Redington Limited · NSE:REDINGTON
Redington — Q1 FY26 Earnings Presentation
44 slides from Redington's earnings presentation, Jul 30, 2025
Slide 1: Exchange filing cover letter
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 July 30, 2025 The National St
Slide 2: Earnings Presentation Q1FY26
EARNINGS PRESENTATION Q1FY26
Slide 3: 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 4: Financial Highlights
Financial Highlights Highest Ever Revenue achieved in any Q1 • Q1FY26 – YoY growth • Global excl. Arena - Revenue grew by 24%, EBITDA grew by 11% and PAT grew by 15% • SISA – Revenue grew by 23%, EBITDA grew by 19% and PAT grew by 29% • ROW excl. Arena – Revenue grew by 25%, EBITDA de-grew by 4% and
Slide 5: Financial Highlights: SISA Business
Financial Highlights SISA PAT grew faster than Revenue SISA BUSINESS Q1FY26 YoY Revenue grew by 23%, EBITDA grew by 19% and PAT grew by 29% ROCE was at 23% and ROE at 21%. WC days stood at 36 days, no change on YoY basis. YoY Strong growth across all BUs - CSG grew by 44%, MSG grew by 39%, TSG grew
Slide 6: Financial Highlights: ROW Business
Financial Highlights ROW BUSINESS Q1FY26 ROW excl. Arena – Revenue grew by 25%, EBITDA de-grew by 4% and PAT de-grew by 5% ROW – WC days stood at 40 days, decreased by 3 days on YoY basis ROW - YoY Strong growth in MSG by 49% and CSG by 38% PROCONNECT GLOBAL • YoY Revenue grew at 9%, EBITDA grew at
Slide 7: Historical Q1 Snapshot Excluding Arena
Historical Q1 Snapshot Excluding Arena 3.00% EBITDA% (Excluding Arena) 2.66% 2.50% 2.83% 2.34% 2.22% 2.03% 2.07% 2.09% 1.92% 1.94% 2.00% 1.78% COVID 1.50% 2.06% • Average have been 1.00% calculated excluding COVID 0.50% years 0.00% Q1FY17 Q1FY18 Q1FY19 Q1FY20 Q1FY21 Q1FY22 Q1FY23 Q1FY24 Q1FY25 Q1FY2
Slide 8: Q1 FY26 Performance Snapshot
Q1 FY26 Performance Snapshot
Slide 9: Q1FY26 Redington Global Excl. Arena Performance
Q1FY26 Redington Global Excl. Arena Performance REVENUE GM EBITDA PAT 24% 13% 11% 15% 23,934 19,328 1,194 1,060 452 500 315 274 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 ₹ in Cr
Slide 10: Q1FY26 Redington Global Performance
Q1FY26 Redington Global Performance REVENUE GM EBITDA PAT 22% 10% 6% 12% 26,002 1,334 1,209 21,335 424 450 275 246 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 ₹ in Cr
Slide 11: Q1FY26 Performance by Market
Q1FY26 Performance by Market REVENUE GM EBITDA PAT 23% 14% 19% 29% 13,003 340 631 210 553 286 SISA 10,584 163 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 21% 7% 21% 21% ROW 12,999 10,752 702 656 138 109 83 65 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 ₹ in Cr
Slide 12: Q1FY26 Performance by Market (Excl. Arena)
Q1FY26 Performance by Market (Excl. Arena) REVENUE GM EBITDA PAT 25% 11% 4% 5% ROW Excl. Arena 10,931 8,745 507 563 167 160 111 105 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 ₹ in Cr
Slide 13: Q1FY26 Contribution by Market
Q1FY26 Contribution by Market REVENUE GM EBITDA PAT 24% 24% 33% 34% 50% 50% 54% 53% 76% 76% 67% 66% 50% 50% 46% 47% Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26
Slide 14: Q1FY26 Working Capital Days
Q1FY26 Working Capital Days SISA ROW GLOBAL 3 2 6 3 3 43 40 39 36 36 37 37 34 30 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26
Slide 15: Q1FY26 Top Vendors
Q1FY26 Top 5 Vendors REVENUE 40% 37% OTHERS SAMSUNG 6% DELL EMC 7% 6% LENOVO 5% 8% HP Inc 8% 9% APPLE 10% 30% 34% Q1FY25 Q1FY26
Slide 16: Q1FY26 Verticals Revenue
Q1FY26 Verticals Revenue SISA ROW GLOBAL Verticals Q1FY25 Q1FY26 YoY Q1FY25 Q1FY26 YoY Q1FY25 Q1FY26 YoY ESG 3,804 4,014 6% 3,511 3,529 1% 7,315 7,544 3% TSG 3,020 3,799 26% 2,561 2,937 15% 5,581 6,735 21% MSG 3,157 4,387 39% 3,896 5,793 49% 7,052 10,180 44% CSG 448 647 44% 450 623 38% 899 1,270 41%
Slide 17: Q1FY26 Free Cash Flow Statement
Q1FY26 Free Cash Flow Statement Particulars (₹ in Cr) Q1FY25 Q4FY25 Q1FY26 Profit Before Taxation 292 1,148 304 Non-cash items 41 (525) 137 Finance Cost 60 82 92 Changes in Working Capital (641) (356) (1,323) Direct Tax Paid (116) (141) (73) Net Cash Flow from Operations (363) 208 (863) Capex (16) (
Slide 18: Shareholding Pattern
Shareholding Pattern Others Others 24.0% 23.3% Synnex Synnex Technology Technology International International Corporation Corporation 24.1% 24.1% Insurance Insurance Companies Companies 2.9% 3.3% Mutual Funds Mutual Funds FPIs 11.2% FPIs 12.1% 36.4% 38.5% Mar-2025 Jun-2025
Slide 19: Connecting The Dots
Investor Contacts Vijayshyam Acharya K Compliance Officer 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 - L52599TN1961PLC028758 Transformation from ‘Pr
Slide 20: Corporate @Redington
CORPORATE PRESENTATION @Redington
Slide 21: 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 22: 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 23: 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 24: Company history 1993-2014
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 25: Company history 2015-2024
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 26: 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 27: 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 28: Portfolio
Portfolio End Point Solutions Group Technology Solutions Group Mobility Solutions Group Cloud Solutions Group PCs, Laptops, Desktops, Networking, Software, Smartphones Cloud Resell, Managed All-in-Ones, Printers, Server & Storage, Licensing & Services Consumables & Accessories Subscription, Enterpri
Slide 29: Brand Collaboration Top Brands
Brand Collaboration Top Brands Enviable Partnerships with ~450 brands The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only.
Slide 30: Presence: Global Footprint
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 31: 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 32: Shareholders
Others 23.3% Synnex Shareholders Technology International Corporation 24.1% Insurance Companies 2.9% Mutual Funds 11.2% FPIs (Corporates) Shareholding date: 30 June 2025 38.5%
Slide 33: 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 34: 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 V
Slide 35: 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 36: 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 37: 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 38: 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 39: 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 40: 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 41: 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 ROC
Slide 42: Q1 FY26 Performance Snapshot
Revenue EBITDA PAT Q1 FY26 22% 6% 12% Performance Q1 FY26 ₹26,002 Cr. Q1 FY26 ₹450 Cr. Q1 FY26 ₹275 Cr. Snapshot Q1 FY25 ₹21,335 Cr. Q1 FY25 ₹424 Cr. Q1 FY25 ₹246 Cr. Net Debt - Equity ROE ROCE Q1 FY26 0.23x Q1 FY26 12.6% Q1 FY26 14.5% Q1 FY25 0.21x Q1 FY25 13.0% Q1 FY25 16.1% WC Components (days of
Slide 43: Awards
Certified MEA Linked TOP COMPANIES Indi LEED PLATINUM P REDINGTON e 3s LIMITE! = frortune} 7900,
Slide 44: Thank You
THANK YOU @Redington