Redington has announced its financial results for the second quarter and first half of FY 2026-27. The company reported a significant 48% year-over-year revenue growth for Q2 FY27, reaching ₹43,002 Cr. EBITDA and PAT also saw substantial increases of 41% and 50% respectively. The company highlighted strong performance across its global operations, including notable growth in SISA and ROW markets, and significant achievements in its ProConnect segment.
Redington Announces Q2 and H1 FY2026-27 Earnings
Redington Limited has released its financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2026-27. The company reported a robust performance, with global revenue growing by 48% year-over-year to ₹43,002 Cr in Q2 FY27. This growth was complemented by a 41% increase in EBITDA and a 50% rise in Profit After Tax (PAT), which stood at ₹581 Cr for the quarter.
Key Financial Highlights (Q2 FY27)
Global Performance
- Revenue: Increased by 48% to ₹43,002 Cr (Q2 FY26: ₹29,118 Cr).
- Gross Margin (GM): Grew by 41% to ₹2,100 Cr.
- EBITDA: Rose by 41% to ₹894 Cr.
- PAT: Increased by 50% to ₹581 Cr.
- Debt to Equity: Stood at 0.55x.
- ROE: Reported at 22.7%.
- ROCE: Stood at 22.7%.
Global Performance Excluding Arena
- Revenue: Showed strong growth of 54% to ₹41,731 Cr.
- EBITDA: Increased by 58% to ₹1,003 Cr.
- PAT: Grew by 55% to ₹657 Cr.
- Debt to Equity: Was 0.45x.
- ROE: Reported at 24.4%.
- ROCE: Stood at 28.0%.
Performance by Market
SISA Business
- YoY Revenue Growth: 66%.
- YoY EBITDA Growth: 64%.
- YoY PAT Growth: 66%.
- ROCE: 28.8%, ROE: 29.5%.
- Working Capital Days: 31 days.
ROW Business Incl. Arena
- Revenue Growth: 27%.
- EBITDA Growth: 9%.
- PAT Growth: 25%.
- Working Capital Days: 39 days.
ROW Business Excl. Arena
- Revenue Growth: 38%.
- EBITDA Growth: 49%.
- PAT Growth: 41%.
ProConnect Global Performance
Q2FY27
- Revenue Growth: 38%.
- EBITDA Growth: 31%.
H1FY27
- Revenue Growth: 38%.
- EBITDA Growth: 24%.
Arena Performance and Impairment of Investment
The company noted a decrease in Arena’s business performance during Q2FY27, with revenue decreasing by 37% YoY due to the exit from Turkish Lira denominated businesses. An impairment exercise was conducted on investments in its subsidiary in Turkey, resulting in an impairment of intangibles of ₹80.3 Crores. The consolidated PAT for Q2FY27 is reported as ₹541 Cr, with profitability excluding the exceptional impairment at ₹581 Cr.
H1 FY2026-27 Performance
For the first half of FY27, Redington’s global revenue grew by 41% to ₹77,967 Cr. EBITDA and PAT saw significant increases of 52% and 61% respectively. Global revenue excluding Arena also grew by 48%.
Working Capital Days
Working capital days for Q2FY27 were reported as 35 days globally, an increase of 4 days YoY. SISA reported 31 days, while ROW reported 39 days.
Top Vendors and Verticals
For Q2FY27, Apple and Lenovo remained significant vendors contributing 30% and 10% of revenue respectively. Key verticals like ESG, TSG, and SSG showed strong YoY growth across SISA, ROW, and Global segments.
Free Cash Flow Statement
The Net Cash Flow from Operations for Q2FY27 was (₹1,686 Cr). The Free Cash Flow for the quarter was (₹1,871 Cr).
Source: BSE
