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Redtape Limited Q2 FY26 earnings call summary

NSE: REDTAPE · BSE: 543957

Earnings call of 17 Nov 2025, summarised by AI from the filing.

RedTape Q2 FY26 standalone income ₹501 cr, PAT ₹27 cr up 9.85%, targeting 20% annual growth.

Key takeaways

  1. Change Inventory days increased due to early season and new warehouses; expected to decline.
  2. Driver Premium products and ASP uptick of 18% from 12-13%, GST benefit.
  3. Risk Western economies weak, limiting export focus; competition from new players.

Original filing on BSE

Redtape Limited Q1 FY27 results

As filed: Revenue ₹481 cr (+4% year on year), EBITDA ₹83.5 cr (+8% year on year), PAT ₹44.5 cr (+14% year on year), EBITDA margin 17.4% (+76 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 ₹676 cr (+34% year on year), EBITDA ₹111 cr (+38% year on year), PAT ₹69.9 cr (+70% year on year), EBITDA margin 16.5% (+46 bps). Score 84 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 46 bps year on year. Revenue fell 14% from last quarter. Share price after the results: −7.8% in 30 days (Nifty 500: +0.9%).
  • Q3 FY26: Revenue ₹787 cr (+18% year on year), EBITDA ₹171 cr (+32% year on year), PAT ₹105 cr (+43% year on year), EBITDA margin 21.7% (+229 bps). Score 80 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA and profit growth were well above it. EBITDA margin rose 229 bps year on year. Share price after the results: −10.2% in 29 days (Nifty 500: −10.1%).
  • Q2 FY26: Revenue ₹492 cr (+18% year on year), EBITDA ₹73.0 cr (+12% year on year), PAT ₹28.0 cr (+12% year on year), EBITDA margin 14.8% (−79 bps). Score 56 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was below it; profit growth was in line with it. EBITDA margin fell 79 bps year on year. Profit fell 28% from last quarter. Share price after the results: −8.1% in 28 days (Nifty 500: −0.4%).
  • Q1 FY26: Revenue ₹464 cr (+5% year on year), EBITDA ₹77.0 cr (+12% year on year), PAT ₹39.0 cr (+26% year on year), EBITDA margin 16.6% (+98 bps). Score 53 of 100, In line with trend. EBITDA margin rose 98 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 8% from last quarter. Share price after the results: +13.9% in 30 days (Nifty 500: +2.2%).
  • Q4 FY25: Revenue ₹505 cr (0% year on year), EBITDA ₹81.0 cr (+9% year on year), PAT ₹41.0 cr (0% year on year), EBITDA margin 16.0% (+144 bps). Score 34 of 100, Below trend. EBITDA margin rose 144 bps year on year. Consolidated profit +0% but standalone +38%. Not enough history for a trend yet: scored on growth alone. Revenue fell 24% from last quarter. Share price after the results: −7.9% in 30 days (Nifty 500: +3.7%).
  • Q3 FY25: Revenue ₹665 cr (+8% year on year), EBITDA ₹129 cr (+24% year on year), PAT ₹73.0 cr (+20% year on year), EBITDA margin 19.4% (+257 bps). Score 61 of 100, In line with trend. EBITDA margin rose 257 bps year on year. Not enough history for a trend yet: scored on growth alone.
  • Q2 FY25: Revenue ₹416 cr (+28% year on year), EBITDA ₹65.0 cr (+12% year on year), PAT ₹25.0 cr (−11% year on year), EBITDA margin 15.6% (−222 bps). Score 49 of 100, In line with trend. EBITDA margin fell 222 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 6% from last quarter.

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

Redtape Limited earnings call, investor presentation and press release summaries

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