Redington Ltd
Redington Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
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The short version
ESG (End Point Solutions Group & PCs): Short-term outlook is positive but with potential headwinds on quantity availability and supply-demand matching; volumes could be under pressure due to delayed refresh cycles. The company expects continued growth, particularly in the Software Solutions Group (SSG), targeting over 40% growth in upcoming years with investments in people and technology yielding long-term operating leverage.
From Redington Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- ESG (End Point Solutions Group & PCs): Short-term outlook is positive but with potential headwinds on quantity availability and supply-demand matching; volumes could be under pressure due to delayed refresh cycles.
- Mobility: Strong continued growth, especially in India's premium and direct-to-retail segments; however, Middle East and Africa may see slowing momentum in coming quarters.
- TSG (Technology Solutions Group): Moderate growth expected, with a 5% YTD growth but 7% decline in the recent quarter due to shift from on-prem to cloud; focusing on data center deals to sustain high single-digit growth.
- SSG (Software Solutions Group): High growth expected at 40%+ across all markets (India, Middle East, Africa, Turkey, Southeast Asia); strong expansion driven by cloud and solution investments.
2 more points from Redington Ltd's call on revenue
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Profitability & Margins
See what Redington Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Heavy capex of INR112 crores in Q3 was deployed across multiple areas.
- Investments include ProConnect infrastructure in India and the Middle East, including warehouses.
- Setting up AI Centers of Excellence (COEs) is underway, with part of that cost allocated to fixed assets.
- Net fixed assets increased by INR60 crores year-on-year (from INR591 crores to INR653 crores).
- Continuing to invest in SSG (Strategic Services Group) operations, including technology and people, to drive above-average profitability, with a 3-year investment horizon.
- Ongoing investments in Professional Services, cloud platforms, automation, and customer engagement capabilities.
2 more points from Redington Ltd's call on capex
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Top-ranked in Commercial Services & Supplies
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The company mentioned closing some very nice deals in TSG (Technology Solutions Group) in Q3, though full recognition of these deals is expected in Q4 and Q1.
- Timings for some large deals have shifted to Q4 and Q1.
- Management intends to share details about the size of large deals per quarter when ready.
2 more points from Redington Ltd's call on order book
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Redington Ltd — Quarterly revenue & net profit
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.
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What Redington's management said in earlier quarters
- Q4 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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FY25: INR 3,927.1 Mn (77.5% YoY growth from FY24) . Key investor presentation takeaways from Eleganz Interiors Ltd's Q3 FY26 investor presentation — and how it
- Kapston Services (Q3 FY26)
Revenue (Turnover) for Q3 FY26:** ₹212.85 crore (Page 20) . Key investor presentation takeaways from Kapston Services Ltd's Q3 FY26 investor presentation — and
- One Point One (Q3 FY26)
Q3FY26 Total Income: ₹81.3 crores, up 15.4% YoY . Key investor presentation takeaways from One Point One Solutions Ltd's Q3 FY26 investor presentation — and how
- Alldigi Tech (Q3 FY26)
Q3 FY26 Revenue: ₹152.7 Cr, a 9.5% year-on-year (YoY) increase and 3.6% quarter-on-quarter (QoQ) growth (Page 6, 13, 15, 23). Key investor presentation takeaway
Potential multibaggers · Q2 FY27
Potential multibaggers in Commercial Services & Supplies
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Redington Ltd Q3 FY26 results?
ESG (End Point Solutions Group & PCs): Short-term outlook is positive but with potential headwinds on quantity availability and supply-demand matching; volumes could be under pressure due to delayed refresh cycles. The company expects continued growth, particularly in the Software Solutions Group (SSG), targeting over 40% growth in upcoming years with investments in people and technology yielding long-term operating leverage.
What is Redington Ltd share price analysis?
Redington Ltd currently shows a neutral. The stock trades at a P/E of 15.1 with a market cap of ₹27,194 Cr. Investors should review the full earnings analysis for detailed insights.
Is Redington Ltd planning capital expenditure?
Heavy capex of INR112 crores in Q3 was deployed across multiple areas.
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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.