| Management target | Revenue 127.0% 3 years |
|---|
| Revenue growth | 29% USD growth YoY. |
|---|---|
| Margins | Targeting 5.5% to 6% gross margins for SSG segment. |
| Demand visibility | Strong; 74% of revenue is recurring annuity business. |
| Management confidence | High; seeking to double revenue in 3 years. |
Growth
SSG grew 29% in USD (37% in INR) and now contributes 17% of total revenue.
Outlook
Targeting $5B revenue in 3 years with 5.5-6% gross margins and 2% PAT. 90% renewals expected by FY28.
Risks
Non-physical revenue recognition complexities (IFRS), withholding tax issues, and longer AR days in SSG vs hardware.
Last quarter's promises, checked
Delivered
- Guided Q4 deal movement → Delivered large deal execution in Q4 (= BEAT)
- Guided SSG expansion → Delivered 17% revenue share vs 15% in FY25 (= BEAT)
- Guided Opex control → Delivered 17 bps decline on full year basis (= BEAT)
Partly delivered
- Guided SSG margin → Delivered tracking 5.5% vs 5.5-6% target (= PARTIAL)
Missed
- Guided Middle East recovery → Delivered March softening due to conflict (= MISS)
- Guided Arena profitability → Delivered INR 44cr loss in Q4 (= 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.
More from Redington Ltd
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Redington Debt & Borrowing: ₹100 Cr
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- 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.