| Management target | Revenue 100.0% FY28 |
|---|
| Revenue growth | SSG segment revenue grew 29% YoY in USD terms. |
|---|---|
| Margins | Targeting 5.5-6% gross margins via high-value professional services. |
| Demand visibility | Strong demand for cloud and AI integration across India and MEA. |
| Management confidence | Highly optimistic about the shift toward software and cloud orchestration. |
Growth
SSG grew 29% YoY in dollar terms, reaching $2.2 billion, now contributing 17% of total revenue.
Outlook
SSG targeted to hit $5 billion revenue by FY28 with recurring revenue increasing to 85%.
Risks
Higher AR days in SSG vs hardware and intense competition potentially squeezing 5.5-6% gross margins.
Last quarter's promises, checked
Delivered
- Guided 12% SSG revenue contribution → delivered 17% (= BEAT)
- Guided 20% cloud growth → delivered 40-50% (= BEAT)
- Guided 72% recurring revenue → delivered 74% (= BEAT)
Partly delivered
- Guided 37% SSG growth (INR) → delivered 29% in USD terms (= PARTIAL)
Earnings Call Transcript 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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- 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
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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.