Redington posts 17% jump in Q3 net at ₹400 crore

Redington Ltd reported a net profit of ₹400 crore for the third quarter ended December 31, 2024. This was a 17 per cent increase over the same period last year’s figure of ₹348 crore. Revenue grew 14 per cent YoY to ₹26,764 crore (₹23,505 crore). This was the highest-ever quarterly revenue. There was strong execution across business segments and geographies drove this performance, says a release.

Cloud business grew 42 per cent YoY, maintaining strong momentum; Technology Solutions Group (TSG) business grew 28 per cent YoY, driven by demand and large-scale project wins; there was a strong growth in UAE (24 per cent YoY) and India (18 per cent YoY); signs of recovery in Saudi Arabia and Turkey and sustained momentum in Africa, the release said.

With its presence across 40 markets, 450+ brand associations, and 60,000+ channel partners, Redington enables end-to-end distribution for all categories of IT/ITeS, Telecom, Lifestyle, and Solar products in India, Singapore, South Asia, Middle-East, Africa and Turkey.

Redington’s share price on the NSE close at ₹215, up by ₹12.55 or 6.20 per cent.