Rashi Peripherals’ 3.04% margin trails all 27 reported IT peers
Management described the quarter as record and highlighted moves into managed IT services, AI infrastructure and two Tier-2 branches.
Filed 04 Aug 2026, 19:09 IST · after market close · Rashi Peripherals Ltd (RPTECH)
Key takeaways
- Consolidated operating profit of Rs 155.28 cr converted revenue into a 3.04% operating margin, the lowest among 27 reported IT peers.
- Other income of Rs 17.39 cr was not the main source of the Rs 104.56 cr consolidated net profit.
- Management highlighted two new Tier-2 branches as part of its expansion during the quarter.
Price around the results
3.04% margin puts Q1FY27 at sector bottom
Rashi Peripherals reported consolidated revenue of Rs 5,101.85 cr and operating profit of Rs 155.28 cr, making operating conversion the defining feature of the quarter. Its 3.04% operating margin was 14.71 percentage points below the 17.75% median for 27 reported Information Technology peers, ranking it first from the bottom.
Financing cost mattered more than other income
Expenses of Rs 4,946.57 cr left limited room between revenue and operating profit. Interest of Rs 27.42 cr reduced the profit flow below operating profit, while other income of Rs 17.39 cr was not the main source of earnings. A 24.75% tax rate further separated profit before tax from consolidated net profit of Rs 104.56 cr.
Enterprise-services and distribution expansion were the focus
Management said the company delivered record quarterly operational performance, driven by expansion across enterprise solutions, distribution and technology partnerships. The company said its investment in VDA Infosolutions is intended to add managed IT services, solution implementation and lifecycle support capabilities, while its WEKA.io partnership expands AI infrastructure and high-performance workload management. Management also said it added branches in Udaipur and Dhule to extend its Tier-2 presence; the results were filed at 19:09 IST on 4 August 2026, after market close.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹5,102 cr |
| Other income | ₹17 cr |
| Expenses | ₹4,947 cr |
| Operating profit | ₹155 cr |
| Operating margin (%) | 3.04% |
| Interest | ₹27 cr |
| Depreciation | ₹6 cr |
| Profit before tax | ₹139 cr |
| Tax | ₹34 cr |
| Net profit | ₹105 cr |
| EPS (₹) | ₹15.59 |
Operating margin of 3.04% compares with a Information Technology sector median of 17.75% across 27 peers that have reported Q1FY27.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- The company reported record quarterly operational performance driven by expansion across enterprise solutions, distribution and technology partnerships.
Expansion
- The company added two branches in Udaipur and Dhule to expand its presence in Tier-2 markets.
New initiatives
- The company invested strategically in VDA Infosolutions to expand managed IT services, solution implementation and lifecycle support capabilities.
- The company entered a strategic partnership with WEKA.io to expand AI infrastructure and high-performance workload management capabilities.
What to watch
- Whether operating margin improves from 3.04% in the next reported quarter.
- Whether interest remains below Rs 27.42 cr.
- Whether other income stays below Rs 17.39 cr as profit quality is assessed.