$REDINGTON shares surged up to 15% on July 30 after the company reported a 94% YoY rise in Q1 FY27 net profit to ₹453 crore, compared with ₹233 crore a year ago. Revenue from operations grew 35% YoY to ₹34,922 crore from ₹25,952 crore, driven by strong performance across businesses and key markets. India led the growth, with revenue up 63% and profit after tax rising 60%, supported by large enterprise deals, stronger PC realizations, premium mobility demand, and continued momentum in cloud and cybersecurity. Revenue from the Middle East and Africa increased 15%, despite geopolitical challenges. The company said it achieved its highest-ever quarterly revenue and profit, reflecting strong execution and diversified growth. Following the results, Redington shares were trading around 11% higher at ₹319.20. Investment in securities market are subject to market risks. Read all the related documents carefully before investing

#MacroViews#Miscellaneous#StockInNews

526 likes·56 comments