Redington Ltd

Q4 FY26Commercial Services & Supplies

Redington Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹351

Market cap₹27.2K Cr

P/E15.1

Updated23 Aug 2026

Read4 min read

The short version

Continued good demand in Middle East (SSG, TSG, mobility) with recovery dependent on crisis resolution, especially in UAE and Saudi. Redington expects growth momentum to continue in India and Africa, with some softness in the Middle East due to ongoing geopolitical challenges, especially in Q1 and possibly Q2 of FY27.

From Redington Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Continued good demand in Middle East (SSG, TSG, mobility) with recovery dependent on crisis resolution, especially in UAE and Saudi.
Africa performing well with strong growth in SSG and TSG; expected to sustain growth momentum.
Saudi showing subdued/full-year growth at 5%, with soft demand in IT; recovery expected to take time as government reprioritizes.
UAE grew 22% for full year, 6% in quarter despite Middle East war impact.
GCCL region grew strongly at 33% full year and 51% in quarter.
Large deals pipeline strong; expected increase in large deal participation supporting growth.
SSG segment growing above 30%, especially cloud and software; security segment targeted for improvement.
Price increases driving ASP-led growth; volume growth marginal.

2 more points management made on revenue & sales performance

Profitability & Margins

Redington expects growth momentum to continue in India and Africa, with some softness in the Middle East due to ongoing geopolitical challenges, especially in Q1 and possibly Q2 of FY27.
The Middle East, particularly UAE and GCCL regions, showed strong growth pre-crisis, but Saudi Arabia is expected to have slower recovery due to government reprioritizations.
The Software Solutions Group (SSG) aims to maintain gross margins between 5.5% to 6%, expecting improvement with professional services growth.
Operating profit and Return on Capital Employed (ROCE) are expected to be maintained strongly; ROCE targeted above 18%, currently near 20%.
Elevated operating expenses related to capability-building investments (especially technology and SSG) will persist for 1-2 years but seen as growth investments.
Overall, maintaining EBITDA margins around 2.2% to 2.4% is targeted.

2 more points management made on profitability & margins

See what Redington Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Redington is actively exploring inorganic growth opportunities, especially in professional services related to cloud and security.
Discussions are ongoing regarding potential targets to complement and enhance the Software Solutions Group (SSG).
The company is focusing on capability building through technology investments, particularly in SSG, which is expected to continue for 1-2 years.
There is an emphasis on conserving cash to support these growth opportunities and manage potential short-term geopolitical uncertainties.

2 more points management made on capital expenditure plans

Top-ranked in Commercial Services & Supplies

Ranked on what management guided this quarter

5x potential

1Bluspring Enter.₹2.2K Cr

Rev 1Mar 1

2Anlon Tech₹595 Cr

Rev 1Mar 3

3₹101 Cr

Rev 1Mar 3

4₹4.0K Cr

Rev 2Mar 1

5₹883 Cr

Rev 2Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

Redington Limited is cautious about evolving geopolitical uncertainties and has additional capital needs for growth opportunities.
They are conserving cash to handle higher working capital requirements due to large deals and inventory/AR needs.
The company is actively exploring inorganic growth opportunities, especially in professional services related to cloud and security.

2 more points management made on fundraising & capital structure

See what Redington Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

There is a good pipeline of large deals, especially in the data center market in India, which is expected to grow from 1.5 gigawatts to 7.5 gigawatts in a few years.
Some deals closed in the previous quarter are significantly larger and will show up in the current quarter.
The company is actively selecting deals based on profitability and ROCE metrics, balancing risk and returns.
SSG (Software and Services Group) continues to have tremendous room for growth, with cloud and software businesses growing above 30%.
Security business within SSG is growing slower and will be focused on for market share expansion.

2 more points management made on order book & pipeline

Redington Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

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

Full financials →

What Redington's management said in earlier quarters

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Frequently Asked Questions

What were Redington Ltd Q4 FY26 results?

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?

Redington is actively exploring inorganic growth opportunities, especially in professional services related to cloud and security.

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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.