Numbers Toh Dekho!
Rashi Peripherals ne apne Q3 FY26 results mein sabko chaunka diya. Consolidated revenue 43% saal dar saal badh kar ₹4,030 Crore ho gayi. Profit After Tax (PAT) toh 132% ka jump maar ke ₹75 Crore par pahunch gaya. Is quarter mein PAT margins bhi sudhar kar 1.85% ho gaye hain. Agar pichhle 9 mahine ki baat karein toh revenue 5% badh ke ₹11,338 Crore aur profit 25% badh ke ₹196 Crore raha hai.
Standalone figures bhi kamal ke hain, Q3 FY26 mein revenue 47% upar jaake ₹3,895 Crore aur PAT 128% upar jaake ₹70 Crore ho gaya. Company ne bataya ki Labour Code ki wajah se lagbhag ₹4 Crore ka extra cost aaya hai.
Aisa Toh Kya Hua?
Company ka kehna hai ki PC market mein recovery dikh rahi hai aur unhone strategic pricing se bhi fayda uthaya hai. Ab Personal Computing and Enterprise Solutions (PES) segment unki total revenue ka 56% ho gaya hai. Management ko lagta hai ki aane wale samay mein technology upgrade cycle (especially AI ki wajah se) business ko aur badhayega. Haalanki, distribution business mein margins kam rehte hain, par ROCE (Return on Capital Employed) ko IPO se pehle wale level par lane ki koshish hai.
Kahan Chinta Ki Baat?
Sab kuch theek chal raha tha, par ek badi news yeh hai ki Micron ka 'Crucial' consumer brand business ab company deal nahi karegi. Management ko umeed hai ki wo iska impact manage kar lenge, par yeh ek important partnership mein shift hai. Agar bade project orders ki baat karein toh pehle 9 mahine mein unhone bade orders nahi liye (company kehti hai ki collection pe focus tha), jo kuch investors ko khyaal mein rakhna pad sakta hai.
Future Kya Kehta Hai?
Management ka outlook kaafi positive hai. Component prices badhne aur dollar appreciation ki wajah se Average Selling Prices (ASPs) badhne ki ummeed hai. Unit volume growth stable rehne ka andaza hai. Company UAE mein bhi ek naya subsidiary khol rahi hai. Aur haan, Dell business se Q4 FY26 se growth milne ki poori ummeed hai.
Financial Health:
Company ne apna working capital 60 din par maintain kiya hai, jismein inventory 56 din aur debtors 47 din ke hain. Debt-to-equity ratio ekdum mast 0.5 hai aur credit rating bhi AA hai. Loan ka interest cost 7.5%-8% ke aas paas hai jise kam karne pe bhi focus hai.