Redington (REDINGTON) — concall transcript

📢 Key Event
Redington reported Q1 FY27 revenue of INR34,966 crores (34% YoY growth), EBITDA of INR751 crores (67% YoY growth), and PAT of INR486 crores (77% YoY growth), driven by India (63% growth), Technology Solutions (50% growth), and large deals totaling INR1,000 crores.

🔄 What Changed
Working capital days reduced to 32 (from 37), ROCE improved to 22%, and large deals backlog exceeded INR1,000 crores; Turkey Arena losses narrowed to INR64 crores (Redington's share: INR31 crores).

🔮 What's Next
Management expects large deals to continue contributing significantly, with backlog exceeding INR1,000 crores for multiple quarters; Q2 demand remains uncertain post-festive season; Turkey MSG business faces ongoing margin pressure but working capital has improved.

💡 Investor Takeaway
Strong growth and improved working capital signal operational efficiency, but Turkey losses and softening UAE/Saudi demand pose near-term risks to margin sustainability.

Redington Limited reported consolidated revenue of INR34,966 crores (34% YoY growth), EBITDA of INR751 crores (67% YoY growth), and PAT of INR486 crores (77% YoY growth) for Q1 FY27, driven by strong performance in India (63% growth), Middle East & Africa (15% growth), and key segments like Technology Solutions (50% growth) and Software Solutions (52% growth). Channel inventory stood at 2-3 months in Endpoint Solutions, with INR1,000 crores in large deals and backlog exceeding that level. Working capital improved to 32 days (down from 37), ROCE reached 22%, and channel inventory buildup was noted in Endpoint Solutions. The company earned Microsoft Frontier Partner status and remains top 1 in Omdia rankings, with top 10 OEM partners contributing 75% of business. Turkey Arena losses totaled INR64 crores (Redington's share: INR31 crores), and working capital days improved due to reduced interest costs (INR69 crores → INR37 crores YoY).

📄 View Original Announcement (PDF)

📊 Stock Analysis — REDINGTON ✨ Ask AI About This

About Redington Ltd (REDINGTON)

Services · Trading · Listed on BSE

Market Cap: ₹28,003.16 Cr P/E: 16.5 ROE: 14.8% ROCE: 18.4% Div Yield: 1.68%

View full REDINGTON stock details →

📡 Get AI alerts when REDINGTON files next

Free • Daily 5 PM digest • Track filings, board meetings, and corporate actions

Track REDINGTON — Free

💡 Ask AI about this filing

"How will Turkey Arena losses impact full-year profitability?" "What is the expected margin impact of INR1,000 crores in large deals?" "When will UAE/Saudi demand recovery be visible?"

Ask AI Free →

📊 More REDINGTON filings

See all REDINGTON filings →

🔥 Also filed on 30 June 2026

SHIRPUR-G Shirpur Gold Refinery Limited Announcement REFEX Refex Industries Limited Corporate Action ROLLT Rollatainers Limited Announcement SAMMAANCAP Sammaan Capital Limited Corporate Action RUSTOMJEE Keystone Realtors Limited Announcement ZEEMEDIA Zee Media Corporation Limited Corporate Action

View all today's announcements →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when REDINGTON files new disclosures

Track REDINGTON filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track REDINGTON — Free

Free account · 2 AI queries/day

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd