we submit herewith the transcript of earnings concall held on 15th May, 2026
RPTECH · price
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Rashi Peripherals reported strong Q4 FY26 with revenue of Rs 4,489 crore (51% YoY) and full-year revenue of Rs 15,827 crore (15% YoY). PAT grew 65% YoY to Rs 87 crore in Q4 and 35% to Rs 282 crore for FY26. EBITDA margin expanded 72 bps to 2.90% for the year. Management highlighted India's PC market hitting a record 15.9 million units in CY2025, AI PC growth of 129% YoY, and sustained component pricing firmness driven by AI data center demand. The company targets maintaining its historical 20% CAGR growth trajectory. Management flagged potential 5-10% market volume decline in CY2026 but expects 20% price increases to offset this. Working capital remains well-managed at 58 days, with inventory at 56 days and debtors at 46 days.
Strong execution with margin expansion and working capital discipline. The company is well-positioned in a structural growth super-cycle for Indian ICT distribution, though near-term consumer affordability concerns in H2 FY27 could create some headwinds.