Redington Closes FY25 with ₹99,562 Cr Revenue, Cloud Business Soars 41 Percent

Redington Ltd has reported a historic financial performance for the fiscal year ending March 31, 2025. The company announced a consolidated annual revenue of ₹99,562 crore, marking a robust 11% year-on-year (YoY) growth, with strong gains across all business verticals and geographies. The momentum continued into the final quarter (Q4 FY25), with revenues of ₹26,510 crore, up 18% YoY, and profit after tax (PAT) reaching ₹400 crore, reflecting a 23% increase when adjusted for a one-time divestment gain.

This performance underlines Redington’s strategic shift from a traditional distribution model to becoming a full-stack digital and cloud solutions provider, capable of addressing the evolving technology needs of enterprises, SMBs, and channel partners. Notably, the company excluded a one-time profit of ₹537 crore from the divestment of its step-down subsidiary, Paynet Ödeme Hizmetler A.Ş., to present a more accurate picture of its core operational success.

India led the regional performance with an impressive 26% YoY revenue growth in Q4, followed closely by the UAE with 24%. The company also reported steady progress in Saudi Arabia and promising growth trends in the African region. This geographic expansion is a direct result of Redington’s investments in partner enablement, its growing solutions portfolio, and a deepened focus on digital transformation solutions across sectors.

Speaking on the results, V.S. Hariharan, Group CEO of Redington Ltd, stated, “Building on the momentum from Q3, our Q4 performance reinforces our commitment to sustainable and profitable growth. We have delivered stable results across markets and product lines, with a clear emphasis on cloud, AI, and services-led transformation. Our strategy to evolve from a distribution-led model to an ecosystem orchestrator is paying off.”

One of the standout highlights of the fiscal year has been the exponential growth in Redington’s cloud business, which expanded by 41% YoY. This growth reflects increasing enterprise adoption of subscription and consumption-based models, particularly in the SMB and mid-market segments. Redington’s cloud arm has consistently invested in partner certification programs, technical enablement, and multi-cloud solution development, which have significantly enhanced customer outcomes and vendor alignment.

In parallel, the Technology Solutions Group (TSG) recorded a 28% YoY growth, driven by several large enterprise deal wins and the onboarding of new global software vendors. The focus on building professional services capabilities and AI-driven solutioning has enabled the TSG to support more complex digital transformation mandates across sectors such as BFSI, healthcare, education, and manufacturing.

Beyond numbers, Redington’s evolution is rooted in its mission to bridge what it calls “Technology Friction” – the gap between rapid innovation and the pace at which technology is adopted by businesses. To bridge this gap, the company has doubled down on investments in digital tools, data intelligence, partner training, and localized support services.

Redington’s transformation into a digital-first, cloud-enabled, and services-driven organization has also seen the company expand into new-age areas such as Generative AI, Cybersecurity, Sustainable Tech, and Hybrid Work solutions. These domains, particularly generative AI, are increasingly being integrated into Redington’s go-to-market narratives, creating new revenue streams and deeper engagement with enterprise customers.

For the partner ecosystem, Redington’s FY25 results signal greater growth opportunities. With brands prioritizing consumption models and outcome-based services, partners aligned with Redington can now access bundled solutions that integrate hardware, software, cloud, and services – all under a single framework. This allows channel players to move beyond resale and focus on solutioning, deployment, and lifecycle management.

The company has also enhanced its partner programs with better margin structures, co-selling opportunities, digital marketing support, and access to Redington’s proprietary platforms for deal registration and opportunity tracking. These efforts have led to greater stickiness with system integrators (SIs), VARs, and ISVs across India and emerging markets.

Redington’s results come at a time when the global tech industry is witnessing fundamental shifts. With AI adoption rising, cybersecurity threats evolving, and sustainability becoming a boardroom priority, enterprises are increasingly turning to ecosystem-led providers who can offer bundled, scalable, and secure solutions. Redington’s ability to stitch together global vendor relationships with regional execution strength positions it well to capitalize on this shift.

On the financial front, the company’s board has recommended a final dividend of ₹6.80 per equity share. This equates to 39.5% of the consolidated net profit, excluding the one-time gain from the Paynet divestment, and reflects Redington’s continued commitment to delivering shareholder value.

With this fiscal milestone, Redington is now among a select group of Indian IT solution providers to near the ₹1 lakh crore revenue mark – a feat made possible by consistent innovation, strong leadership, and a deep understanding of market dynamics. As the company sets its sights on FY26, the focus will be on further scaling its cloud portfolio, doubling down on AI partnerships, expanding in newer markets like Central Asia and Southeast Asia, and strengthening its digital platforms for partners and customers.

In conclusion, Redington’s FY25 results are not just about revenue numbers; they are a testament to its successful pivot to becoming a strategic transformation enabler in a fast-evolving IT ecosystem. With its strong foundation, forward-looking strategy, and partner-first approach, Redington is poised to lead the next phase of digital acceleration across India and beyond.

This performance also sets a positive tone for the broader channel and IT distribution ecosystem in India, signaling that with the right mix of strategy, agility, and customer alignment, traditional players can successfully reinvent themselves for the digital-first economy.