Redington Limited · NSE:REDINGTON
Redington — H1 FY26 Earnings Presentation
54 slides from Redington's earnings presentation, Nov 5, 2025
Slide 1: Filing cover letter to stock exchanges
Registered & Corporate Office Redington Limited Block3, Plathin, Redington Tower, Inner Ring Road, Saraswathy Nagar West, 4th Street, Puzhuthivakkam, Chennai -600091 Email: investors@redingtongroup.com CIN: L52599TN1961PLC028758 www. redingtongroup.com Ph: 044 4224 3111 November 05, 2025 The Nationa
Slide 2: Corporate Presentation
CORPORATE PRESENTATION @Redington
Slide 3: Contents
Contents 01 04 About Redington ESG & CSR 02 05 Shareholders, Board of Financials Directors & Leadership team 03 06 Our Strategy and Growth Vectors Recognitions
Slide 4: Disclaimer
This presentation contains “forward looking statements” including, but without limitation, statements relating to the Disclaimer implementation of strategic initiatives, and other statements relating to Redington Limited’s future business developments and economic performance. While these forward-lo
Slide 5: About Us
Redington ~5,100 Products , Service & Solutions Company Redingtonians creating a culture of inclusion, ABOUT US creativity, and innovation • An Emerging Markets Multinational with presence across 40 markets • Distributor entire gamut of IT products, Smartphones, Solar, etc. • Service & Solutions Man
Slide 6: Company history 1993 onwards
1993 - 98 2003 - 06 • Commenced IT distribution in • Strategic investment by India with HP Contract. Synnex with 36% equity. • Consolidated top 4 brands – • Investment by PE Fund HP, Epson, Seagate & Intel. Chrys Capital with 11% • Started Redington Services, equity. the backbone of Solutions • Fora
Slide 7: Company history 2015 onwards
2015 - 18 2023 - 25 • India’s No 1 Distributor by VAR India. • Launch of Cloud Portal, our first e- commerce platform for all cloud • ISO 27001 Certification. products. • Most Preferred Workplace 2023 • Evolved from a promoter led to a • Awarded LinkedIn Top Companies in board-governed and professio
Slide 8: Core Values
Core Values Uncompromising Results integrity through teamwork Being open, honest and Individual contribution key to direct in our dealings our success Being transparent with Ensure effective our communications collaboration and actions Respect and Trust Strive for excellence Fostering a culture High
Slide 9: Fundamental Drivers of Our Success
Fundamental Drivers of Our Success Most Trusted Distributor Complete Life Cycle Management Technology Solutions Inventory Risk Management Supply Chain Solutions Operational Excellence Financial Solution Coverage & Reach • Leading-edge tech • Optimized stock levels • Consistent delivery • Technology
Slide 10: Portfolio
Portfolio End Point Solutions Group Technology Solutions Group Mobility Solutions Group Software Solutions Group PCs, Laptops, Desktops, Networking, Smartphones Cloud Resell, Managed All-in-Ones, Printers, Server & Storage Services, Software Licensing Consumables & Accessories & Subscription, Enterp
Slide 11: Brand Collaboration & Top Brands
Brand Collaboration Top Brands Enviable Partnerships with ~450 brands Top 10 Brands Contribute to ~80% of the revenues Joint biz plans & initiatives Redington is represented in top PABs The next 400+ Brands Software, XaaS contribution growing New categories contribute to growth The Brand Names and L
Slide 12: Presence
Kazakhstan Presence Azerbaijan GLOBAL FOOTPRINT Morocco Turkey Jordan Kuwait Libya Qatar UAE Bangladesh Bahrain Senegal Egypt Oman Ghana Saudi Arabia India Malaysia Nigeria Côte d'Ivoire Sri Lanka Uganda Singapore #1 - #2 Kenya Across All Markets Rwanda 32 Tanzania In Country Presence 40 Markets Ser
Slide 13: Route to Market
Route to Market CHANNEL PARTNERS Commercial/Enterprise IT Consumer IT Mobility • System Integrators • Large Format Retailers • Large Format Retailers • Corporate Resellers • Hypermarkets • Exclusive Brand Stores • Cloud Partners & Providers • E-tailers • Hypermarkets • ISVs • Marketplace Players • E
Slide 14: Shareholders
Others 23.8% Synnex Shareholders Technology International Corporation 24.1% Insurance Companies 2.8% Mutual Funds 11.5% FPIs (Corporates) Shareholding date: 30 Sep 2025 37.7%
Slide 15: Board of Directors
Board of Directors Professor J. Ramachandran B. Ramaratnam Tu, Shu-Chyuan Chairman, Non- Executive Non Independent Director Non Executive Non Independent Director Independent Director V S Hariharan Anita P Belani Chen, Yi-Ju Managing Director & Group Independent Director Non Executive Non Independen
Slide 16: Leadership
V. S. Hariharan S V Krishnan Managing Director & Finance Director (Whole- Leadership Group CEO Time - Executive Director) Ramesh Natarajan Serkan Çelik Cem Borhan Sayantan Dev CEO, India & CEO, Turkey, Africa, CEO, Southeast & Global Head, Software Middle East Egypt & CIS South Asia Solution Group L
Slide 17: Corporate Strategy
Corporate Strategy Sustainable Profitable Accelerate Business Route to market Power of Core Growth Transformation “One Redington” Maintaining leadership Faster adoption of Segmented approach that Engaging our ecosystem position across subscription and enables high-touch by co-creating distinctive ge
Slide 18: Key Technology Trend
Key Technology Trend Technology Trends What it means for Redington GROWTH CAGR % 2024-32 Building a diverse product Enhancing support for portfolio catering to hybrid cloud migration and hybrid INDIA MEA 2025 Hybrid Cloud 21% 20% cloud requirements infrastructure management Global IT spend growth 9.
Slide 19: Biz Model Trends
Biz Model Trends Business Model Trends What it means for Redington • Focusing on life-cycle management and expand service offerings for Subscription Model long-term customer success Product to Services • Leveraging on technology to embrace recurring revenue models: invest in new cloud platform, buil
Slide 20: Approach towards ESG
Approach Our Sustainability Strategy towards ESG Reimagined Responsible Redefined Value Resilient Business 01 Efficiencies 02 Business Practices 03 Chain Engagement 04 1100 MW 3% 25% 80% Solar Capacity created Renewable energy Women representation on Board Trade vendors ESG aligned in India (2.5X Y-
Slide 21: Approach towards CSR
Approach Aligned to Business Social Cause Solve specific problems within towards CSR Leverage business processes, key partnerships and business thematic areas such as education, environment and health care expertise to create maximum value in focus areas basis the most REDINGTON FOUNDATION Key criti
Slide 22: Performance Since Listing
FY 07 8,667 FY 08 10,370 ₹ in Cr. FY 09 11,919 FY 10 13,162 Revenue FY 11 16,373 FY 12 20,780 FY 13 23,446 FY 14 CAGR 15% 27,244 FY 15 30,736 FY 16 34,420 FY 17 39,736 FY 18 41,642 FY 19 46,599 FY 20 51,514 FY 21 57,042 FY 22 62,732 FY 23 79,519 FY 24 89,610 FY 25 99,562 Performance Since listing FY
Slide 23: Shareholder Value Creation
Shareholder Value Creation EPS Book Value/Share Shareholder Payout# CAGR 21% 17.8 CAGR 14% ~42% of profit earned 107 17.1 16.4 15.6 60% 95 88 73 40% 40% 40% 39% 9.7 55 32% 55 6.6 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25* FY 20 FY 21 FY 22 FY 23 FY 24 FY 25* FY 20 # FY 21 FY 22 FY 23 FY 24 FY 25 ROE ROCE
Slide 24: Q2 FY26 Performance Snapshot
Revenue EBITDA PAT Q2 FY26 17% 23% 32% Performance Q2 FY26 ₹29,118 Cr. Q2 FY26 ₹632 Cr. Q2 FY26 ₹388 Cr. Snapshot Q2 FY25 ₹24,952 Cr. Q2 FY25 ₹515 Cr. Q2 FY25 ₹293 Cr. Net Debt - Equity ROE ROCE Q2 FY26 0.11x Q2 FY26 17.2% Q2 FY26 20.8% Q2 FY25 -0.02x Q2 FY25 15.3% Q2 FY25 21.4% WC Components (days
Slide 25: Awards
Certified MEA Linked TOP COMPANIES Indi
Slide 26: Thank You
THANK YOU @Redington
Slide 27: Earnings Presentation Q2FY26
EARNINGS PRESENTATION Q2FY26
Slide 28: Disclaimer
Disclaimer This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Redington Limited’s future business developments and economic performance. While these forward lo
Slide 29: Financial Highlights
Financial Highlights Highest Ever Revenue achieved in any Quarter PAT growth twice as fast as Revenue growth • Q2FY26 – YoY growth • Global excl. Arena - Revenue grew by 20%, EBITDA grew by 33% and PAT grew by 40% • Global incl. Arena - Revenue grew by 17%, EBITDA grew by 23% and PAT grew by 32% • S
Slide 30: Financial Highlights
Financial Highlights Highest Ever PAT achieved in any Q2 • Key Metrics – Global • WC days for Q2FY26 is 31 days, increased by 6 Days on YoY basis • Q2FY26 – SSG grew by 48% on YoY basis and MSG grew by 18% • Net Debt to Equity was at 0.11x • ROCE was at 20.8% and ROE was at 17.2% SISA : Singapore, I
Slide 31: Financial Highlights: SISA Business
Financial Highlights SISA maintained revenue and PAT growth momentum SISA BUSINESS Q2FY26 YoY Revenue grew by 22%, EBITDA grew by 19% and PAT grew by 22% ROCE was at 25% and ROE at 22%. WC days stood at 26 days, increased by 4 days on YoY basis. YoY Strong growth across all BUs - SSG grew by 53%, MS
Slide 32: Financial Highlights: ROW Business
Financial Highlights ROW BUSINESS Q2FY26 ROW – Revenue grew by 11%, EBITDA grew by 28% and PAT grew by 53% ROW – WC days stood at 34 days, increased by 4 days on YoY basis ROW - YoY Strong growth in SSG by 44% and MSG by 11% PROCONNECT GLOBAL • YoY Revenue grew at 10%, EBITDA grew at 24% and PAT gre
Slide 33: Q2 FY26 Performance Snapshot
Q2 FY26 Performance Snapshot
Slide 34: Q2FY26 Redington Global Excl. Arena Performance
Q2FY26 Redington Global Excl. Arena Performance REVENUE GM EBITDA PAT 20% 18% 33% 40% 27,112 1,350 22,638 637 1,147 425 479 303 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 ₹ in Cr
Slide 35: Q2FY26 Redington Global Performance
Q2FY26 Redington Global Performance REVENUE GM EBITDA PAT 17% 15% 23% 32% 29,118 1,495 1,305 24,952 632 388 515 293 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 ₹ in Cr
Slide 36: Q2FY26 Performance by Market
Q2FY26 Performance by Market REVENUE GM EBITDA PAT 22% 18% 19% 22% 15,482 701 237 595 375 194 12,660 SISA 315 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 11% 12% 28% 53% 13,636 ROW 12,292 793 710 257 151 200 98 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 ₹ in Cr
Slide 37: Q2FY26 ROW Excl. Arena
Q2FY26 Performance by Market (Excl. Arena) REVENUE GM EBITDA PAT 17% 17% 59% 73% ROW Excl. Arena 11,630 648 9,978 553 188 262 165 109 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 ₹ in Cr
Slide 38: Q2FY26 Contribution by Market
Q2FY26 Contribution by Market REVENUE GM EBITDA PAT 39% 34% 39% 41% 49% 47% 54% 53% 61% 66% 61% 59% 51% 53% 46% 47% Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26
Slide 39: Q2FY26 Working Capital Days
Q2FY26 Working Capital Days SISA ROW GLOBAL 4 4 6 10 6 6 40 36 37 34 30 31 26 25 22 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26
Slide 40: Q2FY26 Top Vendors
Q2FY26 Top 5 Vendors REVENUE 38% 41% OTHERS SAMSUNG 7% DELL EMC 6% 7% 4% LENOVO 8% HP Inc 11% APPLE 11% 9% 29% 29% Q2FY25 Q2FY26
Slide 41: Q2FY26 Verticals Revenue
Q2FY26 Verticals Revenue SISA ROW GLOBAL Verticals Q2FY25 Q2FY26 YoY Q2FY25 Q2FY26 YoY Q2FY25 Q2FY26 YoY ESG 4,230 4,891 16% 4,256 4,509 6% 8,486 9,400 11% TSG 2,745 3,040 11% 1,426 1,519 7% 4,172 4,559 9% SSG 1,387 2,127 53% 1,710 2,463 44% 3,097 4,590 48% MSG 4,169 5,283 27% 4,541 5,023 11% 8,710
Slide 42: Q2FY26 Free Cash Flow Statement
Q2FY26 Free Cash Flow Statement Particulars (₹ in Cr) Q2FY25 Q1FY26 Q2FY26 Profit Before Taxation 381 304 460 Non-cash items 44 137 62 Finance Cost 105 92 116 Changes in Working Capital 2,006 (1,323) 1,096 Direct Tax Paid (150) (73) (134) Net Cash Flow from Operations 2,386 (863) 1,600 Capex (18) (3
Slide 43: H1FY26 Performance Snapshot
H1FY26 Performance Snapshot
Slide 44: H1FY26 Redington Global Excl. Arena Performance
H1FY26 Redington Global Excl. Arena Performance REVENUE GM EBITDA PAT 22% 15% 22% 28% 51,046 740 2544 1,137 577 41,966 2207 931 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 ₹ in Cr
Slide 45: H1FY26 Redington Global Performance
H1FY26 Redington Global Performance REVENUE GM EBITDA PAT 19% 13% 15% 23% 55,120 2,828 1,081 939 663 46,287 2,514 539 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 ₹ in Cr
Slide 46: H1FY26 Performance by Market
H1FY26 Performance by Market REVENUE GM EBITDA PAT 23% 16% 19% 25% 28,485 1,332 447 23,244 1,147 715 357 SISA 600 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 16% 9% 8% 19% ROW 26,635 1,367 1,496 23,044 367 216 339 181 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 ₹ in Cr
Slide 47: H1FY26 ROW Excl. Arena
H1FY26 Performance by Market (Excl. Arena) REVENUE GM EBITDA PAT 21% 14% 27% 33% ROW Excl. Arena 22,561 18,722 1,212 1,060 293 422 331 220 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 ₹ in Cr
Slide 48: H1FY26 Contribution by Market
H1FY26 Contribution by Market REVENUE GM EBITDA PAT 36% 34% 34% 33% 50% 48% 54% 53% 64% 66% 66% 67% 50% 52% 46% 47% H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26
Slide 49: H1FY26 Working Capital Days
H1FY26 Working Capital Days SISA ROW GLOBAL 6 3 4 34 32 29 31 28 23 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26
Slide 50: H1FY26 Top Vendors
H1FY26 Top 5 Vendors REVENUE 39% 39% OTHERS SAMSUNG 7% 6% DELL EMC 6% 5% LENOVO 8% 10% HP Inc APPLE 11% 9% 29% 31% H1FY25 H1FY26
Slide 51: H1FY26 Verticals Revenue
H1FY26 Verticals Revenue SISA ROW GLOBAL Verticals H1FY25 H1FY26 YoY H1FY25 H1FY26 YoY H1FY25 H1FY26 YoY ESG 8,057 8,928 11% 7,764 8,034 3% 15,821 16,962 7% TSG 4,940 5,591 13% 2,775 3,043 10% 7,715 8,635 12% SSG 2,637 3,999 52% 3,385 4,510 33% 6,023 8,509 41% MSG 7,326 9,670 32% 8,427 10,809 28% 15
Slide 52: H1FY26 Free Cash Flow Statement
H1FY26 Free Cash Flow Statement Particulars (₹ in Cr) H1FY25 H1FY26 Profit Before Taxation 674 764 Non-cash items 85 199 Finance Cost 165 208 Changes in Working Capital 1,366 (227) Direct Tax Paid (266) (207) Net Cash Flow from Operations 2,023 737 Capex (34) (33) Outflow of Finance Cost (165) (121)
Slide 53: Shareholding Pattern
Shareholding Pattern Others Others 23.3% 23.8% Synnex Synnex Technology Technology International International Corporation Corporation 24.1% 24.1% Insurance Insurance Companies Companies 2.9% 2.8% Mutual Funds Mutual Funds 11.2% FPIs FPIs 11.5% 38.5% 37.7% Jun-2025 Sep-2025
Slide 54: Connecting The Dots
Investor Contacts Vijayshyam Acharya K Palak Agrawal Compliance Officer Head – Investor Relations Registered office: Block 3, Plathin, Redington Tower, Inner Ring Road, Saraswathy Nagar West, 4th Street, Puzhuthivakkam, Chennai - 600 091 https://www.redingtongroup.com Connecting The Dots CIN - L5259