| Management target | Revenue 127.0% FY28 |
|---|
| Revenue growth | 29% USD growth YoY; targeting $5 billion in 3 years. |
|---|---|
| Margins | Targeting 5.5%–6% gross margin; 60% margin uplift when attaching services. |
| Order book | Banked revenue for next year is 63.5% based on 85% retention. |
| Demand visibility | High; 74% of revenue is recurring annuity-based business. |
| Management confidence | High, citing strong relationships with top 6 vendors (Microsoft, AWS, etc.). |
Growth
SSG grew 29% YoY in USD terms (37% in INR) to reach $2.2 billion revenue, contributing 17% of total revenue.
Outlook
Targeting $5 billion revenue by FY28 with 5.5%–6% gross margins and 2% PAT. SSG revenue mix aimed at 25%.
Risks
Challenges include transition to non-physical revenue recognition, complex withholding tax across multiple geographies, and managing long-term credit views.
Last quarter's promises, checked
Delivered
- Guided Q4 large deals >INR 500cr in ESG → delivered INR 500cr (= BEAT)
- Guided Q4 large deals >INR 1,100cr in TSG → delivered >INR 1,100cr (= BEAT)
- Guided SSG revenue mix 17% for FY26 → delivered 17% (= BEAT)
Partly delivered
- Guided SSG gross margin 5.5%-6% → delivered 5.5% (= PARTIAL)
Earnings Call filed with BSE, 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.
More from Redington Ltd
All →Redington Partnership
Redington Limited has partnered with Siemens Digital Industries Software to become its distributor in six African markets, accelerating digital transformation through industrial software solutions.
Redington Debt & Borrowing: ₹100 Cr
Redington Limited has completed the redemption of Commercial Paper worth ₹100 Crore. This repayment reduces the company's outstanding debt obligations.
- Value
- ₹100.0 Cr
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
FMR LLC and FIL Limited acquired 16,359,425 shares of Redington Limited via open market transactions. This filing is a SEBI SAST Reg 29(2) disclosure.
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.