ALFA Finder| Management target | Revenue 100.0% FY28 |
|---|
| Revenue growth | SSG segment revenue grew 29% YoY in USD terms. |
|---|---|
| Margins | Targeting 5.5-6% gross margins via high-value professional services. |
| Demand visibility | Strong demand for cloud and AI integration across India and MEA. |
| Management confidence | Highly optimistic about the shift toward software and cloud orchestration. |
Growth
SSG grew 29% YoY in dollar terms, reaching $2.2 billion, now contributing 17% of total revenue.
Outlook
SSG targeted to hit $5 billion revenue by FY28 with recurring revenue increasing to 85%.
Risks
Higher AR days in SSG vs hardware and intense competition potentially squeezing 5.5-6% gross margins.
Last quarter's promises, checked
Delivered
- Guided 12% SSG revenue contribution → delivered 17% (= BEAT)
- Guided 20% cloud growth → delivered 40-50% (= BEAT)
- Guided 72% recurring revenue → delivered 74% (= BEAT)
Partly delivered
- Guided 37% SSG growth (INR) → delivered 29% in USD terms (= PARTIAL)
Earnings Call Transcript filed with NSE, 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