Redington Ltd

Redington Reports Strong Quarter: Revenue Up 16% YoY to ₹30,959 Cr 📈

- Revenue: ₹30,959 Cr, up 16% YoY

- Profit after tax (PAT): ₹436 Cr, up 9% YoY

- India revenue growth: 25% YoY

- UAE revenue growth: 19% YoY

- GCCL revenue growth: 29% YoY

- Africa revenue growth: 14% YoY

- Mobility business contributed 35% of revenue, grew 15% YoY

- Software Solutions Group (SSG) contributed 18% of revenue, grew 40% YoY

- End Point Solutions Group (PCs) grew 21% YoY, with 28% of India commercial revenues from AI-focused PCs

- Technology Solutions Group declined 7% due to timing of large deals

- Working capital days improved to 28 days

- Operating expenses controlled at 9%, growing slower than revenue

- Subsidiary Arena reported a loss of ₹22 Cr, targeting breakeven by 2027

- ROCE for the quarter: 22.1%, with a target range of 18-20% going forward

- Investing in AI initiatives, including a capability center in Chennai and AI agent catalogs