Redington receives ₹148-crore GST demand for FY19-FY22

Integrated technology solutions provider Redington Ltd on Wednesday (December 31) disclosed that it has received a GST assessment order of ₹148.33 crore, including interest and penalty, from the additional commissioner, CGST, Gurugram Commissionerate, Gurugram.

According to the company’s exchange filing, the demand arises from the disallowance of input tax credit claimed during the said financial years under Section 74 of the GST Act. The assessment pertains to the financial years 2018-19, 2019-20

and 2021-22, covering a period of three years.

Also Read: Redington shares rally 12% on strong Q2 results; Analyst sees stock at ₹370

Redington said the order was received and uploaded on the GST portal on December 30, 2025. The company stated that there is no impact on its financials, operations or other activities. Based on its assessment and legal advice, Redington said it does not expect the order to have any material financial impact.

Second Quarter Results

Redington reported a 32% year-on-year growth in net profit to ₹388 crore for the quarter ended September 2025, compared with ₹283 crore in the same period last year.

Revenue from operations grew 16.8% year-on-year to ₹29,075.6 crore from ₹24,895.6 crore in the corresponding quarter of the previous year. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 29% to ₹591 crore in the second quarter, up from ₹458 crore in the year-ago period.

Also Read: Redington Q1 Results: Shares of company fall 7% despite growth in net profit, revenue YoY

Redington's operating margin stood at 2% in Q2FY26, compared with 1.8% in the same quarter last year. The company reported consolidated global revenues of ₹29,118 crore for the quarter ended September 2025, marking a 17% year-on-year increase. It said growth was driven by strong execution across key markets.

Shares of Redington Ltd ended at ₹272.40, down by ₹4, or 1.49%, on the BSE today, December 31.