Redington Q1 profit rises 77% as quarterly revenue hits record ₹34,922 crore

Technology distributor Redington posted Q1 FY27 PAT of ₹486 crore, up 76.6% year on year, while revenue grew 34.6%. India Distribution revenue rose 63%, and ProConnect Global recorded its highest-ever quarterly revenue.

— Source publishedWed, 29 Jul, 2026, 18:44 IST·First seen Wed, 29 Jul, 2026, 18:48 IST·Source CNBC-TV18 · Companies

What happened

Redington Ltd · Indian technology distributor Redington reported record quarterly revenue and a 77% rise in Q1 FY27 profit. Its India Distribution unit

Key facts

  • Q1 FY27 PAT: ₹486 crore, up 76.6% YoY from ₹275 crore
  • Q1 FY27 revenue: ₹34,922 crore, up 34.6% YoY from ₹25,952 crore
  • EBITDA: ₹708 crore, up 76.8% YoY from ₹400 crore
  • EBITDA margin: 2.0%, versus 1.5% a year earlier
  • India Distribution revenue: up 63% YoY; EBITDA: up 54%; PAT: up 60%
  • Global working-capital days: 32, down five days YoY
  • Debt-to-equity ratio: 0.39x

Why this matters

ProConnect Global’s highest-ever quarterly revenue and accelerating India distribution business strengthen Redington’s strategic appeal as a scaled technology-channel partner.

What to watch

  • India Distribution growth rate and whether the 63% YoY increase sustains beyond the low-base or deal-driven quarter.
  • Gross-margin, EBITDA-margin and PAT-margin trends versus revenue growth.
  • ProConnect Global revenue growth, client additions and service-margin contribution.
  • Vendor commentary on PC, smartphone, server, cloud and AI-infrastructure demand.
  • Inventory days, receivable days, cash conversion and borrowing costs.
  • Rupee movement, import costs, vendor incentive structures and competitive distributor pricing.
  • Any concentration of quarterly revenue in a small number of vendors, large enterprise orders or one-off contracts.
  • Increase inventory and credit availability ahead of festive, enterprise-refresh and AI-infrastructure demand.
  • Prioritise higher-margin cloud, cybersecurity, data-centre, software and managed-services distribution over commodity hardware volume.
  • Use the strong India Distribution performance to deepen reseller coverage in tier-2 and tier-3 markets.
  • Expand ProConnect Global capabilities and cross-sell logistics, supply-chain and after-sales services to global technology vendors.
  • Maintain tight receivables and inventory discipline as rapid revenue growth raises working-capital and channel-credit risk.