Apple supplier Redington's shares surge 11% after stellar Q2 results: How to trade?

Apple supplier Redington witnessed an over 11% jump in its shares on Thursday, November 6, following a strong set of earnings for the quarter ended September 30.

Redington share price rallied as much as 11.7% to hit the day's high of ₹279.55 on the BSE in early morning trade as the company posted the highest-ever quarterly revenue and a strong double-digit growth in its profit after tax (PAT) for Q2 of fiscal 2025-26 (FY26).

Redington, on Wednesday, announced its strongest-ever quarterly performance, with consolidated global revenue of ₹29,118 crore, marking a 17% year-on-year (YoY) growth. Its net profit came in at ₹388 crore, a 32% increase compared to the same period a year ago, underscoring the company's focus on technology solutions evolution.

The growth momentum remained broad-based, said Redington, as India and the UAE business grew 23% YoY each, while KSA delivered a 10% growth, and Africa continued its upward growth cycle.

The results were supported by enhanced go-to-market alignment, deeper brand collaborations, and an expanded solutions portfolio, Redington said in a press release with the exchanges.

Segment-wise, Redington's software solutions group grew 48% YoY, supported by cloud, software and cyber security momentum. The Mobility Solutions Group (MSG) grew 18% YoY, driven by higher demand in the premium segment, new product introductions, along with a robust execution on Direct to Retail model.

TSG grew 9% YoY driven by stronger enterprise demand in the enterprise segment. Lastly, ESG grew 11 %YoY led by higher PC demand in India as AI PC penetration begins to accelerate.

More to come…

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