Redington Limited — Updates, 05-02-2025: Press Release

Redington reported record quarterly performance with revenues reaching ₹26,764 Cr, a 14% year-on-year increase, and a net profit (PAT) of ₹400 Cr, reflecting a 17% YoY growth. EBITDA also saw a solid rise, reaching ₹651 Cr, marking a 16% increase YoY. The company's PAT margin improved to 1.50%, up from 1.45% YoY.

This robust growth is attributed to strong execution across various business segments and geographical markets, particularly in the Cloud business, which grew 42% YoY, and Technology Solutions Group (TSG), which rose 28% YoY. Notably, India and UAE markets grew 18% and 24% YoY, respectively, with signs of recovery observed in Saudi Arabia and Turkey.

Redington's strategy remains focused on adapting to market demands, integrating new technologies, and enhancing its position as a holistic technology solutions provider. The company's ongoing investments in digital platforms and next-gen technologies are positioning it well for continued growth in artificial intelligence, cloud, and cybersecurity sectors, suggesting a positive outlook for the upcoming periods.