Redington Ltd announced its financial results for the quarter ended December 31, 2024 (Q3 FY25), delivering a strong performance across all business segments.
Key Financial Highlights:
Revenue grew 14% YoY to ₹26,764 Cr, the highest-ever quarterly revenue
Net Profit (PAT) increased 17% YoY to ₹400 Cr, the highest-ever quarterly PAT
EBITDA at ₹651 Cr, up 16% YoY
PAT margin improved to 1.50% in Q3 FY25 from 1.45% in Q3 FY24 and 1.17% in Q2 FY25
Strong execution across business segments and geographies drove this performance. Redington remained agile, adapting to market conditions while securing new opportunities. This success reflects the company’s deep brand and partner relationships, targeted growth initiatives, and investments in Redington-led go-to-market strategies.
Redington’s transformation into a holistic technology solutions provider continues to fuel its growth, addressing market demand across consumer devices and smartphones, SMB and enterprise technology solutions, including Cloud, servers, storage, networking, and security, as well as emerging technologies driven by Cloud, Generative AI, Cybersecurity, and Sustainable Technologies. Additionally, the company is catering to the evolving needs of hybrid work and learning solutions.
Performance Across Key Business Segments & Markets
Cloud business grew 42% YoY, maintaining strong momentum
Technology Solutions Group (TSG) business grew 28% YoY, driven by demand and large-scale project wins
Strong growth in UAE (24% YoY) and India (18% YoY)
Signs of recovery in Saudi Arabia and Turkey
Sustained momentum in Africa
V.S. Hariharan, Group CEO, Redington Ltd., said, “Our record-breaking Q3 FY25 performance is our commitment to innovation, adaptability, and execution excellence. By seamlessly integrating an omnichannel strategy, we are bridging the gap between brands, consumers, SMBs, and enterprises—delivering tailored go-to-market solutions and unlocking new growth opportunities.
At Redington, we are not just keeping pace with the industry; we are shaping its future. Through our investments in digital platforms, cutting-edge technology, and value-added distribution, we are empowering our partners and driving meaningful transformation. Moving forward as businesses increasingly adopt AI, cloud, and cybersecurity solutions, we are well-positioned to enable seamless technology access and accelerate digital adoption across markets.”
Redington is committed to bridging Technology Friction—the gap between rapid innovation and technology adoption—by focusing on Cloud and Digital. Through strategic investments in partner upskilling, expanding access to next-gen technology solutions, and driving industry-wide transformation, Redington is enabling businesses to harness the full potential of emerging technologies and stay ahead in a rapidly evolving digital landscape.
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