Investors Cheer as Redington Reports Record Q2, Stock Hits Multi-Month High

Ltd surged nearly 16% today after delivering its strongest quarterly performance in recent years, far exceeding market expectations. For Q2 FY26, the company reported a 32% year-on-year rise in net profit to ₹388 crore and a 17% increase in consolidated revenue to ₹29,076 crore. Growth was broad-based, with India and the UAE each recording 23% YoY revenue growth. The Software Solutions business soared 48% YoY, driven by strong demand in cloud, software, and cybersecurity, while the Mobility Solutions Group grew 18%, supported by premium device demand and new product launches. Operating margins improved, reflecting effective pricing and cost control. Investor sentiment turned upbeat following management’s positive outlook on transformation toward AI, cloud, and cybersecurity opportunities. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.