BSE 500 Stock Up 42% YTD, Q4 Profit Soars 183% YoY: What's Next Before A Breakout?

On Tuesday, May 20, Redington Limited, a Fortune India 500 company as well as a leading provider of technological solutions, closed at Rs 282.55 per share on the BSE following a new 52-week high of Rs 306.85. Redington has gained more than 48% in the previous six months and more than 42% year to date. After breaking the revenue barrier with Rs 99,562 Cr in FY25 and attaining record-breaking revenue and robust profit growth across key areas and geographies, Redington is likely to continue to attract the attention of market observers today.

Redington Dividend

"For the financial year ended March 31, 2025, the Board considered and recommended a dividend of Rs. 6.80 (340% of face value) per equity share of Rs. 2/- each, subject to approval of shareholders of the Company at the ensuing Annual General Meeting('AGM'). The Company has fixed Friday, July 4, 2025 as the Record Date for the purpose of determining the names of shareholders eligible for the aforesaid dividend. Such dividend, upon approval by the shareholders at the ensuing AGM, will be paid/dispatched within 30 days from the date of AGM," said Redington in a stock exchange filing.

Redington Q4FY25 Results

In the March 2025 quarter, the company's net profit increased 183% year on year to Rs 917.7 crore from Rs 323.9 crore during the same period the previous year. Additionally, the company's revenue increased significantly by 17.9% during the quarter, from Rs 22,433.4 crore in Q4 FY2024 to Rs 26,439.7 crore. EBITDA for the quarter surged by 30% to Rs 596.9 crore in Q4FY25 from Rs 459.3 crore during Q4FY24. Redington reported record-breaking consolidated revenues of Rs 99,562 crore for the entire year FY25, an 11% YoY increase, and a consolidated PAT of Rs 1,340 crore (excluding divestment gain). All business lines showed consistent profitability as normalized PAT climbed 10% YoY.

Redington Share Price Target

"Redington has been consolidating between ₹275 and ₹290. Support at ₹275 has held firm, while resistance resides at ₹290-₹295. A decisive move above ₹295 could lead to a rally toward ₹310. On the downside, a slip below ₹275 may see the stock test ₹265. Volume is stable, and momentum indicators are neutral. Traders may look to accumulate near ₹280 with a stop-loss at ₹270, waiting for a breakout above ₹295 to confirm renewed upside," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

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