The company posted consolidated global revenues of Rs 29,118 crore, up 17% year-on-year (YoY), while net profit rose 32% YoY to Rs 388 crore, from Rs 293 crore in the same quarter last year. Profit after tax margin stood at 1.57% (excluding Arena).
Growth was broad-based across regions, India and the UAE registered 23% YoY growth each, while Saudi Arabia and Africa grew 10% and continued their upward trend, respectively.
“Our Q2 results highlight the strong momentum in our Software Solutions business, alongside continued growth in our core hardware portfolio,” said V.S. Hariharan, Managing Director and Group CEO of Redington Ltd. He added that as enterprises modernize for an AI-driven future, Redington is enabling this transformation through scalable offerings in Cloud, Cybersecurity, and Software Services.
The company’s Software Solutions group grew 48% YoY, led by demand for cloud, software, and cybersecurity services. The Mobility Solutions Group rose 18% YoY on strong demand in the premium segment and new product launches, while the Technology Solutions Group and Enterprise Solutions Group posted 9% and 11% growth, respectively.
Redington said it continues to evolve from a distribution-led organization into a comprehensive technology solutions platform, expanding its capabilities in AI-enabled services, cybersecurity, and managed services to tap opportunities in emerging technologies and digital ecosystems.In September, the counter witnessed robust investor interest amid iPhone 17 sales. Investor attention has remained strong as Redington handles the supply chain for IT and mobility products, including Apple’s iPhone. The company has a long-standing partnership with Apple, dating back to a 2007 distribution agreement for Apple products in India. Redington manages logistics, warehousing, and distribution to resellers and retailers across India, the Middle East, Turkey, Africa, and South Asia.Redington is a technology solutions distributor with operations in over 40 markets. The company works with more than 450 brands and 70,000 channel partners, offering end-to-end distribution of IT, telecom, lifestyle, and solar products. Redington focuses on bridging the gap between technology innovation and adoption, positioning itself as a key enabler in digital transformation.
At about 12:45 pm, shares of the company were trading at Rs 281, up 12.3% from the last close on the NSE. Redington shares are up 42% since the beginning of the year.