Synopsis:
Redington shares surged after iPhone 17’s India launch, reflecting strong pre-order demand. Apple remains its key client, contributing 34 percent to revenue, with a partnership spanning Mac, iPhone distribution, and retail operations.
During Friday’s trading session, shares of a leading Indian integrated technology solutions provider and Fortune India 500 company surged by more than 9 percent on BSE, after the launch of iPhone 17 in India.
At 10:33 a.m., the shares of Redington Limited were trading in the green at Rs. 311.65 on BSE, up by around 8 percent, as against its previous closing price of Rs. 288.1, with a market cap of Rs. 24,364 crores. The stock has delivered positive returns of nearly 63 percent in one year, and has gained by over 28 percent in the last five trading sessions.
What’s the News
On Friday, shares of Redington Limited surged over 9 percent following the launch of Apple’s iPhone 17 models in India. Redington is among the country’s leading distributors of Apple products in India.
Sales of the iPhone 17 series will officially begin in India today, 19th September (Friday), with pre-orders already underway. Redington has been a key distributor of Apple products in India since 2007, playing a pivotal role in Apple’s expansion across the market.
Pre-orders for the iPhone 17 opened on 12th September, and according to a few sources, demand for the new series has been exceptionally strong. Several models reportedly sold out during the pre-order phase, a trend that is believed to have fueled Redington’s stock surge.
Apple remains one of Redington’s most significant clients. As of Q1 FY26, Redington disclosed that Apple contributed 34 percent of its topline, up from 30 percent in FY25. This growing dependency highlights the strength of the partnership between the two companies. Earlier this week, on Tuesday, Redington’s shares even hit the 20 percent upper circuit ahead of the iPhone 17 launch. The newly released models are priced between Rs. 82,900 for the 256 GB variant and Rs. 1.9 lakh for the premium 1TB iPhone 17 Pro Max.
Between 2007 and 2010, the company entered into an agreement with Apple for the MAC business. Later, from 2011 to 2014, it expanded its partnership by taking on the distribution of Apple’s iPhone business.
Meanwhile, Redington (India) Investments Limited (RIIL), an associate Company of Redington Limited, managed Apple retail stores in South India through its wholly owned subsidiary, Currents Technology Retail (India) Limited.
Financials & more
Redington reported a significant growth in its revenue from operations, showing a year-on-year increase of around 22 percent from Rs. 21,282 crores in Q1 FY25 to Rs. 25,952 crores in Q1 FY26. Likewise, its net profit increased during the same period from Rs. 217 crores to Rs. 233 crores, representing a marginal rise of around 7 percent YoY.
In Q1 FY26, the company achieved robust growth, driven by its Cloud, Mobility, and Technology solutions businesses, which reported strong double-digit expansion. India, UAE, and KSA continued to provide significant momentum by delivering high growth and outperforming the market, while the African region remained stable.
Redington Limited operates as a distributor of information technology, mobility, and other technology products, while also providing comprehensive supply chain solutions. The company offers a wide range of products, including IT hardware, smartphones, and solar solutions, along with services and solutions such as managed services, cloud computing, logistics, business process management (BPM), BPO, and 3D printing.
The company has an operating branch in Singapore, while its subsidiaries and associates operate in India, the Middle East, Turkey, Africa, and South Asian countries.
With presence in more than 40 markets, 450+ brand associations, and over 70,000 channel partners, Redington enables end-to-end distribution for IT/ITeS, telecom, lifestyle, and solar products across various markets.
Written by Shivani Singh
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