Redington hits record high as Q1 profit rises 77%
Technology distributor Redington reported a 77% year-on-year rise in first-quarter profit, prompting its stock to touch a record high and signalling stronger momentum in electronics and IT distribution.
Indian technology distributor Redington hit a record high after reporting a 77% jump in first-quarter profit, signaling stronger financial performance for a key electronics and IT distribution player.
Why this matters
The result extends Redington’s recent growth pattern, following signals on a 77% Q1 profit rise, record June-quarter growth in India, and record Q1FY27 revenue and profit gains.
Retail-company signals are accelerating, up 259800% quarter on quarter.