Redington Limited · NSE:REDINGTON
Redington — Q4 FY25 Earnings Presentation
30 slides from Redington's earnings presentation, May 19, 2025
Slide 1: Earnings Presentation Q4FY25
EARNINGS PRESENTATION Q4FY25
Slide 2: 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 3: Paynet Divestment
Paynet Divestment Paynet Divestment completed in Q4FY25 • A definitive agreement was executed on May 06, 2024 between a step down subsidiary of the company, Arena Bilgisayar Sanayi Ve Ticaret A.S (“Arena”) and Iyzi Payment and Electronic Money Services Inc (“Iyzico”,), for the sale of 100% of the eq
Slide 4: Financial Highlights
Financial Highlights Q1FY25 Q2FY25 Q3FY25 Q4FY25 1.15% 1.17% PAT% 1.50% 1.51% 1.99% 2.06% 2.43% 2.52% EBITDA% Sequential improvement in profitability during CY25 3
Slide 5: Financial Highlights
Financial Highlights Highest Ever PAT achieved in any Quarter EBITDA and PAT grew faster than Revenue during the Quarter • Q4FY25 – YoY growth • Global excl. Arena - Revenue grew by 21%, EBITDA grew by 26% and PAT grew by 28% • SISA – Revenue grew by 25%, EBITDA grew by 21% and PAT grew by 27% • ROW
Slide 6: Financial Highlights
Financial Highlights Quarterly Global PAT exceeded INR400cr for two consecutive quarters • Key Metrics – Global • WC days for Q4FY25 is 34 days, no change on YoY basis • Q4FY25 - ROCE was 24% and ROE was 20% • Q4FY25 – CSG grew by 41% on YoY basis and TSG grew by 28% SISA : Singapore, India & South
Slide 7: Financial Highlights: SISA Business
Financial Highlights SISA BUSINESS Q4FY25 YoY Revenue grew by 25%, EBITDA grew by 21% and PAT grew by 27% ROCE was at 26% and ROE at 22%. WC days stood at 30 days, reduced by 3 days on YoY basis. YoY Strong growth across all BUs - MSG grew by 36%, TSG grew by 25%, ESG grew by 17% and CSG grew by 56%
Slide 8: Financial Highlights: ROW Business
Financial Highlights ROW BUSINESS Q4FY25 YoY Revenue grew by 11%, EBITDA grew by 28% and PAT grew by 19% WC days stood at 37 days, up by 3 days on YoY basis YoY Strong growth in TSG by 32% and CSG by 30% PROCONNECT GLOBAL • Revenue: Q4FY25 YoY growth of 6%, Full Year YoY growth of 10% • EBITDA : FY2
Slide 9: Q4 FY25 Performance Snapshot
Q4 FY25 Performance Snapshot
Slide 10: Q4FY25 Redington Global Excl. Arena Performance
Q4FY25 Redington Global Excl. Arena Performance REVENUE GM EBITDA PAT 21% 13% 26% 28% 24,301 1,311 20,090 659 1,157 420 525 327 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 ₹ in Cr
Slide 11: Q4FY25 Redington Global Performance
Q4FY25 Redington Global Performance REVENUE GM EBITDA PAT 18% 9% 24% 23% 26,510 1,469 1,344 667 22,513 539 400 326 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 ₹ in Cr
Slide 12: Q4FY25 Performance by Market
Q4FY25 Performance by Market REVENUE GM EBITDA PAT 25% 23% 21% 27% 13,465 371 662 216 307 SISA 10,810 539 171 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 11% 0% 28% 19% 13,045 ROW 11,703 806 807 296 185 231 155 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 ₹ in Cr
Slide 13: Q4FY25 Performance by Market (Excl. Arena)
Q4FY25 Performance by Market (Excl. Arena) REVENUE GM EBITDA PAT 17% 5% 32% 30% ROW Excl. Arena 10,836 619 649 204 9,280 288 217 156 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 ₹ in Cr
Slide 14: Q4FY25 Contribution by Market
Q4FY25 Contribution by Market REVENUE GM EBITDA PAT 43% 44% 48% 46% 52% 49% 60% 55% 57% 56% 52% 54% 48% 51% 40% 45% Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25
Slide 15: Q4FY25 Working Capital Days
Q4FY25 Working Capital Days SISA ROW GLOBAL 3 3 1 2 1 35 37 33 34 34 33 34 31 30 Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25
Slide 16: Q4FY25 Top Vendors
Q4FY25 Top 5 Vendors REVENUE 38% 40% OTHERS SAMSUNG 5% 5% DELL EMC 6% 7% LENOVO 6% 8% HP Inc 12% APPLE 10% 32% 31% Q4FY24 Q4FY25
Slide 17: Q4FY25 Verticals Revenue
Q4FY25 Verticals Revenue SISA ROW GLOBAL Verticals Q4FY24 Q4FY25 YoY Q4FY24 Q4FY25 YoY Q4FY24 Q4FY25 YoY ESG 3,371 3,930 17% 3,862 4,115 7% 7,233 8,045 11% TSG 3,487 4,374 25% 2,366 3,122 32% 5,853 7,496 28% MSG 3,246 4,408 36% 4,655 4,948 6% 7,901 9,355 18% CSG 378 590 56% 506 659 30% 884 1,249 41%
Slide 18: Q4FY25 Free Cash Flow Statement
Q4FY25 Free Cash Flow Statement Particulars (₹ in Cr) Q4FY24 Q3FY25 Q4FY25 Profit Before Taxation 381 513 1,148 Non-cash items 42 61 (525) Finance Cost 74 84 82 Changes in Working Capital 768 (2,473) (356) Direct Tax Paid (128) (118) (141) Net Cash Flow from Operations 1,137 (1,933) 208 Capex 44 (39
Slide 19: FY25 Performance Snapshot
FY25 Performance Snapshot
Slide 20: FY25 Redington Global Excl. Arena Performance
FY25 Redington Global Excl. Arena Performance REVENUE GM EBITDA PAT 14% 4% 12% 16% 90,465 4,809 4,606 79,398 2,192 1,953 1,394 1,199 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 ₹ in Cr
Slide 21: FY25 Redington Global Performance
FY25 Redington Global Performance REVENUE GM EBITDA PAT 11% 2% 5% 10% 99,562 5,329 5,448 89,610 2,257 2,141 1,340 1,219 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 ₹ in Cr
Slide 22: FY25 Performance by Market
FY25 Performance by Market REVENUE GM EBITDA PAT 18% 10% 13% 21% 50,070 1,312 42,404 1,159 2,445 787 SISA 2,223 649 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 5% 3% 4% 3% ROW 47,206 49,492 3,106 3,003 982 945 570 552 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 ₹ in Cr
Slide 23: FY25 Performance by Market (Excl. Arena)
FY25 Performance by Market (Excl. Arena) REVENUE GM EBITDA PAT 9% 1% 11% 10% ROW Excl. Arena 40,395 880 794 2,383 607 2,363 550 36,995 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 ₹ in Cr
Slide 24: FY25 Contribution by Market
FY25 Contribution by Market REVENUE GM EBITDA PAT 42% 41% 46% 47% 53% 50% 58% 55% 54% 58% 59% 50% 53% 47% 42% 45% FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25
Slide 25: FY25 Working Capital Days
FY25 Working Capital Days SISA ROW GLOBAL 1 6 2 40 34 34 34 36 33 FY24 FY25 FY24 FY25 FY24 FY25
Slide 26: FY25 Top Vendors
FY25 Top 5 Vendors REVENUE 39% 40% OTHERS SAMSUNG 5% 6% DELL EMC 7% 6% LENOVO 7% 8% HP Inc APPLE 11% 10% 31% 30% FY24 FY25
Slide 27: FY25 Verticals Revenue
FY25 Verticals Revenue SISA ROW GLOBAL Verticals FY24 FY25 YoY FY24 FY25 YoY FY24 FY25 YoY ESG 13,444 15,419 15% 16,340 16,400 0% 29,784 31,819 7% TSG 13,407 15,501 16% 10,114 11,741 16% 23,521 27,242 16% MSG 13,178 16,539 26% 18,072 17,886 -1% 31,250 34,425 10% CSG 1,375 2,041 48% 1,592 2,188 37% 2
Slide 28: FY25 Free Cash Flow Statement
FY25 Free Cash Flow Statement Particulars (₹ in Cr) FY24 FY25 Profit Before Taxation 1,575 2,335 Non-cash items 167 (380) Finance Cost 274 330 Changes in Working Capital (572) (1,463) Direct Tax Paid (459) (525) Net Cash Flow from Operations 985 298 Capex 0 (155) Outflow of Finance Cost (257) (325)
Slide 29: Shareholding Pattern
Shareholding Pattern Others Others 25.3% 24.0% Synnex Synnex Technology Technology International International Corporation Corporation 24.1% 24.1% Insurance Insurance Companies Companies 3.3% 3.6% FPIs Mutual Funds FPIs (Corporates) Mutual Funds 12.1% 36.4% 34.4% 12.5% Dec-2024 Mar-2025
Slide 30: Investor Contacts
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