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Redington Stock Surges to Record High on Stellar Q1
30 Jul
Summary
- Redington achieved a life-time high share price of ₹338.50 post Q1 earnings.
- Q1 FY27 revenue reached a record ₹34,965.63 crore, up 34.5% YoY.
- Consolidated profit after tax surged 76.5% to ₹485.98 crore in Q1 FY27.
Redington's stock price surged to a new life-time high of ₹338.50 on Thursday, following the announcement of robust Q1 FY27 financial results. The company's share price has seen a substantial increase of 77% from its 52-week low.
The IT solutions provider reported a record revenue of ₹34,965.63 crore for the quarter ended June 2026, a 34.5% rise compared to the previous year. This growth was bolstered by strong performance in India, which saw revenue increase by 63% year-on-year.
Consolidated profit after tax attributable to shareholders more than doubled, jumping 76.5% year-on-year to ₹485.98 crore. This impressive earnings growth was broad-based, driven by strong execution across enterprise deals and various business segments.
The Software Solutions Group (SSG) experienced a 52% year-on-year growth, while Endpoint Solutions Group (ESG) and Technology Solutions Group (TSG) also reported significant gains. The company's diversified business model and disciplined execution were highlighted as key factors for this strong performance.
