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REDINGTON Diversified 23 Apr 2026

Redington Ltd — Q4 FY26

Redington delivered its best quarter ever with revenue of ₹33,269 crore (+25% YoY) and PAT (ex-exceptionals) of ₹467 crore (1.4% margin).

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Revenue ₹33,213 Cr +25%
EBITDA
PAT ₹288 Cr
EBITDA Margin 2%
Duration 66 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Redington delivered its best quarter ever with revenue of ₹33,269 crore (+25% YoY) and PAT (ex-exceptionals) of ₹467 crore (1.4% margin). India led with 50% revenue growth and 41% PAT growth, driven by PC pre-buying ahead of component shortages, large deals (~₹1,500 crore in endpoint solutions, ~₹1,100 crore in PSG), and strong mobility/SSG momentum. Middle East was impacted by the West Asia crisis (March disruption), but Africa and GCCL continued strong. SSG now contributes 17% of revenue (up from 15% in FY25). Management expects India momentum to continue, Middle East softness in H1 FY27, and sustained SSG growth. Key risk: prolonged West Asia crisis could further pressure Middle East operations and margins.

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Prolonged West Asia crisis impacting Middle East operations

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Quarter Snapshot

India Revenue Growth 50%
+50% YoY

India business grew 50% YoY in Q4, driven by PC pre-buying, large deals, and strong mobility demand.

SSG Revenue Share 17%
+2pp YoY

SSG now contributes 17% of full-year revenue, up from 15% in FY25, reflecting higher-margin mix shift.

Large Deal Pipeline ₹2,500 crore
+60% YoY

Full-year large deals totaled ~₹2,500 crore, with Q4 alone at ₹1,600+ crore; pipeline expected to grow.

AIPC Penetration in India 41%
+41% of PC revenue

AI PCs (>40 TOPS) accounted for 41% of India PC revenue, indicating premiumization and AI adoption.

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Guidance and risk preview

Top guidance India growth to continue; Middle East soft in H1 FY27

Management expects India momentum to sustain, while Middle East will be soft in Q1 and possibly Q2 due to the West Asia crisis.

Top risk Prolonged West Asia crisis impacting Middle East operations

The crisis disrupted March performance; management expects softness in Q1 and Q2 FY27.

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