional Non-Executive Independent Director for a five-year term. The appointment is effective from November 4, 2026, subject to shareholder approval.
- Execution
- 5 years
Redington Results Update
Redington reports Q2 FY27 revenue of ₹43,002 crore, up 48% YoY, with PAT of ₹581 crore. Growth led by India revenue (+67%) and Technology Solutions Group (+91%).
Redington Q2 FY27 Results: Net Profit ₹422.5 Cr, Up 20.6% YoY
Redington Ltd reported revenue from operations of ₹42,947 Cr (+47.7% YoY) and net profit of ₹422.5 Cr (+20.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹422.5 Cr · +20.6% YoY
Redington Earnings Call Transcript: Key Takeaways
Redington delivered exceptional revenue and profit growth led by India, despite geopolitical instability in West Asia.
Redington Board Meeting Date
Redington Ltd announced its board meeting is scheduled for 04 Nov 2026 to consider Q2 FY27 results. No financial figures or decisions are reported yet.
Redington Partnership
Redington Gulf has signed a strategic collaboration agreement with AWS to accelerate AI adoption across the Middle East, Turkey, and Africa region.
- From
- AWS