Rashi Peripherals Releases Transcript of Q2 FY27 Earnings Call
Rashi Peripherals released its Q2 FY27 earnings call transcript. Consolidated revenue grew 48.8% YoY to ₹6,185 crore, with EBITDA and PAT margins doubling. For H1 FY27, revenue increased 54.5% to ₹11,287 crore. The company is focusing on inventory conversion, VDA integration, and semiconductor JV. Sustainable EBITDA margins are projected at 2.75% by FY29-30.
The announcement provides detailed financial performance for the quarter and half-year, along with strategic outlook and management's commentary on growth drivers and future plans, which are crucial for investors.
The company reported strong financial results with significant year-on-year growth in revenue, EBITDA, and PAT for both the quarter and half-year. Management expressed optimism about future growth driven by market trends and strategic initiatives.
Rashi Peripherals Limited has announced the release of the transcript for their Analysts/Investor Earnings Call held on November 6, 2026. The call, which discussed the unaudited financial results for the quarter and half-year ended September 30, 2026, featured insights from Managing Director Kapal Pansari, Director and CEO Rajesh Goenka, and CFO Himanshu Shah.
During the call, management highlighted a significant year-on-year growth of 48.8% in consolidated revenue for Q2 FY27, with both PAT and EBITDA margins more than doubling. For the first half of FY27, consolidated revenue grew by 54.5%, with similar improvements in EBITDA and PAT margins. The company reported earning over 80% of the previous full year's profits in the first six months of FY27, alongside an improvement in gross margins and annualized returns on capital employed and equity nearing 23%. Working capital days improved to 55 from 61 a year ago. Management attributed the deliberate build-up of inventory and a rise in net debt to equity to 0.76x to strategic choices for securing supply and funding VDA acquisition.
The company emphasized its unique positioning as an Indian-focused technology distributor with a strategy to grow profits faster than revenue, build a strong margin profile, and achieve depth and breadth in its market reach. The development of engineering capabilities, including a joint venture with Restar Corporation for semiconductor and embedded solutions, and the integration of VDA Solutions for system integration, cybersecurity, and cloud services, were also key discussion points. Priorities for the second half of the fiscal year include converting inventory to cash, integrating VDA, building the semiconductor JV team, and focusing on core business growth while protecting margins and credit quality.
Financial performance details revealed standalone revenue growth of 42% YoY to ₹5,708 crores in Q2 FY27, with EBITDA up 96% to ₹196 crores and PAT up 172% to ₹153 crores. Consolidated revenue grew 49% YoY to ₹6,185 crores, with EBITDA up 112% to ₹220 crores and PAT up 121% to ₹131 crores. For H1 FY27, standalone revenue grew 49% to ₹10,540 crores, and consolidated revenue grew 55% to ₹11,287 crores.
Discussions also covered the inventory build-up due to the Diwali season and strong commercial demand, the rationale behind potential QIP for future growth capital, sustainable EBITDA margins (estimated around 2.75% by FY29-30), and the positive macroeconomic landscape in India. The company anticipates continued growth driven by digitization, price increases (expected at 10-15% in H2 FY27), and new initiatives like VDA and the Restar JV. The enterprise business is targeted to contribute around 20% of the business by next year, with semiconductor business expected to show substantial growth.
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Rashi Peripherals Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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