Redington Q2 standalone profit climbs 58% to Rs 838.64 crore

Redington Limited reported standalone profit after tax of Rs 838.64 crore for the quarter ended September 30, 2026, up 58% year on year, as revenue from operations rose 66% to Rs 25,224.83 crore. Redington’s profit before tax reached Rs 973.99 crore, compared with Rs 608.36 crore a year earlier and Rs 433.84 crore in the June 2026 quarter.

What did Redington report for the September 2026 quarter?

Redington reported standalone revenue from operations of Rs 25,224.83 crore in the quarter ended September 30, 2026, against Rs 15,185.12 crore in the September 2025 quarter and Rs 20,753.20 crore in the June 2026 quarter. Revenue increased by Rs 10,039.71 crore year on year and by Rs 4,471.63 crore sequentially.

Total income was Rs 25,718.21 crore, including net other income of Rs 493.38 crore. This compared with total income of Rs 15,504.10 crore in the year-earlier quarter, including Rs 318.98 crore of other income, and Rs 20,778.40 crore in June 2026, when other income was Rs 25.20 crore.

Standalone profit after tax rose to Rs 838.64 crore from Rs 531.78 crore in September 2025 and Rs 321.01 crore in June 2026. Basic earnings per share were Rs 10.73, compared with Rs 6.80 a year earlier and Rs 4.11 in the prior quarter, while diluted earnings per share were Rs 10.13 in September 2026. The filing states that quarterly per-share figures are not annualised.

How did Redington’s standalone costs change in Q2?

Redington’s total standalone expenses increased to Rs 24,744.22 crore from Rs 14,895.74 crore in the September 2025 quarter. The Rs 9,848.48 crore increase was lower than the Rs 10,214.11 crore rise in total income. Against the June 2026 quarter, expenses rose by Rs 4,399.66 crore from Rs 20,344.56 crore.

Purchases of traded goods were Rs 24,398.79 crore, compared with Rs 15,521.05 crore a year earlier and Rs 21,204.18 crore in June 2026. Employee-benefit expense rose to Rs 130.56 crore from Rs 88.05 crore in September 2025, while finance costs increased to Rs 50.87 crore from Rs 31.66 crore. Depreciation and amortisation expense was Rs 11.67 crore, compared with Rs 9.97 crore a year earlier.

Other expenses reached Rs 235.89 crore, versus Rs 132.62 crore in the September 2025 quarter and Rs 161.54 crore in the preceding quarter. Changes in inventories of traded goods reduced expenses by Rs 83.56 crore in the September 2026 quarter, compared with reductions of Rs 887.61 crore a year earlier and Rs 1,178.52 crore in June 2026.

Current tax expense was Rs 136.81 crore, up from Rs 79.07 crore in the prior-year quarter and Rs 115.79 crore in June 2026. Deferred tax was a credit of Rs 1.46 crore in September 2026, compared with credits of Rs 2.49 crore a year earlier and Rs 2.96 crore in the prior quarter. These tax items followed profit before tax of Rs 973.99 crore.

What explains the sequential increase in Redington’s profit?

Redington’s profit before tax rose by Rs 540.15 crore, or about 125%, from Rs 433.84 crore in June 2026 to Rs 973.99 crore in September 2026. Total income increased by Rs 4,939.81 crore over the same period, exceeding the Rs 4,399.66 crore increase in total expenses. This arithmetic widened the difference between income and expenses despite finance costs rising by Rs 12.75 crore.

Net other income rose by Rs 468.18 crore from Rs 25.20 crore in June to Rs 493.38 crore in September. Revenue from operations accounted for the larger part of the movement, increasing by Rs 4,471.63 crore sequentially. Purchases of traded goods rose by Rs 3,194.61 crore, while the inventory-related reduction in expenses narrowed by Rs 1,094.96 crore.

Profit after tax increased by Rs 517.63 crore from Rs 321.01 crore in June 2026 to Rs 838.64 crore in September 2026. Total comprehensive income was Rs 839.50 crore, compared with Rs 319.64 crore in June and Rs 534.93 crore in September 2025. Other comprehensive income was Rs 0.86 crore in the September quarter after a loss of Rs 1.37 crore in June.

The September-quarter other comprehensive income included a Rs 1.22 crore foreign-exchange translation gain relating to foreign operations and a Rs 0.31 crore tax charge on that item. Redington also recorded a Rs 0.06 crore remeasurement loss on its defined-benefit plan, with Rs 0.01 crore of related tax. These items did not alter the reported standalone profit after tax of Rs 838.64 crore.

How did Redington perform in the first half of FY2026-27?

Redington’s standalone revenue from operations for the half year ended September 30, 2026 was Rs 45,978.03 crore, up from Rs 27,942.40 crore in the corresponding period of FY2025-26. Total income increased to Rs 46,496.61 crore from Rs 28,281.50 crore, including Rs 518.58 crore of other income in the latest half year.

Half-year profit before tax was Rs 1,407.83 crore, compared with Rs 877.71 crore a year earlier. Profit after tax increased to Rs 1,159.65 crore from Rs 731.99 crore. Basic and diluted earnings per share were both Rs 14.83 for the six months, against Rs 9.36 in the corresponding prior-year half, and the filing says half-year earnings per share are not annualised.

Total expenses for the first half were Rs 45,088.78 crore, compared with Rs 27,403.79 crore in the prior-year period. Purchases of traded goods were Rs 45,602.97 crore, employee-benefit expense was Rs 239.43 crore, finance costs were Rs 88.99 crore and other expenses were Rs 397.43 crore. Inventory changes reduced expenses by Rs 1,262.08 crore.

What does Redington disclose about its reporting basis and group operations?

Redington’s board approved the unaudited standalone and consolidated results on November 4, 2026, after Audit Committee review. Deloitte Haskins & Sells Chartered Accountants LLP conducted the limited review. The statements were prepared under Indian Accounting Standard 34, Interim Financial Reporting, and the filing cites Regulation 33 and Regulation 52(4) of the Securities and Exchange Board of India listing regulations.

The standalone figures cover Redington, while consolidated results include subsidiaries and the group’s interest in an associate. Consolidated revenue from operations was Rs 42,946.91 crore in the September 2026 quarter, compared with standalone revenue of Rs 25,224.83 crore. Consolidated profit after tax was Rs 422.51 crore, while the standalone statement reported Rs 838.64 crore.

For consolidated reporting, Redington identifies Singapore, India and South Asia, or SISA, and Rest of the World, or ROW, as reportable segments. SISA generated revenue of Rs 25,632.10 crore in the September quarter and ROW generated Rs 17,328.90 crore, before Rs 14.09 crore of inter-segment revenue. The group’s reported revenue from operations was Rs 42,946.91 crore after that elimination.

The filing also says Redington Gulf FZE recorded an impairment in its Turkey subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S., which was recognised as a consolidated exceptional item of Rs 80.33 crore. Redington said it continues to assess the evolving Middle East situation to mitigate prospective risks to its global footprint, while stating that it did not then foresee a material adverse effect on consolidated operations.

Conclusion

Redington’s standalone September-quarter results combined a 66% year-on-year increase in revenue to Rs 25,224.83 crore with a 58% rise in profit after tax to Rs 838.64 crore. Sequentially, profit before tax increased from Rs 433.84 crore to Rs 973.99 crore as the Rs 4,939.81 crore rise in total income exceeded the Rs 4,399.66 crore increase in expenses.

The next reported results will show whether the first-half revenue of Rs 45,978.03 crore and profit after tax of Rs 1,159.65 crore are sustained. Investors can also monitor Redington’s continuing assessment of the Middle East situation, following the Rs 80.33 crore consolidated exceptional impairment item relating to its Turkey subsidiary.