Don’t Trade in the Dark—Get Your Pre-Market Report Every Day.Join Now
Search stocks
Rashi Peripherals Ltd

| Quarterly Financial Results Q3 FY 2025-26

BULLISH SENTIMENT

Report Source

⬤3rd Feb 26

Summary : Rashi Peripherals reports strong financial growth, expands internationally, and strengthens board leadership.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Purchases of stock-in-trade
  2. Changes in inventories of stock-in-trade
  3. Employee benefits expense
  4. Finance costs
  5. Depreciation and amortisation expenses
  6. Other expenses
  7. Standalone Revenue from Operations Q3 2025: Rs. 38,944.96 million.
  8. Standalone Revenue from Operations 9M 2025: Rs. 109,658.97 million.
  9. Consolidated Revenue from Operations Q3 2025: Rs. 40,304.12 million.
  10. Consolidated Revenue from Operations 9M 2025: Rs. 113,379.62 million.
  11. Both standalone and consolidated unaudited financial results are presented.
  12. Consolidated results include Rashi Peripherals Pte Ltd and Znet Technologies Private Limited (until June 17, 2025).

Corporate Overview

  1. India
  2. Overseas (UAE subsidiary established)
  3. Incremental provision of Rs. 41.46 million due to new labor codes.
  4. Monitoring finalization of Central and State rules for new labor codes.
  5. Distribution of Computer Systems, Software & Peripherals, Mobiles.
  6. ICT Product Distribution.
  7. Computer Systems
  8. Software & Peripherals
  9. Mobiles
  10. Utilized IPO proceeds for fixed asset purchases under General Corporate Purpose.
  11. Board approved utilization of IPO proceeds for fixed assets and inventory capitalization until June 2026.

Risk Factors

  1. New labor codes impact employee benefits.
  2. Reliance on other auditors' branch reports.
  3. Unutilized IPO funds for general purposes.
  4. Regulatory changes could affect operations.

Key Drivers

  1. Strong revenue and profit growth.
  2. International expansion with UAE subsidiary.
  3. New CEO and independent director appointed.
  4. IPO funds utilized for core objectives.

Auditor’s Report

  1. Limited review conclusion with no material misstatement identified.
  2. Auditors did not review interim financial information of an overseas branch.
  3. Auditors did not review interim financial information of two subsidiaries.
  4. Reliance on reports of other auditors for branch and subsidiary financial data.
  5. Reliance on other auditors' reports for overseas branch and subsidiary financial information.

Board Commentary

  1. Appointment of Mr. Rajesh Goenka as Whole-Time Director and CEO for 5 years.
  2. Appointment of Dr. Indumati Gopinathan as Additional Non-Executive Independent Director.
  3. Impact of new government labor codes on employee benefits.
  4. Impact of new government labor codes on employee benefits.
  5. Utilized IPO proceeds for prepayment of borrowings (Rs. 3,260 million).
  6. Utilized IPO proceeds for working capital requirements (Rs. 2,200 million).
  7. Utilized IPO proceeds for general corporate purposes (Rs. 65.35 million).
  8. Rs. 1.61 million unutilized from general corporate purpose, timeline extended.

Corporate Governance

  1. Dr. Indumati Gopinathan appointed as Additional Non-Executive Independent Director.
  2. Dr. Indumati Gopinathan is not related to any other Director.
  3. Audit Committee reviewed and Board approved standalone unaudited financial results.
  4. M/s. GMJ & Co. re-appointed as Internal Auditor for FY 2026-27.

Management Discussion & Analysis

Future Strategy

  1. Formation of a wholly-owned step-down subsidiary in UAE for international expansion.

Risk Control Measures

  1. Company is monitoring finalization of new labor code rules and clarifications.

Critical Risks

  1. Impact of new government labor codes on employee benefits.