Redington
278.60
+3.20(+1.16%)
Market Cap₹- Cr
PE Ratio-
Company Performance:
1D+1.16%
1M+11.33%
6M+4.29%
1Y+34.95%
5Y+311.52%
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More news about Redington
16Sept 25
Redington Shares Soar 16% on iPhone Launch Excitement
Redington Ltd, Apple's supply chain partner, saw its shares jump 16% to Rs 280.00 following the iPhone launch announcement. Pre-orders for the new iPhone have begun, with sales starting September 19. Redington's recent financial results show strong growth, with net profit up 12% and revenue up 22% year-on-year. Despite the rally, technical indicators present a mixed picture, with MACD below zero line and RSI at 43.8. The stock is up 40% year-to-date, closing at Rs 276.40, a 14.5% increase from the previous close.
03Sept 25
Redington Inks Strategic Distribution Agreement with CrowdStrike to Boost Cybersecurity in India
Redington Limited has entered into a distribution agreement with CrowdStrike to accelerate cybersecurity transformation across India. Redington will distribute CrowdStrike's AI-native Falcon® platform, strengthening its channel reach and expanding CrowdStrike's regional ecosystem. The partnership aims to drive vendor consolidation and enhance breach prevention for Redington's partners. Redington plans to leverage its extensive network for growth in various Indian markets through strategic initiatives, including sales, demand generation, and technical support.
05Aug 25
Redington Reports 22% Revenue Growth in Q1, Faces Challenges in Turkey Subsidiary
Redington Limited reported a 22% year-on-year revenue growth in Q1, with profit up 12%. Excluding the Turkish subsidiary Arena, revenue grew 24% and profits increased 15%. India, UAE, and Saudi Arabia showed robust performance. The Mobility Solutions Group led with 44% growth, while Cloud Solutions grew 41%. However, gross margins declined by 60 basis points to 5.10% due to large deals and market pressures. Arena faced significant challenges, taking $8.00 million in provisions due to customer debt restructuring. Despite these challenges, management remains confident in achieving full-year operating profit targets.
04Aug 25
Redington's Turkish Subsidiary Advances in Vodafone Distribution Agreement Talks
Redington Limited's step-down subsidiary, Arena Bilgisayar Sanayi ve Ticaret A.Ş (Arena), has received approval from the Turkish Competition Authority to proceed with non-binding negotiations. The negotiations concern the transfer of a Device Distribution and Supply Agreement between Arena's subsidiary and a Vodafone subsidiary in Turkey. This development could potentially strengthen Arena's position in the Turkish technology distribution market. The company has stated that any further progress will be communicated in due course.
30Jul 25
Redington Limited Reports Strong Q1 Results with 22% Revenue Growth
Redington, a technology and supply chain solutions provider, achieved its highest ever Q1 revenue of ₹26,002.00 crores, marking a 22% year-on-year growth. The company's EBITDA increased by 6% to ₹450.00 crores, while PAT grew by 12% to ₹275.00 crores. The SISA segment showed strong performance with revenue up 23%, EBITDA up 19%, and PAT up 29%. The ROW segment, excluding Arena, saw 25% revenue growth but experienced declines in EBITDA and PAT. Working capital days reduced to 37 days, and the company declared a dividend of ₹6.80 per equity share.
20May 25
Redington Ltd Reports 30% Surge in Q4 Profit, Announces Dividend
Redington Ltd's Q4 standalone profit increased by 30.4% to Rs 209.45 crore. Annual profit rose to Rs 1,443.78 crore. Board recommends final dividend of Rs 6.80 per equity share. Q4 revenue grew 24.98% to Rs 13,137.10 crore, with net profit up 30.39%. Operating profit margin slightly improved to 2.32%.
19May 25
Redington (India) Reports Strong Q4 Results with Significant Profit Growth
Redington India announced impressive Q4 financial results, with consolidated net profit doubling to ₹6.70 billion, up 105% year-over-year. Revenue increased by 18% to ₹264.40 billion, while EBITDA grew 30% to ₹5.97 billion. The company's EBITDA margin improved to 2.26%. Profit before tax rose 37% to ₹5.20 billion. An exceptional item of ₹6.30 billion was reported. Redington recommended a dividend of ₹6.80 per equity share.
25Mar 25
Redington Faces ₹175.10 Crore Tax Demand, Expects No Material Financial Impact
Redington, an Indian technology solutions provider, has received a tax demand of ₹175.10 crores from the Income Tax Department for the Assessment Year 2022-23. The company has stated in a regulatory filing that it does not expect this order to have any material financial impact. Redington remains confident in its financial position despite the substantial tax demand.
Redington
278.60
+3.20
(+1.16%)
1 Year Returns:+34.95%
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