Rashi Peripherals Q4 PAT Surges 64.7%; FY26 Revenue Up 14.9%
Rashi Peripherals reported a 64.7% YoY surge in Q4 PAT to INR 868 Mn, driven by a 51% revenue increase to INR 44,894 Mn. For FY26, revenue grew 14.9% to INR 158,273 Mn with a 34.6% rise in annual PAT. The board recommended a final dividend of Rs. 2.00 per share.

*this image is generated using AI for illustrative purposes only.
Rashi Peripherals Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company reported a significant surge in profit for the fourth quarter, driven by strong operational performance across its business verticals, rising demand for ICT products, sustained Tier-2 channel stocking, and favourable pricing trends in key categories such as Components and Storage. The board also recommended a final dividend for FY26, subject to shareholder approval. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audited standalone and consolidated financial results were published in The Free Press Journal (English) and Navshakti (Marathi) on May 15, 2026. Additionally, the audio recording and transcript of the earnings conference call held on May 15, 2026, have been uploaded to the company's website.
Q4-FY26 Financial Performance
For the quarter ended March 31, 2026, the company reported a consolidated net profit of INR 842 Mn compared to INR 513 Mn in the corresponding period of the previous year. Revenue from operations for Q4-FY26 stood at INR 44,894 Mn, registering a 51.0% year-on-year increase. EBITDA for the quarter was INR 1,326 Mn, up from INR 937 Mn in Q4-FY25, with EBITDA margins at 2.95% compared to 3.15% in the prior year period. The Profit After Tax (PAT) on a reported basis was INR 868 Mn, a growth of 64.7% compared to the corresponding period in the previous year. The Diluted EPS for Q4-FY26 stood at INR 12.49 per share, reflecting a YoY growth of 60.5%.
| Metric | Q4-FY26 | Q4-FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations (INR Mn) | 44,894 | 29,732 | +51.0% |
| EBITDA (INR Mn) | 1,326 | 937 | +41.4% |
| EBITDA Margin (%) | 2.95% | 3.15% | -20 bps |
| Consolidated Net Profit (INR Mn) | 842 | 513 | — |
| PAT (INR Mn) | 868 | 527 | +64.7% |
| Diluted EPS (INR/share) | 12.49 | — | +60.5% |
FY26 Financial Highlights
For the full fiscal year FY26, Rashi Peripherals achieved a revenue of INR 158,273 Mn, an increase of 14.9% over FY25. The annual PAT grew by 34.6% to reach INR 2,823 Mn. EBITDA for the year improved by 52.8% to INR 4,587 Mn, with margins expanding to 2.90%, representing a 72 bps year-on-year improvement. The Diluted EPS for FY26 was reported at INR 41.18 per share, up 30.4% YoY.
| Metric | FY26 | YoY Change |
|---|---|---|
| Revenue from Operations (INR Mn) | 158,273 | +14.9% |
| EBITDA (INR Mn) | 4,587 | +52.8% |
| EBITDA Margin (%) | 2.90% | +72 bps |
| PAT (INR Mn) | 2,823 | +34.6% |
| Diluted EPS (INR/share) | 41.18 | +30.4% |
Dividend Recommendation
The Board of Directors recommended a final dividend of Rs. 2.00 per equity share of face value Rs. 5/- each (i.e., 40%) for the financial year ended March 31, 2026. The dividend is subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) and will be paid on or after such approval.
| Parameter | Details |
|---|---|
| Dividend per Share | Rs. 2.00 |
| Face Value | Rs. 5/- per share |
| Dividend Rate | 40% |
| Subject To | Shareholder approval at AGM |
Operational Highlights
The company delivered all-round growth across its Lifestyle & IT Essentials (LIT) and Personal Computing & Enterprise Solutions (PES) verticals. Strategic initiatives during FY26 included entering distribution partnerships with Dell Technologies and Teachmint Technologies, as well as expanding the semiconductor footprint with new subsidiaries in India and Singapore. The company also expanded its distribution network by adding new branches in Nanded, Baramati, and Solapur, and supported the India launch of 'Oura', enhancing presence in the premium health tech and lifestyle technology segment. Additionally, the company conducted an 8-city AI Bootcamp, engaging over 2,500 developers and 300+ CXOs with a focus on AI infrastructure and real-world use cases, and was recognised as a 'Great Place to Work' for the fifth consecutive year.
IPO Proceeds Utilization
As part of the board meeting outcome, CARE Ratings Limited, the Monitoring Agency, confirmed no deviations in the utilization of IPO proceeds for the quarter ended March 31, 2026. The total IPO issue size was Rs. 600 crores, with Rs. 554.14 crore earmarked across three objects. As of March 31, 2026, Rs. 553.70 crore of the total proceeds had been utilized, with Rs. 0.44 crore remaining unutilized under the General Corporate Purpose (GCP) head.
| IPO Object | Proposed (Rs. Crore) | Utilized at Quarter End (Rs. Crore) | Unutilized (Rs. Crore) |
|---|---|---|---|
| Debt Repayment | 326.00 | 326.00 | 0.00 |
| Working Capital | 220.00 | 220.00 | 0.00 |
| General Corporate Purpose | 8.14 | 7.70 | 0.44 |
| Total | 554.14 | 553.70 | 0.44 |
During the quarter ended March 31, 2026, Rs. 1.17 crore was utilized under GCP, primarily towards fixed asset purchases. The GCP utilization comprised Rs. 1.04 crore towards fixed asset purchases routed through the company's Cash Credit account with HDFC Bank, and Rs. 0.13 crore towards commercial vehicles, labelling machines, and balance payments to vendors for capital expenditure from earlier quarters.
Historical Stock Returns for Rashi Peripherals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.55% | +2.53% | +17.68% | +63.86% | +73.56% | +67.73% |
How might Rashi Peripherals' new distribution partnerships with Dell Technologies and Teachmint Technologies contribute to revenue diversification and margin expansion in FY27?
Given the slight EBITDA margin compression in Q4-FY26 despite strong revenue growth, what pricing or cost pressures could challenge the company's profitability targets in the near term?
How could Rashi Peripherals' semiconductor expansion through new subsidiaries in India and Singapore position the company to capitalize on India's growing chip design and electronics manufacturing ecosystem?


































