Financial results for quarter and year ended March 31, 2025
Awaiting price reaction for this filing.
Redington Limited reported audited consolidated revenue from operations of Rs. 99,333.65 crore for FY25, up about 11% from Rs. 89,345.71 crore in FY24. Consolidated profit after tax jumped to Rs. 1,820.62 crore from Rs. 1,238.61 crore, boosted by an exceptional gain of Rs. 625.77 crore from the sale of its Turkish fintech subsidiary Paynet for Rs. 763.20 crore. On a standalone basis, revenue grew roughly 19% to Rs. 48,902.50 crore and PAT rose to Rs. 1,443.76 crore from Rs. 1,081.24 crore. The Board recommended a final dividend of Rs. 6.80 per share (340% of face value) with July 4, 2025 as the record date. Deloitte Haskins & Sells issued an unmodified audit opinion, and M/s. B Chandra & Associates was appointed as Secretarial Auditor for five years.
Headline earnings look strong, but most of the PAT jump came from a one-time Paynet divestment gain, so underlying operating growth is more modest. The healthy dividend and clean audit opinion are positive for shareholders, though standalone operating margin dipped from 2.60% to 2.33%, signalling some pressure on core profitability.