Redington (REDINGTON) Q1 26/27 earnings summary

Executive summary

• Q1 FY2027 delivered record revenue and profitability, with consolidated revenue up 34% year-on-year to INR 34,966 crore and PAT up 77% to INR 486 crore, the highest ever.

• India led growth with top-line up 63% and PAT up 60%, while all business units in India posted strong double-digit growth despite geopolitical challenges.

• ProConnect subsidiary and all major segments achieved all-time high quarterly revenues, supporting overall group performance.

• Unaudited standalone and consolidated financial results for Q1 FY2026-27 were approved and reviewed by the Board and auditors on July 29, 2026.

Financial highlights

• Global revenue grew 34% YoY to ₹34,966 Cr; EBITDA up 67% to ₹751 Cr; PAT up 77% to ₹486 Cr.

• Excluding Arena, revenue grew 41% YoY to INR 33,794 crore and profit reached INR 517 crore.

• Working capital days improved to 32 from 37 year-on-year; ROCE at 22%.

• SISA revenue up 63%, EBITDA up 50%, PAT up 56%; ROW revenue up 6% (incl. Arena), EBITDA up 121%, PAT up 143%.

• Consolidated revenue for Q1 FY2026-27 was ₹34,922.47 crore, with consolidated profit at ₹453.49 crore.

Outlook and guidance

• Data center deal pipeline is strong, with expectations of continued large deal execution in coming quarters.

• Focus on accelerating business growth through digital platforms, subscription models, and expanding software and cloud portfolios.

• Q2 is expected to be strong due to festive season and new product introductions, but price hikes in PCs and smartphones may dampen consumer demand in later quarters.

• The company continues to monitor geopolitical risks in the Middle East but does not foresee material adverse effects on its financial position as of the reporting date.