Redington Limited — Investor Meet, 05-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Redington delivered strong Q1 FY26 revenue growth (+22%), with profit up 12% YoY. Gross margins dipped 60 bps from large tech deals & market competition. Mobility & Cloud segments showed stellar growth. However, profits were hit by an $8+ million provision in Turkey's Arena subsidiary due to market stress; management is re-evaluating its Turkey strategy. Working capital management was strong, and financing costs reduced. Outlook remains optimistic on Cloud/AI, with focus on higher-margin software solutions. Mgmt targets 2.3-2.5% operating profit & >1.3% PAT.