| Revenue growth | 34% YoY growth to ₹34,966 Cr, driven by India market. |
|---|---|
| Margins | Gross margin compression in Turkey; offset by India services growth. |
| Order book | India data center deal funnel exceeds ₹1,000 Cr. |
| Demand visibility | Strong for Cloud and Data Centers; softening in consumer PCs. |
| Management confidence | Confident on India; cautious but resilient regarding West Asia instability. |
Growth
Revenue grew 34% YoY to ₹34,966 Cr; PAT surged 77% showing high operating efficiency.
Outlook
₹1,000 Cr large-deal pipeline in India data center category for the year.
Risks
West Asia crisis continues to depress UAE/Saudi volumes and inflate logistics costs.
Last quarter's promises, checked
Delivered
- Clean up dollar business/exit Arena mobility → Business exited, Turkey debt cut $130M to $90M (= BEAT)
- Drive Software/SSG momentum → 53% growth to 17% revenue share (= BEAT)
- Improve working capital → 37 days in Q1'26 to 32 days in Q1'27 (= BEAT)
Partly delivered
- Manage geopolitical logistics costs → $3M cost increase partially recovered from customers (= PARTIAL)
Missed
- West Asia volume stability → UAE/Saudi flat to small degrowth (= MISS)
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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