Financial Performance Summary

Redington Limited reported its highest-ever quarterly financial performance for Q1 FY27 (quarter ended June 30, 2026).

Revenue Performance

  • Consolidated revenue reached ₹34,966 crore, representing 34% year-on-year growth
  • This marks the company's highest-ever quarterly revenue

Profitability Metrics

  • Profit after tax (PAT), excluding exceptional items, increased 77% year-on-year to ₹486 crore
  • PAT margin for the quarter stood at 1.4%
  • PAT grew more than twice as fast as revenue

Geographic Performance

India Market:

  • Revenue grew 63% year-on-year
  • Profit after tax increased 60% year-on-year

Middle East and Africa Markets:

  • Revenue grew 15% year-on-year
  • Growth supported by cloud- and cybersecurity-led offerings
  • Performance achieved despite continued geopolitical uncertainty

Business Segment Performance

Redington demonstrated strong momentum across all four business segments:

Software Solutions Group (SSG)

  • Grew 52% year-on-year
  • Growth drivers: Increased adoption of cloud, cybersecurity, software-led engagements, AI-enabled solutions, and subscription-based models

Endpoint Solutions Group (ESG)

  • Grew 35% year-on-year
  • Growth drivers: Higher PC realizations amid ongoing industry-wide memory supply constraints and sustained market demand

Mobility Solutions Group (MSG)

  • Grew 21% year-on-year
  • Growth drivers: Demand for premium smartphones and continued expansion of retail-led distribution models

Technology Solutions Group (TSG)

  • Grew 50% year-on-year
  • Growth drivers: Execution of large enterprise and data-center deals, along with healthy growth in the underlying business

Growth Drivers

The company attributed its strong performance to multiple factors:

  • Execution of large enterprise deals
  • Higher PC realizations amid industry-wide memory supply constraints
  • Continued premiumization in mobility
  • Sustained demand across cloud and cybersecurity solutions
  • Strength of diversified business model
  • Disciplined execution
  • Broad-based momentum across businesses and geographies

Management Commentary

V. S. Hariharan, Managing Director & Group CEO, Redington Limited, stated:

  • The company started FY27 on a strong note with record quarterly revenue and profit
  • Performance reflects strength of diversified business model and disciplined execution
  • Profit growth significantly outpaced revenue growth, reinforcing focus on profitable and sustainable growth
  • The company is well positioned to capture opportunities from accelerating technology adoption across cloud, software, cybersecurity, AI-enabled infrastructure, and digital transformation
  • Strong ecosystem of global technology brands, partners, and customers
  • Continued focus on operational resilience, capital efficiency, and long-term value creation for all stakeholders

Risk Factors

The company continues to closely monitor global geopolitical developments while maintaining a strong focus on operational resilience and business continuity across its markets.

Additional Information

The detailed financial results for Q1 FY27 are available on the Company's website at: https://redingtongroup.com/financial-reports/

The press release includes a standard safe harbor statement noting that forward-looking statements are subject to various risks and uncertainties, and the company undertakes no obligation to publicly update any forward-looking statements.

Company Background

Redington Limited is a Fortune India 500 company and leading technology solutions provider operating across more than 40 markets with over 450 brand associations and a network of 75,000+ channel partners. The company supports businesses in their digital transformation journeys across IT, telecom, lifestyle, solar, cloud, and enterprise technology solutions.