Prolonged West Asia crisis impacting Middle East operations
The crisis disrupted March performance; management expects softness in Q1 and Q2 FY27. Insurance coverage was withdrawn, and logistics costs rose.
high · management_commentary
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).
bullish
high
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Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Arena business continues to drag profitability
Arena reported a loss of ₹44 crore (Redington share ₹22 crore) plus impairment of ₹75 crore. Management expects losses to continue for another year.
high · analyst_questionComponent shortage may not boost margins like COVID
Unlike COVID, the current shortage is not accompanied by a demand spike, so gross margin expansion may be limited. Working capital could increase.
medium · management_commentarySaudi Arabia demand slowdown
KSA grew only 5% for the full year and declined 12% in Q4 due to government reprioritization. Recovery may take time.
medium · analyst_question