Redington posts record June-quarter growth as India business accelerates

Technology distributor Redington reported June-quarter revenue of Rs 34,922 crore, up 35% year on year, while profit after tax rose 77% to Rs 486 crore. India revenue grew 63%, supported by enterprise deals, premium mobility, cloud and cybersecurity demand.

— Source publishedThu, 30 Jul, 2026, 14:09 IST·First seen Thu, 30 Jul, 2026, 14:31 IST·Source Financial Express · BrandWagon

What happened

Technology distributor Redington posted record June-quarter revenue and profit, with India revenue up 63% and profit after tax up 60%. Growth was driven by

Key facts

  • Redington June-quarter revenue: Rs 34,922 crore, up 35% YoY
  • Redington profit after tax: Rs 486 crore, up 77% YoY
  • Redington EBITDA: Rs 707 crore, up 76% YoY
  • Redington EBITDA margin: 2.02%, versus 1.55% a year earlier
  • Redington India revenue growth: 63% YoY
  • Redington India profit after tax growth: 60% YoY

Why this matters

Redington’s momentum in enterprise, cloud and cybersecurity strengthens its position as a potential distribution partner or acquisition gateway to India’s high-growth technology market.

What to watch

  • Whether India revenue continues to outgrow consolidated revenue in the next two quarters.
  • Gross-margin and operating-margin movement, especially if device-led sales become a larger share of mix.
  • Receivable days, inventory levels, cash conversion and any increase in credit-loss provisions.
  • Disclosure of major enterprise, cloud, cybersecurity, AI infrastructure or premium-mobility vendor wins.
  • Demand commentary from key technology vendors and signs of PC, smartphone or data-center inventory correction.
  • Rupee movement and vendor pricing changes that could affect imported hardware economics.
  • Expand enterprise solution-selling capacity across cloud, cybersecurity, data center, AI infrastructure and managed services.
  • Use the stronger India performance to secure additional vendor authorizations, exclusive product launches and higher allocation of premium mobility devices.
  • Increase financing, receivables control and inventory-turn discipline as enterprise-led revenue scales.
  • Pursue cross-selling of software subscriptions, cloud consumption and security solutions to hardware customers to raise recurring gross profit.
  • Prioritize tier-2 and tier-3 city channel expansion where premium-device and SMB digitization demand is growing.