Redington

Q2 FY26

Redington Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue and margins.

Price₹384

Market cap₹30.0K Cr

P/E16.7

Updated16 Oct 2026

Read2 min read

The short version

Expectation to maintain around 15% CAGR growth in top line and bottom line, which is considered a good vision going forward. Redington aims to maintain around 15% CAGR growth in both top line and bottom line over the next 3-5 years.

From Redington's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Expectation to maintain around 15% CAGR growth in top line and bottom line, which is considered a good vision going forward.
Growth driven by transformation towards software and services, with this segment currently at 16% of business and expected to deepen due to AI and digital platforms.
Software Solutions Group (SSG) projected to be a significant contributor to future profitability and growth, targeting 30-50% growth in the next 6-12 quarters, up from ~22-23% last year.
Hardware business expected to face margin pressure due to commoditization, potentially limiting growth and profitability in that segment.
Continued growth momentum expected in key geographies: India (23%), UAE (23%), Saudi Arabia (10%), and GCCL (22%).

2 more points from Redington's call on revenue

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Profitability & Margins

Redington aims to maintain around 15% CAGR growth in both top line and bottom line over the next 3-5 years.
Software Solutions Group (SSG) is targeted for faster growth, aiming for 30%-50% growth in the next 6-12 quarters, up from 22%-23% last year.
Software and services now represent 16% of business mix and offer higher margins and profitability.
Large enterprise deals in Technology Solutions expected to contribute incremental revenue and margin, with cautious focus on ROCE.
Operating expenses (Opex) expected to rise incrementally, especially investments in SSG, but planned to grow slower than gross margins to maintain profitability leverage.

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Redington — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹33.2K Cr, net profit ₹288 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Redington Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Redington Q2 FY26 results?

What is Redington share price analysis?

Redington currently shows a neutral. The stock trades at a P/E of 16.7 with a market cap of ₹29,981 Cr. Investors should review the full earnings analysis for detailed insights.

Is Redington planning capital expenditure?

Investment plans are currently at an exploratory stage, especially related to the Software Solutions Group (SSG); specific outflow amounts are not yet disclosed.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.