Redington Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2026.
REDINGTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Redington Limited reported audited consolidated revenue of Rs 1,19,162 Cr for FY26, representing approximately 20% growth compared to Rs 99,334 Cr in FY25. However, consolidated PAT attributable to shareholders declined significantly to Rs 862 Cr from Rs 1,758 Cr in the previous year, a drop of about 51%. The decline was primarily due to a Rs 152.31 Cr exceptional impairment loss on the trade name of Arena Bilgisayar, the company's Turkey subsidiary, reflecting challenging economic conditions there. The Board recommended a final dividend of Rs 6 per equity share (300% of face value) for FY26, subject to shareholder approval at the AGM scheduled for July 29, 2026. Deloitte Haskins & Sells issued an unmodified audit opinion on both standalone and consolidated financials. Mr. S V Krishnan was re-appointed as Finance Director for five years.
Despite strong revenue growth of ~20%, the significant PAT decline due to the Turkey impairment charge may create near-term sentiment concerns. However, the clean audit opinion and dividend recommendation provide some support for investors.