Redington (REDINGTON) Q3 25/26 earnings summary

Executive summary

• Achieved record quarterly revenue of INR 30,959 crores (₹30,921.73 crore), up 16% year-over-year, and profit after tax (PAT) of INR 436 crores (₹413.39 crore), up 9% year-over-year.

• Growth was broad-based across geographies: India up 25%, UAE up 19%, GCC up 29%, Africa up 14%; SISA revenue grew 24% YoY, ROW excl. Arena up 18%.

• All major business units contributed to growth, with strong performance in mobility, endpoint solutions, and software solutions.

• 9MFY26 global revenue rose 18% YoY, with PAT up 17%.

• Total comprehensive income for Q3 FY2026 was ₹455.06 crore.

Financial highlights

• Q3FY26 global revenue: ₹30,959 Cr (+16% YoY), EBITDA: ₹663 Cr (+2% YoY), PAT: ₹436 Cr (+9% YoY).

• SISA Q3FY26 revenue: ₹16,600 Cr (+24% YoY), PAT: ₹218 Cr (+2% YoY); ROW excl. Arena Q3FY26 revenue: ₹12,803 Cr (+18% YoY), PAT: ₹261 Cr (+30% YoY).

• PAT margin for the group was 1.41%; excluding Arena, PAT margin was 1.56%.

• Free cash flow for Q3FY26: ₹217 Cr; for 9MFY26: ₹800 Cr.

• Basic and diluted EPS for Q3 FY2026 were ₹5.57 on a consolidated basis.

Outlook and guidance

• SSG expected to maintain 40%+ growth across all markets.

• Management highlights continued focus on operational efficiency, digital platforms, and expansion in growth geographies.

• Emphasis on subscription and consumption business models, and investment in cloud and software-led growth.

• Working capital days expected to normalize to 35-40 days; current low levels may not be sustainable long-term.

• Arena's losses expected to reduce further, aiming for break-even next year.