Shares of Redington rallied over 11 percent on Wednesday, November 3, after the technology solutions provider reported a strong set of earnings in the second quarter of the financial year 2026-27.

Redington shares opened at Rs 335.35. Following the announcement of the quarterly results today, the stock rallied 11.5 percent to touch an intra-day high of Rs 374 against the previous closing of Rs 335.35, on the BSE.

Redington’s consolidated profit after tax (PAT) reported an increase of 20.6 percent to Rs 422.5 crore in July-September quarter of FY27, compared with Rs 350.2 crore posted a year earlier.

Redington reported consolidated revenue of Rs 42,947 crore in Q2 FY27, representing year-on-year growth of 47.7 percent, against Rs 29,075.6 crore reported in the corresponding quarter of the previous financial year.

During the reporting quarter, earnings before interest, tax, depreciation and amortisation (EBITDA) increased 42.1 percent to Rs 840 crore, compared with Rs 591 crore in the year-ago quarter. EBITDA margin, however, fell marginally to 1.95 percent in Q2 FY27 against 2 percent in the year-ago period.

The company said the quarter’s performance was supported by growth across major business groups and key markets.

India business revenue grew 67 percent year-on-year, driven by enterprise technology and data centre investments, demand for PCs and mobility devices, and continued adoption of cloud and cybersecurity solutions.

Revenue across the Middle East and Africa increased 41 percent year-on-year, supported by demand for enterprise infrastructure, cloud and cybersecurity solutions.