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The Economic Times

Business

Ritesh Presswala

Redington shares rally 15% after Q1 profit surges 77%; revenue rises 35% YoY

Redington Ltd shares rallied nearly 15% to Rs 329.10 during Thursday's trading session after the technology solutions provider reported a 77% year-on-year jump in net profit for the June quarter, backed by record revenue and strong growth across key business segments.

The company posted a Q1FY27 net profit of Rs 486 crore, compared with Rs 275 crore in the corresponding quarter last year. Excluding exceptional items, profit after tax (PAT) grew more than twice as fast as revenue, highlighting significant operating leverage.

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