The situation has also increased working capital requirements due to higher inventory levels and customer requests for extended payment timelines, with the business prioritising capital preservation. In addition, freight, insurance and logistics costs have risen. Insurance providers have also revoked war risk coverage for companies operating in the region, and alternative arrangements are currently being evaluated.
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“At this stage, it is not possible to reliably quantify the financial impact, since the same would depend on the duration and intensity of the situation. The company will continue to closely monitor developments and keep stock exchanges informed of any material updates,” Redington said in a regulatory filing on March 16.
Redington is a leading global technology distributor and supply chain solution provider, specialising in distributing IT, mobility and consumer lifestyle products for over 450+ brands, including Apple, to 60,000+ partners. It operates across India, the Middle East, Turkey and Africa, providing cloud services, logistics and AI-driven solutions.
Redington Q3 snapshot
For Q3, it reported global revenues of Rs 30,959 crore, marking a 16% year-on-year increase, while net profit for the quarter stood at Rs 436 crore, up 9% from a year earlier. The company’s PAT margin for the quarter came in at 1.41%, supported by balanced growth across its business segments.
The strong performance was led by key markets, with India recording 25% year-on-year growth, followed by the UAE at 19% and Africa at 14%. According to the company, the growth was driven by stronger go-to-market alignment, expansion into new geographies, deeper upcountry penetration and a wider channel partner network across major markets.
Among business segments, the Software Solutions Group (SSG) posted the highest growth, rising 40% year-on-year, supported by strong cloud adoption, cybersecurity engagements and expanded software partnerships. The End-point Solutions Group (ESG) grew 21% year-on-year, aided by robust PC demand in India and increasing adoption of AI-enabled enterprise PCs.
The Mobility Solutions Group (MSG) recorded 15% year-on-year growth, driven by sustained demand in the premium segment and strong execution of the Direct-to-Retail model. Meanwhile, the Technology Solutions Group (TSG) declined 7% year-on-year, largely due to the timing of large deal executions across India and overseas markets.
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