Shares of Redington Ltd surged 10.6% to Rs 276.80 on Thursday after the technology solutions distributor posted a robust second-quarter performance for FY26, driven by broad-based growth across key markets and strong execution in cloud and mobility solutions.
Q2 performance highlights
For the July–September 2025 quarter, net profit rose 32% year-on-year to Rs 388 crore, compared to Rs 283 crore in Q2 FY25.
Revenue from operations climbed 16.8% YoY to Rs 29,075.6 crore, up from Rs 24,895.6 crore a year ago, supported by momentum across the company’s software and technology verticals.
EBITDA grew 29% YoY to Rs 591 crore, against Rs 458 crore last year, with the operating margin improving to 2% from 1.8% in the same period last year. The company also reported consolidated global revenues of Rs 29,118 crore, marking a 17% YoY increase.
Regional and segmental performance
Redington said its India and UAE businesses each grew 23% YoY, while Saudi Arabia (KSA) expanded 10% YoY. The Africa region continued its positive growth trajectory during the quarter.
The Software Solutions Group led the performance, posting a 48% YoY rise, supported by strong traction in cloud, software, and cybersecurity segments.
The Mobility Solutions Group (MSG) grew 18% YoY, aided by higher demand in the premium smartphone segment, new product introductions, and strong execution of its direct-to-retail model.
The Technology Solutions Group (TSG) recorded 9% growth, backed by strong enterprise demand and large-deal wins, while the Enterprise Solutions Group (ESG) rose 11% YoY, driven by the growing AI PC adoption in India.
Stock performance
At 9:34 AM, Redington shares traded at Rs 276.80, up Rs 26.55 from the previous close of Rs 250.25, valuing the company at a market capitalization of Rs 21,616 crore on the NSE. The stock has a P/E ratio of 13.21 and a dividend yield of 2.46%.
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