Rashi Peripherals Limited — Q2FY27 earnings call summary

Filed 13 November 2026 · Official transcript

Sustainable EBITDA margin guidance ~2.75% by FY29-FY30; cautious on consumer demand, confident on commercial and AI-related growth in India
Price increases expected 10-15% in H2 FY27; volume growth flattish to positive; sustained growth expected from new product lines and geographies
Growth drivers: 30% price increase, 10-11% volume growth, 10% new business; VDA and semiconductor businesses to contribute >10% revenue in future
Q2 FY27 consolidated revenue grew 49% y-y to INR6,185 Cr; EBITDA rose 112% y-y to INR220 Cr with 3.56% margin (+106 bps); PAT increased 121% y-y to INR131 Cr
Enterprise business targeted to be ~20% of revenue next year; cautious on large AI data center projects due to ROI and exposure
Standalone Q2 revenue grew 42% y-y to INR5,708 Cr; EBITDA up 96% y-y to INR196 Cr with 3.44% margin (+95 bps); PAT rose 172% y-y to INR153 Cr
Inventory built to secure supply and fund VDA acquisition; focus on converting inventory to cash in H2
Semiconductor JV with Restar to add new products, design capabilities, and access to Japanese manufacturers