Technology solutions provider Redington India Ltd reported a 2.6% year-on-year rise in net profit for Q3 at ₹413.4 crore, compared with ₹403 crore in the same period last year. According to reports from CNBC TV18, the profit after tax margin for the quarter stood at 1.41%, supported by balanced growth across business segments. Revenue grew 15.7% to ₹30,921 crore from ₹26,716 crore in Q3FY25, while EBITDA increased 3.8% to ₹625.8 crore from ₹603 crore a year ago, though the EBITDA margin contracted to 2% from 2.3% in the corresponding quarter of the previous year.
Key markets contributed significantly to the growth trajectory, with India recording 25% YoY growth, the UAE 19%, and Africa 14%. As reported by CNBC TV18, growth was supported by enhanced go-to-market alignment, expansion into new geographies, upcountry penetration, and increased channel partner width across markets. The company's performance demonstrates its transition from a distribution-led model to a comprehensive technology solutions provider, with demand remaining strong across cloud, cybersecurity, software, and enterprise infrastructure driven by investments in AI-enabled modernisation and digital transformation.
The software solutions group (SSG) grew 40% YoY on strong cloud adoption, cybersecurity engagements, and expanded software partnerships. According to CNBC TV18, the end-point solutions group (ESG) rose 21% YoY, driven by robust PC demand in India and the adoption of AI-enabled enterprise PCs. The mobility solutions group (MSG) increased 15% YoY, led by sustained premium segment demand and strong execution of the direct-to-retail model. However, the technology solutions group (TSG) declined 7% YoY, primarily due to the timing of large deal executions in India and overseas.
Shares of Redington Ltd ended at ₹282.75, up by ₹6.05, or 2.19%, on the BSE today, February 4. As reported by CNBC TV18, VS Hariharan, Managing Director and Group CEO, stated that the company's Q3 performance reflects disciplined execution and resilience amid a dynamic macro and geopolitical environment. Through their Unlock Next strategy, the company is enabling customers and partners to move from intent to impact, combining global scale, deep ecosystem partnerships, and integrated capabilities across cloud, data, and enterprise solutions.
