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Redington Limited Q2 FY26 earnings call summary

NSE: REDINGTON · BSE: 532805

Earnings call of 6 Nov 2025, summarised by AI from the filing.

Redington's Q2 FY26 revenue rose 17% to ₹29,118 cr with profit of ₹388 cr, the best Q2 ever, as SSG grew 48%.

Key takeaways

  1. Best Q2 Revenue ₹29,118 cr, up 17%; profit ₹388 cr, the best Q2 ever.
  2. SSG guidance Management wants to grow SSG between 30% and 50% over the next 6 to 12 quarters.
  3. Arena exit Arena divested Connect Vodafone contract and is exiting rest of Turkish lira business by Q4.
  4. SSG driver SSG grew 48% on cloud, cybersecurity, software and professional services, with higher-than-average PAT.
  5. Commoditization Hardware commoditization may lead to lower margins from brands and OEMs.

Original filing on BSE

Redington Limited Q1 FY27 results

As filed: Revenue ₹34,922 cr (+35% year on year), EBITDA ₹708 cr (+77% year on year), PAT ₹453 cr (+95% year on year), EBITDA margin 2.0% (+49 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹33,213 cr (+26% year on year), EBITDA ₹614 cr (+3% year on year), PAT ₹288 cr (+5% year on year), EBITDA margin 1.9% (−41 bps). Score 55 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA and profit before exceptional items growth were in line with it. EBITDA margin fell 41 bps year on year. Consolidated profit -69% but standalone +38%. Share price after the results: +12.4% in 30 days (Nifty 500: +1.0%).
  • Q3 FY26: Revenue ₹30,922 cr (+16% year on year), EBITDA ₹626 cr (+4% year on year), PAT ₹413 cr (+3% year on year), EBITDA margin 2.0% (−23 bps). Score 48 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was in line with it; profit growth was below it. EBITDA margin fell 23 bps year on year. Consolidated profit +3% but standalone -52%. Revenue rose ₹4,206 cr on a year ago, more than the ₹3,211 cr it added the year before. Share price after the results: −13.0% in 30 days (Nifty 500: −4.5%).
  • Q2 FY26: Revenue ₹29,076 cr (+17% year on year), EBITDA ₹588 cr (+29% year on year), PAT ₹350 cr (+24% year on year), EBITDA margin 2.0% (+19 bps). Score 64 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was well above it; profit growth was in line with it. EBITDA margin rose 19 bps year on year. Consolidated profit +24% but standalone -14%. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Revenue rose ₹4,180 cr on a year ago, more than the ₹2,676 cr it added the year before. Share price after the results: +7.4% in 30 days (Nifty 500: +0.7%).
  • Q1 FY26: Revenue ₹25,952 cr (+22% year on year), EBITDA ₹400 cr (+8% year on year), PAT ₹233 cr (+7% year on year), EBITDA margin 1.5% (−20 bps). Score 64 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin fell 20 bps year on year. Profit fell 75% from last quarter. Share price after the results: −16.3% in 30 days (Nifty 500: −2.4%).
  • Q4 FY25: Revenue ₹26,440 cr (+18% year on year), EBITDA ₹597 cr (+30% year on year), PAT ₹918 cr (+37% year on year), EBITDA margin 2.3% (+21 bps). Score 85 of 100, Above trend. Revenue, EBITDA and profit before exceptional items growth were well above the company's own trend. EBITDA margin rose 21 bps year on year. Share price after the results: +5.8% in 30 days (Nifty 500: +0.3%).
  • Q3 FY25: Revenue ₹26,716 cr (+14% year on year), EBITDA ₹603 cr (+17% year on year), PAT ₹403 cr (+16% year on year), EBITDA margin 2.3% (+6 bps). Score 85 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin was flat year on year.
  • Q2 FY25: Revenue ₹24,896 cr (+12% year on year), EBITDA ₹457 cr (−5% year on year), PAT ₹283 cr (−9% year on year), EBITDA margin 1.8% (−33 bps). Score 38 of 100, Below trend. EBITDA margin fell 33 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Redington Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.