Redington Q1 Results -F.Y. 25-26

Redington Q1 Results - F.Y. 25-26 -

1) The company’s revenue for the June quarter stood at ₹25,952 crore, a 22% increase year-on-year from ₹21,282 crore. Though the company’s net profit and revenue grew on a year-on-year basis, this was significantly lower on a sequential basis. 2) Shares of integrated technology solutions provider Redington Ltd on Wednesday (July 30) declined more than 7% after the company posted a 12% growth in net profits of ₹275 crore in the first quarter of FY26, compared to ₹246 crore in the same period a year ago. 3) The Chennai-based company’s earnings before interest, taxes, depreciation, and amortisation grew 8% to ₹401 crore from ₹371 crore a year ago. However, the margin for the quarter was at 1.6% compared 1.7% last year. 4) “Cloud grew by a phenomenal 41% YoY growth on the back of increasing adoption of subscription and consumption models. With our enhanced focus on software, cyber-security and application software, we have embarked on the next wave of digital transformation that will further strengthen our growth trajectory.” said Mr. V.S. Hariharan, Managing Director & Group CEO, Redington Ltd. 5) Overall results are much below expectations. 6) All this is for information. 7) This is not a buy/sell recommendation. Thank you, Technofunda24