The stock had surged nearly 15% during Thursday’s session following the earnings announcement and touched a fresh 52-week high of Rs 338.50.
The company reported a Q1FY27 net profit of Rs 486 crore, compared to Rs 275 crore in the corresponding quarter of the previous year. Excluding exceptional items, profit after tax (PAT) grew more than twice as fast as revenue, highlighting strong operating leverage. The company’s PAT margin stood at 1.4% during the quarter.
Revenue from operations rose 34.6% YoY to Rs 34,922 crore, compared with Rs 25,952 crore in the year-ago period, marking the company’s highest-ever quarterly revenue.
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Business Segment Performance
The company reported strong momentum across its technology portfolio during the quarter.Software Solutions Group grew 52% YoY, supported by increased adoption of cloud, cybersecurity, software-led engagements, AI-enabled solutions and subscription-based models. Endpoint Solutions Group grew 35% YoY, driven by higher PC realisations amid memory supply constraints and steady demand.
Mobility Solutions Group grew 21% YoY, led by premium smartphone demand and expansion of retail-led distribution. Technology Solutions Group grew 50% YoY, supported by large enterprise and data centre deals.
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“We have started FY27 on a strong note, delivering our highest-ever quarterly revenue and profit. This performance reflects the strength of our diversified business model, disciplined execution and broad-based momentum across businesses and geographies. Profit growth significantly outpaced revenue growth, reinforcing our continued focus on profitable and sustainable growth,” said V. S. Hariharan, Managing Director & Group CEO, Redington.
“As technology adoption accelerates across cloud, software, cybersecurity, AI-enabled infrastructure and digital transformation, Redington is well positioned to capture these opportunities through its strong ecosystem of global technology brands, partners and customers. We will remain focused on operational resilience, capital efficiency and long-term value creation for all our stakeholders,” Hariharan further said.
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