| Market Cap | ₹26,209 CrMid-cap |
|---|---|
| P/E TTM | 15.41xSector 44.99x |
| RSI | 35.7Neutral Zone |
| 1-Year Return | 32.12%Price Performance |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 42,947 | 34,922 | 29,076 |
| Other Income | 54.6 | 43.2 | 42.8 |
| Total Income | 43,002 | 34,966 | 29,118 |
| Profit Before Tax | 624 | 611 | 460 |
| Exceptional Items | -80.3 | 0.0 | 0.0 |
| Net Profit | 422 | 454 | 350 |
| Operating Margin | 1.5% | 1.7% | 1.6% |
| Net Profit QoQ | -6.8% | ||
| Net Profit YoY | +20.6% | ||
| Adj. Profit QoQ | +14.4% | ||
| Adj. Profit YoY | +55.8% | ||
Key highlights
- Consolidated revenue from operations grew to ₹42,947 crore, marking a 48% increase from ₹29,076 crore in Q2-26
- Adjusted net profit (excluding exceptional items) grew by 55.8% compared to the same quarter last year
- The SISA segment (Singapore, India & South Asia) contributed ₹25,632 crore, representing 59.7% of total segment revenue
- Company recognized an exceptional impairment loss of ₹80.33 crore on the trade name of Turkish subsidiary Arena Bilgisayar
- Operating margins stood at 1.5% for the quarter, compared to 1.6% in the previous year
Geographic Segments Drive Topline Momentum
Redington witnessed substantial growth across its primary reporting segments during the quarter. The Singapore, India & South Asia (SISA) region remains the dominant growth engine, with revenue jumping to ₹25,632.10 crore from ₹15,484.07 crore in the corresponding quarter last year. The Rest of the World (ROW) segment also showed steady progress, contributing ₹17,328.90 crore to the consolidated topline.
This geographic diversification helped the company scale its operations despite localized macroeconomic volatility. Total income for the quarter reached ₹43,002 crore, supported by a ₹54.6 crore contribution from other income sources.
Exceptional Impairment and Macroeconomic Headwinds
The company’s bottom line for Q2 FY27 was impacted by a non-cash exceptional item amounting to ₹80.33 crore. This impairment was recognized on the trade name of its Turkish subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S., due to the challenging economic environment and hyperinflationary conditions in Turkey. Consequently, the consolidated net profit for the quarter stood at ₹422 crore.
However, on an adjusted basis excluding this one-time charge, the profit growth remained healthy, reflecting strong operational execution in core trading and distribution activities. The company continues to apply Ind AS 29 for its Turkish operations to manage inflationary reporting.
Expansion and Subsidiary Incorporation
- Incorporated Aladeem Al Ahmar for Computer and Mobile Phone Trading in Iraq as a step-down subsidiary
- Established Redington Africa SEZ Limited in Kenya to bolster its presence in the African market
- Current order book position reported at approximately ₹731 crore as of September 30, 2026
- Ongoing assessment of Middle East situation indicates no material adverse effects on financial position
- Institutional investors maintain a significant stake with FII holding at 63.42% in the current quarter
Operational Strategy and Long-term Goals
The Company's wholly owned subsidiary, Redington Gulf FZE (RGF) carried out an impairment of the trade name classified as an intangible asset arising from its investment in its subsidiary in Turkey, Arena Bilgisayar Sanayi Ve Ticaret A.S (Arena).
| Date | Announcement | Amount |
|---|---|---|
| 13 May 2026 | Q4 FY26 audited consolidated financial results (revenue ₹33,268.57 cr, PAT ₹391.32 cr)Source: business-standard.com | ₹33,268.57 Cr |
| 04 Feb 2026 | Q3 FY26 consolidated financial results (revenue ₹30,959.00 cr, PAT ₹436.00 cr)Source: scanx.trade | ₹30,959.00 Cr |
| 05 Nov 2025 | Q2 FY26 consolidated financial results (revenue ₹29,118.00 cr, PAT ₹388.00 cr)Source: scanx.trade | ₹29,118.00 Cr |
| 30 Jul 2025 | Q1 FY26 consolidated financial results (revenue ₹26,002.00 cr, PAT ₹275.00 cr)Source: NSE filing | ₹26,002.00 Cr |
| 19 May 2025 | Q4 FY25 audited consolidated financial results (revenue ₹26,439.70 cr, PAT ₹391.00 cr)Source: digitalterminal.in | ₹26,439.70 Cr |
What to watch next
- Ramp-up of new operations in Iraq and Kenya subsidiaries through FY27
- Progress toward the $5 billion Software Solutions Group revenue target set for FY28
- Impact of continued hyperinflation in Turkey on future consolidated earnings
“Currently, while the operations are dynamically adapting to the ongoing situation, the Company does not foresee any material adverse effects on its financial position resulting from the geo-political conflict.”
| Share price | ₹335.25 |
|---|---|
| Market capitalisation | ₹26,208.99 Cr |
| Revenue (annual) | ₹1.19L Cr |
| Net profit (annual) | ₹1,490.22 Cr |
| Revenue (latest quarter) | ₹34,922.47 Cr+5.15% vs previous quarter |
| Net profit (latest quarter) | ₹485.98 Cr+24.19% vs previous quarter |
| P/E (TTM) | 15.41×Sector 44.99× |
| Promoter holding | 0%0.00% QoQ |
| FII holding | 63.42%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Redington Ltd announcing its unaudited standalone and consolidated financial results for the quarter ended September 30, 2026. Market figures from a third-party data provider.
