Redington shares hit a record high on August 3 after the company reported outstanding Q1 FY27 results, driven by robust Apple sales in India and strong performance across multiple technology segments. The stock surged 7.6% to Rs. 346.20 on the NSE during Monday’s trading session, extending a five-session rally of 23%.
The company posted its highest-ever quarterly revenue of Rs. 34,966 crore, a 34% year-over-year increase. Profit after tax soared 77% to Rs. 486 crore, significantly outpacing revenue growth. India operations were a standout, with revenue climbing 63% and profit rising 60% during the quarter.
Redington attributed its India growth to large enterprise deals, stronger PC sales, premium smartphone demand, cloud services, and cybersecurity solutions. As a major Apple distributor in the region, the company benefited directly from Apple’s strong performance in India.
Apple reported June quarter revenue of $109.4 billion, up 16% year over year, with India among the markets recording double-digit growth. IDC India analyst Navkendar Singh noted that Apple’s India business still has a “long runway” as more consumers enter the market, supported by wider retail access, financing options, and local iPhone production.
International operations also contributed to Redington’s strong quarter. Revenue across the Middle East and Africa rose 15% year over year, driven by demand for cloud services and cybersecurity.
V S Hariharan, Managing Director and Group CEO, commented that Redington began FY27 with its “highest-ever quarterly revenue and profit,” highlighting stronger demand across technology distribution and profit growth that outpaced revenue expansion.
The combination of record Q1 results and Apple sales momentum has emerged as the key catalyst behind Redington shares reaching new highs.
Leave a Reply