Board recommends Dividend
REDINGTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Redington Ltd's board has recommended a final dividend of Rs. 6 per equity share (300% of face value) for FY2025-26, subject to shareholder approval at the AGM on July 29, 2026. The company reported strong consolidated revenue growth of 20% year-over-year to Rs. 1,19,162 Crores, driven by both India-South Asia and Rest of World segments. However, consolidated PAT declined significantly to Rs. 1,284 Crores from Rs. 1,821 Crores in FY25, impacted by a Rs. 152 Crores exceptional impairment charge related to the Turkey subsidiary Arena Bilgisayar due to challenging economic conditions. Standalone PAT also declined to Rs. 1,244 Crores from Rs. 1,444 Crores. Auditors Deloitte Haskins & Sells issued unmodified opinions on both standalone and consolidated financials.
Despite revenue growth, the significant PAT decline due to exceptional impairment may create short-term negative sentiment. However, the dividend recommendation signals management confidence and provides shareholder returns. The Turkey impairment is largely a non-cash write-down and the core business remains profitable.