Redington Q1 net profit jumps 77%; shares rise nearly 18%
Technology distributor Redington reported a 77% surge in June-quarter net profit, prompting its shares to rise as much as 17.7% after the market opened.
Redington shares jumped up to 17.7% after the Indian technology distributor reported a 77% surge in June-quarter net profit, signalling stronger quarterly financial performance.
Why this matters
The profit surge follows Redington’s record revenue-and-profit report driven by India growth and its FY26 Rs 1 lakh crore revenue milestone, while Middle East shipments are being rerouted after the Hormuz closure.
Retail-company signals are accelerating, up 309050% quarter over quarter.