Corporate Action - Record date for Dividend
REDINGTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Redington Limited reported FY2026 audited results with strong revenue growth but declining profits. Consolidated revenue rose 20% to Rs 1,19,162 Crores, while profit attributable to shareholders fell 29.5% to Rs 1,284 Crores due to a Rs 152.31 Crores exceptional impairment charge related to its Turkey subsidiary Arena. Standalone revenue grew 30.5% to Rs 63,801 Crores, but standalone profit declined 13.8% to Rs 1,244 Crores. The Board recommended a final dividend of Rs 6 per share (300% of face value) for FY2025-26, with July 3, 2026 as the record date. The company's auditor Deloitte Haskins & Sells issued an unmodified opinion. The AGM is scheduled for July 29, 2026.
The 20% revenue growth shows business expansion, but the significant 29.5% decline in consolidated profit due to exceptional items and impairment in Turkey operations is a concern. The dividend announcement provides shareholder returns. The clean audit opinion with no going concern issues is positive.