Redington (REDINGTON) Q4 25/26 earnings summary

Executive summary

• Achieved record quarterly and annual revenue in Q4FY26 and FY26, with consolidated revenue reaching INR 1,19,347 crores, up 20% year-over-year, and strong profit growth; India and SISA segments led performance.

• Quarterly profit (excluding exceptional items) reached INR 467 crores, with full-year PAT at INR 1,604.84 crores, up 17% year-over-year; PAT margin at 1.4% for Q4 and 1.3% for FY26.

• Arena impairment and Paynet divestment treated as exceptional items, excluded from adjusted results; impairment loss of INR 152.31 crores recognized on Turkish subsidiary's trade name.

• Dividend of INR 6 per share (30% of profits) recommended for FY 2025-26, subject to shareholder approval.

• Audited standalone and consolidated financial results for the year ended March 31, 2026, were approved with an unmodified audit opinion.

Financial highlights

• Q4FY26 global revenue up 25% YoY to INR 33,269 crores; FY26 global revenue up 20% YoY to INR 1,19,347 crores.

• EBITDA for FY26 was INR 2,414 crores, up 7% YoY; PAT for FY26 was INR 1,604.84 crores.

• SISA Q4FY26 revenue up 48% YoY, EBITDA up 25%, PAT up 42%; India distribution revenue up 50% YoY.

• ProConnect Global FY26 revenue up 14% YoY, EBITDA up 9%, PAT up 10%.

• Dividend payout ratio reduced to conserve cash for growth opportunities and to manage geopolitical risks.

Outlook and guidance

• India expected to maintain momentum, though some softness anticipated in Q1; Middle East to remain soft in Q1 and possibly Q2 due to ongoing conflict.

• Management focuses on operational efficiency, digital platforms, and expanding software and services, with ambition to grow software segment to 20% of business.

• SSG and cloud businesses expected to sustain or accelerate growth; security segment targeted for improvement.

• Company continues to monitor geopolitical risks in the Middle East and regulatory changes in India, with no material adverse effects currently identified.

• ASP-led growth to continue in the near term; volume growth marginal.