Revenue rose 48.8% in the September quarter as Rashi Peripherals reported record profitability, while its acquisition plans and semiconductor joint venture expanded its focus beyond ICT distribution into enterprise technology solutions and digital infrastructure services.
Ā
Rashi Peripherals Limited reported a 120.8% year-on-year increase in consolidated net profit to ā¹130.7 crore for the second quarter ended September 30, 2026, as revenue from operations rose 48.8% to ā¹6,185.1 crore. The company said quarterly and half-year profits reached their highest levels to date.
Announcing its results on November 5, the company reported net profit of ā¹235.3 crore for the first half of FY27, up 94.6% from a year earlier. Half-year revenue increased 54.5% to ā¹11,287 crore.
Profitability and margins improve
Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 112.2% to ā¹220.1 crore in Q2 FY27. EBITDA margin expanded by 106 basis points to 3.56%, while diluted earnings per share increased 111.5% to ā¹18.63.
For the first half, EBITDA grew 81.2% to ā¹375.4 crore, with the margin increasing 49 basis points to 3.33%. Diluted earnings per share stood at ā¹34.27, up 90% year-on-year.
Kapal Pansari, Managing Director, Rashi Peripherals, said, āOur performance in Q2 and H1 FY27 reflects the continued execution of our long-term strategy to transform from a conventional ICT distributor into India's most trusted integrated technology solutions company. Guided by our āOne Platform. Multiple Enginesā roadmap, we are building new growth engines beyond our core business by expanding into high-growth, high-value opportunities such as digital infrastructure, semiconductors, cloud, and enterprise solutions.ā
āThis strategic evolution enables us to address a wider spectrum of customer technology requirements, deepen engagement across our partner ecosystem, increase wallet share, and capture higher-value revenue streams. While maintaining our focus on volume-led growth through scale and market reach, we are simultaneously enhancing the quality of our revenue mix through solution-driven and technology-led businesses. Our disciplined approach to inventory management, faster cash conversion cycles, and prudent working capital management continues to strengthen operational leverage, improve capital efficiency, and support sustainable growth in both revenue and profitability.ā
Expansion into enterprise and semiconductor solutions
Rashi Peripherals is expanding its operations around three business areasāICT distribution, enterprise technology, and embedded and semiconductor solutionsāas it seeks to increase its presence beyond conventional distribution.
The company announced the acquisition of a 67% stake in VDA Infosolutions to expand into enterprise IT, cloud infrastructure, cybersecurity, system integration and managed IT services.
It also formalised a joint venture with Japan-based Restar Corporation to establish a dedicated embedded and semiconductor solutions company. The venture will provide local design and engineering support, talent transfer and technical services for the Indian market.
Rajesh Goenka, Director & Chief Executive Officer, Rashi Peripherals, said, āFrom an operational standpoint, the first half of FY27 highlights strong execution across our foundational distribution network and new growth engines. We are actively enhancing our value-focused offerings by driving solution-based selling and expanding customer wallet share across our 10,000+ channel partner ecosystem.ā
āEntering the semiconductor domain through our joint venture with Restar Corporation gives us a decisive first-mover advantage to capture Indiaās rapidly expanding electronics design and manufacturing market. Simultaneously, integrating VDA Infosolutions accelerates our pivot into the fastest-growing cybersecurity, system integration, and software-led managed services business. With our mission to make IT products available in each of the 800+ districts in India, we continue to expand our branch footprint and customer access points nationwide, ensuring consistent and sustainable growth for our stakeholders.ā
Partner training and regional reach
During the period, Rashi Peripherals conducted AI bootcamps across six cities, training enterprise partners in deploying accelerated computing solutions, AI workstations and enterprise AI workloads.
The company also continued expanding its branch operations to increase access across Tier 2 and Tier 3 cities and emerging regional commercial centres. These initiatives form part of its efforts to extend distribution coverage while developing capabilities in enterprise technology and services.
