Rashi Peripherals reports mixed Q2 FY26 as revenue climbs but PAT dips

Rashi Peripherals Limited (RP tech) reported a 12% year-over-year (YoY) increase in Q2 FY26 revenue to ₹41,554 million, with EBITDA growing 4% to ₹1,081 million. However, PAT declined by 15% YoY to ₹592 million, primarily due to ESOP provisioning. For the first half of FY26, revenue was ₹73,076 million (down 8% YoY), EBITDA increased by 13% YoY to ₹2,195 million, and PAT decreased 3% YoY to ₹1,209 million.

The company also provided an update on the utilization of IPO proceeds for the quarter ended September 30, 2025. There were no deviations in the utilization of IPO proceeds. However, the original timeline for utilizing funds allocated for General Corporate Purpose (GCP) was extended via a Board resolution on April 21, 2025, from the end of fiscal year 2024 to the end of fiscal year 2026 or thereafter. As of September 30, 2025, ₹3.32 crore earmarked for GCP remains unutilized.

Operational highlights included opening two new branch offices, forming strategic distribution alliances with major technology companies, expanding the server and storage portfolio, and growing the semiconductor business. The PC vertical also achieved growth at twice the market rate.