Redington Share Price in Focus as It Declines 4.35% Amid Strong Growth and New Investments

Redington share price is trading at ₹231.43 on February 11, down 4.35% (-₹10.53) as of 1:45 pm on February 11, 2025. The stock opened at ₹242.00, reaching a high of ₹242.37 and a low of ₹229.63. The company has a market capitalisation of ₹18,120 crore, a P/E ratio of 14.29, and a dividend yield of 2.68%. Its 52-week high is ₹244.80, while the 52-week low is ₹158.61. Over the past 5 days, the stock has gained 12.34%, rising by 16.14% in 6 months, 26.80% in one year, and an impressive 286.00% over the past five years.

Financial Highlights

Redington Ltd posted a 15.8% year-on-year (YoY) increase in net profit for Q3 FY25, reaching ₹403 crore compared to ₹347.9 crore in the same period last year. Revenue grew 13.7% YoY to ₹26,716 crore, while EBITDA rose 16.5% to ₹602.4 crore, with the EBITDA margin improving slightly to 2.3% from 2.2%.

The company’s cloud business recorded a strong 42% YoY growth, while its technology solutions group (TSG) segment expanded by 28% due to increased demand and major project wins. Regionally, revenue surged by 24% YoY in the UAE, with positive recovery signs in Saudi Arabia and Turkey. Africa continued its growth trend, while India’s revenue rose 18% YoY.

Recent Developments

Redington Ltd announced a SAR 2 billion (₹4,400 crore) investment plan in Saudi Arabia over the next 10 years. The investment will cover the development of a new headquarters, an advanced automated distribution center, and initiatives to nurture local talent.

Viswanath Pallasena, CEO of Redington MEA, emphasised the company’s dedication to Saudi Vision 2030, which focuses on creating a vibrant society, a strong economy, and an ambitious nation. He stated that Redington aims to support the country’s transformation by aligning its efforts with this vision.

Redington’s Business and Global Presence

Redington is a global technology solutions provider specialising in IT, mobility, and supply chain services. The company has evolved from a traditional IT distributor into a full-service supply chain solutions provider, managing over 45,000 stock-keeping units (SKUs). It operates across India, the Middle East, Turkey, Africa, and South Asia, offering logistics, inventory management, and technology distribution services.

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