Shares of Redington Ltd. climbed over 11% on Wednesday, reaching Rs 374, following the announcement of strong second-quarter earnings. The technology solutions provider reported its highest-ever quarterly revenue, alongside significant growth in profit and earnings before interest, tax, depreciation, and amortization (EBITDA).
The company's market capitalization rose to Rs 28,476 crore during the trading session. Today's rally contributes to a substantial 96% gain for Redington stock from its 52-week low of Rs 191.25 recorded on April 2, 2026.
Strong Financial Performance in Q2
Redington's revenue for the second quarter surged to a record Rs 43,002 crore, a substantial increase from Rs 29,118 crore reported in the same period last year. Net profit also saw a significant jump, climbing 50% to Rs 581 crore, up from Rs 388 crore year-on-year.
EBITDA for the quarter grew 41% to Rs 894 crore, compared to Rs 632 crore in the corresponding quarter of the previous fiscal year. This robust performance underscores the company's operational efficiency and market demand.
Key Growth Drivers Across Markets
The stellar Q2 performance was fueled by strong demand across Redington's major business groups and key markets. India's revenue alone grew by an impressive 67% year-on-year. This growth was primarily driven by investments in enterprise technology and data centers, robust demand for personal computers and mobility devices, and continued adoption of cloud and cybersecurity solutions.
Internationally, revenue across the Middle East and Africa regions increased by 41% year-on-year, supported by strong demand for enterprise infrastructure, cloud services, and cybersecurity solutions.
VS Hariharan, Managing Director & Group CEO of Redington Limited, commented on the results, stating, “Our Q2 performance reflects strong demand across key markets and the disciplined execution of our teams and partners. As customers invest in enterprise infrastructure, cloud, cybersecurity and AI, they need the right technologies and capabilities to work together. Our role as a technology ecosystem orchestrator is to connect these capabilities with our partner network, helping customers adopt, secure and manage their technology. We will continue to expand our market reach, deepen partner engagement and invest in services, digital routes to market and AI capabilities to support long-term growth.”
Redington is recognized as a Fortune 500 company and a crucial supply chain solutions provider, distributing a wide array of technology products, including IT hardware, software, and mobility devices. The company acts as a vital link between global technology brands and an extensive network of channel partners throughout emerging markets.