Redington announced a record-breaking quarter with a 17% YoY revenue growth, reaching ₹29,118cr, and a 32% YoY surge in PAT. This growth was driven by investments in cloud modernization, advanced cybersecurity, and AI-powered solutions. India and UAE witnessed a significant 23% YoY growth, each contributing to the company’s strongest-ever quarterly performance.
Exceptional Financial Performance
Redington Ltd. reported its strongest-ever quarterly performance, achieving consolidated global revenues of ₹29,118 crore, a 17% increase YoY. The company’s net profit reached ₹388 crore, marking a substantial 32% YoY growth. This performance reflects Redington’s evolution into a technology solutions provider, focusing on Cloud, Cybersecurity, software solutions, and professional services. The PAT % stood at 1.57%.
Key Growth Drivers
The growth momentum was broad-based, with significant contributions from key markets. India and the UAE each experienced a 23% YoY growth, while KSA delivered 10% growth, and Africa maintained its upward trajectory. These results were underpinned by improved go-to-market strategies and expanded solutions.
Segment Performance
The Software solutions group grew by 48% YoY, supported by Cloud, software, and Cyber security. The Mobility Solutions Group (MSG) grew by 18% YoY, fueled by higher demand in the premium segment. TSG saw a 9%YoY increase due to stronger enterprise demand. ESG grew 11%YoY driven by PC demand in India.
Strategic Transformation
Redington is transforming into a comprehensive technology solutions platform, expanding its capabilities in Cloud, AI-enabled services, Cybersecurity, and Managed Services. The company is also increasing its presence in Al Solutions and digital learning ecosystems.
Source: BSE
