Redington Q2 FY27 Revenue Climbs 48% to Rs 43,002 Crore

Redington Limited reported consolidated Q2 FY27 revenue of Rs 43,002 crore, up 48% year on year, and profit after tax excluding exceptional items of Rs 581 crore, up 50%, for the quarter ended September 30, 2026. The company also reported a PAT margin of 1.35%.

How did Redington perform in Q2 FY27?

Redington recorded 48% year-on-year revenue growth and 50% growth in PAT excluding exceptional items in Q2 FY27. Consolidated revenue was Rs 43,002 crore and PAT excluding exceptional items was Rs 581 crore for the quarter ended September 30, 2026, while the disclosed PAT margin was 1.35%.

PAT excluding exceptional items grew 2 percentage points faster than consolidated revenue, based on Redington’s stated 50% and 48% year-on-year rates. The release does not give prior-year revenue or PAT amounts, gross profit, operating profit, finance costs, tax expense, or a numerical exceptional-items reconciliation for the September 2026 quarter.

Redington separately reported PAT excluding Arena of Rs 657 crore, up 55% year on year, with a 1.57% margin. The company did not define Arena or explain the relationship between this measure and PAT excluding exceptional items, so the Rs 76 crore difference between the two disclosed profit figures cannot be assigned to a specific item from this announcement.

Which markets drove Redington’s Q2 FY27 growth?

India was Redington’s faster-growing disclosed geography in Q2 FY27, with revenue up 67% year on year versus 41% growth in the Middle East and Africa. The company linked India’s increase to enterprise technology and data-centre investment, demand for personal computers and mobility devices, and adoption of cloud and cybersecurity solutions.

Revenue in the Middle East and Africa rose 41% in the quarter ended September 30, 2026, supported by demand for enterprise infrastructure, cloud and cybersecurity solutions. India’s 67% growth rate was 26 percentage points above that of the Middle East and Africa, although Redington did not disclose revenue amounts, market shares or margins for either geography.

The company cited cloud, cybersecurity and enterprise technology demand in both disclosed markets, while personal computers and mobility devices were identified specifically as India drivers. Redington did not allocate its Rs 43,002 crore consolidated revenue between these geographies or link a business group directly to a country or region.

Which Redington business group grew fastest in Q2 FY27?

Technology Solutions Group was Redington’s fastest-growing disclosed business group, with revenue rising 91% year on year in Q2 FY27. Redington attributed the increase to enterprise and data-centre investment and demand for infrastructure modernisation.

Technology Solutions Group’s 91% growth was 43 percentage points above Redington’s 48% consolidated revenue growth. The release does not provide revenue amounts, margins or revenue mix for any of the four business groups, so their contributions to the consolidated result cannot be calculated from the announcement.

Mobility Solutions Group revenue increased 40%, supported by premium smartphone demand, new product introductions and retail-led distribution expansion. Software Solutions Group revenue rose 39% on cybersecurity, cloud, software, AI-enabled offerings and subscription-based models, while Endpoint Solutions Group grew 38% on commercial personal-computer demand and higher device prices.

What does Redington’s Arena-adjusted profit disclosure show?

Redington disclosed PAT excluding Arena of Rs 657 crore in Q2 FY27, compared with Rs 581 crore of PAT excluding exceptional items. The former measure grew 55% year on year and carried a 1.57% margin, while the latter rose 50% and had a 1.35% margin.

The Rs 76 crore arithmetic gap between the two profit measures should not be treated as the effect of Arena alone. Redington did not define Arena, identify a related transaction or business, state whether the Arena adjustment overlaps with exceptional items, or provide a reconciliation from reported PAT to either measure.

The margin excluding Arena was 0.22 percentage points above the stated PAT margin in Q2 FY27. Redington did not disclose prior-year margins for the 1.35% PAT margin or the 1.57% PAT margin excluding Arena, so the announcement does not establish a year-on-year change in either ratio.

Conclusion

Redington combined 48% consolidated revenue growth to Rs 43,002 crore with 50% growth in PAT excluding exceptional items to Rs 581 crore in Q2 FY27. India grew 67%, ahead of the Middle East and Africa at 41%, while Technology Solutions Group’s 91% revenue increase led the four disclosed business groups.

The next disclosed issue is execution of management’s plan to expand market reach, deepen partner engagement and invest in services, digital routes to market and artificial intelligence capabilities. Redington also said it is monitoring geopolitical developments to support operational resilience and business continuity across more than 40 markets, but the release gives no numerical target or scheduled update for these plans.