Redington Q2 FY27 Results: Consolidated Net Profit ₹423 Crore on Total Income of ₹43,002 Crore
- Earnings
- IT distribution
Reviewed byKeshav SehgalBlacklitt Research
Redington (NSE: REDINGTON) reported total income of ₹43,001.55 crore and net profit of ₹422.51 crore on a consolidated basis for the quarter ended 30 Sep 2026, and total income of ₹25,718.21 crore and net profit of ₹838.64 crore standalone, it said in a filing on 04 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹43,001.55 crore, up 47.7% YoY and 22.9% QoQ
- Net profit and EPS: ₹422.51 crore, up 20.6% YoY and down 6.8% QoQ; basic EPS ₹6.92
- Exceptional item: ₹80.33 crore impairment of Arena trade name, reducing PAT attributable by about ₹39.68 crore
Standalone
The company on its own, without its subsidiaries
- Total income: ₹25,718.21 crore, up 65.9% YoY and 23.8% QoQ
- Net profit and EPS: ₹838.64 crore, up 57.7% YoY and 161.3% QoQ; basic EPS ₹10.73
- Other income: ₹493.38 crore, 1.9% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 43,001.55 | 29,118.37 | +47.7% | 34,985.63 | +22.9% | |
| Revenue from operations | 42,946.91 | 29,075.61 | +47.7% | 34,922.47 | +23.0% |
| Other income | 54.64 | 42.76 | +27.8% | 63.16 | -13.5% |
| 422.51 | 350.20 | +20.6% | 453.49 | -6.8% | |
| Profit before tax | 623.81 | 459.76 | +35.7% | 610.87 | +2.1% |
| Finance costs | 128.12 | 116.43 | +10.0% | 89.34 | +43.4% |
| Depreciation | 61.37 | 55.46 | +10.7% | 50.70 | +21.0% |
| Tax expense | 220.46 | 109.56 | +101.2% | 157.38 | +40.1% |
| Net profit margin | 0.98% | 1.20% | -0.22 pp | 1.30% | -0.31 pp |
| EPS, basic (₹) | 6.92 | 4.96 | +39.5% | 6.22 | +11.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated total income grew faster than net profit. Income rose 47.7% year on year, while net profit rose 20.6%, and profit before tax rose 35.7%. Tax expense rose 101.2% to ₹220.46 crore, which is 35.3% of profit before tax of ₹623.81 crore, so the tax line absorbed much of the gain before tax.
The statement shows a ₹80.33 crore exceptional item for an additional impairment of the trade name of Arena Bilgisayar, a Turkish subsidiary. The company says the impact on consolidated profit after tax attributable to shareholders is about ₹39.68 crore, after non-controlling interests. The impairment is one reason the quarter's figures are not directly comparable with the prior year, since the year-earlier quarter carried no such item.
Finance costs rose 10.0% to ₹128.12 crore, while revenue from operations rose 47.7%. Finance costs are 0.3% of total income. Consolidated total borrowings stood at ₹5,992.40 crore in current borrowings at 30 Sep 2026.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 25,718.21 | 15,504.10 | +65.9% | 20,778.40 | +23.8% | |
| Revenue from operations | 25,224.83 | 15,185.12 | +66.1% | 20,753.20 | +21.5% |
| Other income | 493.38 | 318.98 | +54.7% | 25.20 | n/a |
| 838.64 | 531.78 | +57.7% | 321.01 | +161.3% | |
| Profit before tax | 973.99 | 608.36 | +60.1% | 433.84 | +124.5% |
| Finance costs | 50.87 | 31.66 | +60.7% | 38.12 | +33.4% |
| Depreciation | 11.67 | 9.97 | +17.1% | 10.37 | +12.5% |
| Tax expense | 135.35 | 76.58 | +76.7% | 112.83 | +20.0% |
| Net profit margin | 3.26% | 3.43% | -0.17 pp | 1.54% | +1.72 pp |
| EPS, basic (₹) | 10.73 | 6.80 | +57.8% | 4.11 | +161.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone profit grew faster than consolidated profit. Net profit rose 57.7% year on year to ₹838.64 crore, and rose 161.3% from the previous quarter's ₹321.01 crore. Profit before tax rose 60.1% to ₹973.99 crore, and tax expense rose 76.7% to ₹135.35 crore.
Other income of ₹493.38 crore is 50.7% of standalone profit before tax of ₹973.99 crore, which is a large share of the result. The prior-year quarter had other income of ₹318.98 crore. Standalone other income in the quarter includes dividend income from subsidiaries, which the cash flow statement shows at ₹451.54 crore for the half year.
Standalone net worth was ₹5,992.95 crore at 30 Sep 2026, against ₹4,791.16 crore a year earlier. Standalone EPS was ₹10.73 against ₹6.80.
Inference
The filing reports dividends paid of ₹469.06 crore in the half year ended 30 Sep 2026 and standalone net worth of ₹5,992.95 crore. Two step-down subsidiaries, Aladeem Al Ahmar in Iraq and Redington Africa SEZ Limited in Kenya, were incorporated in the quarter.
The filing does not state the reason for the large rise in quarterly revenue and trade receivables, or whether a dividend has been declared for the quarter.
Filed with BSE on . Reference: Original filing (PDF)
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