Risk Intelligence
Prolonged West Asia crisis impacting Middle East operations
View Risks →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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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.
Prolonged West Asia crisis impacting Middle East operations
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Read Transcript →India business grew 50% YoY in Q4, driven by PC pre-buying, large deals, and strong mobility demand.
SSG now contributes 17% of full-year revenue, up from 15% in FY25, reflecting higher-margin mix shift.
Full-year large deals totaled ~₹2,500 crore, with Q4 alone at ₹1,600+ crore; pipeline expected to grow.
AI PCs (>40 TOPS) accounted for 41% of India PC revenue, indicating premiumization and AI adoption.
Management expects India momentum to sustain, while Middle East will be soft in Q1 and possibly Q2 due to the West Asia crisis.
The crisis disrupted March performance; management expects softness in Q1 and Q2 FY27.
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