$REDINGTON

Redington Ltd surged as much as 12% on July 30 after the technology solutions provider reported a strong set of earnings for the June quarter. Net profit nearly doubled, rising 94% year-on-year to Rs 453 crore for the quarter ended June 30, 2026, compared with Rs 233 crore in the corresponding period last year. Revenue for the quarter increased 35% year-on-year to Rs 34,922 crore, up from Rs 25,952 crore in Q1FY26, driven by broad-based growth across its businesses and key operating markets. India emerged as the standout performer, with revenue climbing 63% and profit after tax increasing 60% year-on-year. The growth was supported by the execution of large enterprise deals, higher PC realisations amid industry-wide memory supply constraints, continued premiumisation in the mobility segment, and sustained demand for cloud and cybersecurity solutions. The Middle East and Africa business also posted healthy growth, with revenue rising 15% year-on-year despite geopolitical uncertainties during the quarter. The region benefited from continued demand for cloud- and cybersecurity-led offerings. Commenting on the results, the company said it had begun FY27 on a strong footing by delivering its highest-ever quarterly revenue and profit. It attributed the performance to the strength of its diversified business model, disciplined execution, and broad-based momentum across businesses and geographies. Notably, profit growth significantly outpaced revenue growth, reflecting the company's continued emphasis on profitable and sustainable expansion.