REDINGTONBSERedington LtdMediumNeutral
Announced Wed, 13 May · 21:27 IST

Investor Presentation

Mgmt Guided Margin ImprovementInvestor Communications View source PDF

REDINGTON · price

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Price reaction · full curve 14 horizons · vs prior close
+5.3%1-day move
₹210.54
prior close
₹212.50
base price
After-mkt
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+0.9+0.7+1.0+1.1+5.3+4.5+5.0+6.6+4.4+6.4+13.7+15.6+33.5
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AI summary

Redington reported its highest-ever quarterly revenue of ₹33,269 crore in Q4FY26, up 25% YoY, and highest-ever PAT (excluding Arena) of ₹489 crore, up 17% YoY. The company took an exceptional impairment charge of ₹152.3 crore on its Arena subsidiary in Turkey due to challenging economic conditions. Excluding Arena, global revenue grew 32% YoY with EBITDA up 7% and PAT up 17%. SISA (India, Singapore, South Asia) delivered exceptional growth with 48% revenue growth and 42% PAT growth. ROW (Rest of World) excluding Arena saw 12% revenue growth but EBITDA de-grew 17% due to margin pressure. The company cited the West Asia conflict starting February 2026 as temporarily impacting March performance. ProConnect Global crossed the ₹1,000 crore revenue milestone in FY26.

Likely market impact

The strong quarterly results show robust business momentum, though the Arena impairment is a one-time charge that will affect reported profits. The margin pressure in ROW and the geopolitical uncertainty in West Asia are concerns for investors. Working capital improvement (30 days, down 4 days YoY) and low debt (0.25x Debt-to-Equity) indicate a healthy balance sheet.