Technology solutions provider Redington India Ltd on Wednesday (February 4) reported a 2.6% year-on-year rise in net profit for Q3 at ₹413.4 crore, compared with ₹403 crore in the same period last year. The profit after tax margin for the quarter stood at 1.41%, supported by balanced growth across business segments.
Revenue grew 15.7% to ₹30,921 crore from ₹26,716 crore in Q3FY25. EBITDA increased 3.8% to ₹625.8 crore from ₹603 crore a year ago, while the EBITDA margin contracted to 2% from 2.3% in the corresponding quarter of the previous year.
Key markets contributed to growth, with India recording 25% YoY growth, the UAE 19%, and Africa 14%. Growth was supported by enhanced go-to-market alignment, expansion into new geographies, upcountry penetration, and increased channel partner width across markets.
Also Read: Redington Q2 Results | Net profit surges 32% on broad-based growth across markets
Segment-wise, the software solutions group (SSG) grew 40% YoY on strong cloud adoption, cybersecurity engagements, and expanded software partnerships. The end-point solutions group (ESG) rose 21% YoY, driven by robust PC demand in India and the adoption of AI-enabled enterprise PCs.
The mobility solutions group (MSG) increased 15% YoY, led by sustained premium segment demand and strong execution of the direct-to-retail model. The technology solutions group (TSG) declined 7% YoY, primarily due to the timing of large deal executions in India and overseas.
The quarter’s performance demonstrates Redington’s transition from a distribution-led model to a comprehensive technology solutions provider. Demand remained strong across cloud, cybersecurity, software, and enterprise infrastructure, driven by investments in AI-enabled modernisation, digital transformation, and secure infrastructure.
Also Read: Redington shares rally 12% on strong Q2 results; Analyst sees stock at ₹370
VS Hariharan, Managing Director and Group CEO, Redington Ltd, said the company’s Q3 performance reflects disciplined execution and resilience amid a dynamic macro and geopolitical environment.
“Through our Unlock Next strategy, we are enabling customers and partners to move from intent to impact-combining global scale, deep ecosystem partnerships, and integrated capabilities across cloud, data, and enterprise solutions,” he said.
Also Read: Redington expects software and tech solutions business share to rise in second half
Shares of Redington Ltd ended at ₹282.75, up by ₹6.05, or 2.19%, on the BSE today, February 4.
