Redington Q4 Profit Falls 42% YoY Despite Strong Revenue Growth

📰 Key Highlights Net Profit: ₹3.91B vs ₹6.7B YoY → -42% decline Revenue: ₹332.1B vs ₹264.4B YoY → +26% growth EBITDA: ₹6.14B vs ₹5.97B YoY → +3% growth EBITDA Margin: 1.85% vs 2.26% YoY → margin contraction of ~41 bps 🔎 Fundamentals Revenue growth driven by IT distribution & cloud services. Profit decline due to margin pressure and higher costs. EBITDA growth muted despite strong topline expansion. 💼 Business Focus Expanding cloud, cybersecurity, and digital transformation solutions. Strengthening partnerships with global tech majors. Focus on value-added services to improve margins. ⚠️ Risks Thin margins in IT distribution business. Currency fluctuations impacting import-heavy operations. Rising competition from global distributors and local players. 📈 Outlook Strong revenue visibility from IT & cloud demand. Margin recovery will be key for profitability. Redington remains a leading IT distributor in India, but must balance growth with efficiency.