| Revenue growth | Record ₹33,269cr Q4 revenue, 25% YoY growth. |
|---|---|
| Margins | PAT margins at 1.4%; Turkish impairment and Opex premiums hurt margins. |
| Order book | Large deals pipeline at ₹2,500cr for full year. |
| Demand visibility | Strong India PC/Mobility demand; Middle East demand hit by conflict. |
| Management confidence | Cautiously optimistic; India strong, Middle East visibility remains low. |
Growth
Revenue grew 25% YoY; India business up 50%, while Middle East faced a 12% Q4 de-growth.
Outlook
Management guides continued India momentum and cloud expansion, but warns of Q1/Q2 softness in Middle East.
Risks
Geopolitical conflict in West Asia, supply chain disruptions, and high interest rates (40%+) in Turkey.
Last quarter's promises, checked
Delivered
- Guided SSG 40% growth → delivered 31% in Q4 (= BEAT)
- Targeted ROCE 18-20% → delivered 22.1% in Q3 (= BEAT)
- Guided India strong momentum → delivered 50% Q4 growth (= BEAT)
Partly delivered
- Guided Opex control at 9% → delivered Opex growth slower than revenue but hit by freight spikes (= PARTIAL)
Missed
- Guided Arena loss reduction → delivered ₹75.2cr Turkish impairment (= MISS)
- Targeted Middle East growth → delivered 12% de-growth (= MISS)
- Guided TSG segment recovery → delivered margin pressure and recognition delays (= MISS)
Earnings Call filed with NSE, NSE: REDINGTON. Summary written with AI assistance from the document.
Redington Ltd: key numbers
- Share price
- ₹405.70
- Market cap
- ₹31,717 Cr
- Revenue (annual)
- ₹1,19,162 Cr
- Net profit (annual)
- ₹1,490 Cr
- P/E (TTM)
- 18.6×Sector 40.4×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 61.96%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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Redington Earnings Call Transcript: Key Takeaways
Redington delivered record Q1 results with 34% revenue growth, though profits outpaced sales via significant operating leverage. Management remains cautious on West Asia geopolitical risks despite strong India momentum.
Redington Capital Structure Change
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Redington Other Announcement
Redington Limited has updated its authorized Key Managerial Personnel contact details for determining the materiality of events under SEBI LODR regulations.
Redington Annual General Meeting
Redington Limited held its 33rd Annual General Meeting on July 29, 2026, where members transacted business including dividend declaration and appointment of directors and auditors.