Redington Limited has announced its financial results for the quarter ended March 31, 2026. The company achieved its highest-ever quarterly revenue, marking a significant milestone in its growth journey. Despite external geopolitical challenges in West Asia, Redington demonstrated strong resilience, delivering 16% year-over-year growth in Profit After Tax (PAT). The company also reached a major milestone with ProConnect Global crossing the ₹1,000 crore revenue mark for the fiscal year.
Quarterly Financial Performance
For the fourth quarter of the 2026 financial year (Jan-Mar 2026), Redington reported a strong performance with global revenue growing by 25% year-over-year, reaching ₹33,269 crore. Excluding the impact of its investment in Arena, global revenue grew by 32%. The company’s global PAT (including Arena) grew by 16% to ₹467 crore, while PAT excluding the Arena impairment stood at ₹489 crore, representing a 17% year-over-year increase.
Geographic and Segment Growth
The SISA (Singapore, India, & South Asia) region was a key driver of momentum, reporting a 48% increase in revenue and a 42% growth in PAT. Notably, India Distribution operations excelled, with revenue growing 50% and PAT by 41% compared to the same period last year. Meanwhile, the ROW (Rest of the World) business excluding Arena saw revenue growth of 12%.
Strategic Milestones and Operational Efficiency
Redington reached key operational milestones during the year. ProConnect Global achieved a record-breaking performance, crossing the ₹1,000 crore annual revenue threshold with all-time high profitability. The company maintained a robust financial position with a Debt to Equity ratio of 0.25x, a ROCE of 22%, and an ROE of 17%. Furthermore, the company improved its operational efficiency, reducing its Working Capital days by 4 days year-over-year to 30 days.
Geopolitical Impacts and Impairment Notes
The company noted that the conflict in West Asia, which began on February 28, 2026, caused temporary disruptions to operations and financial outcomes in March. Additionally, as part of its financial management, an impairment loss of ₹152.3 crore was recognized regarding its investment in Arena, a subsidiary in Turkey, due to challenging local economic conditions. This impact has been excluded from the presented growth numbers to ensure comparability, similar to the approach taken with the Paynet divestment gains in the previous year.
Source: BSE
