Rajesh Goenka, CEO, Rashi Peripherals Ltd: Reaping very encouraging revenue accruals in Q2 FY25
Rashi Peripherals Limited, one of India’s leading IT distributors, has reported 218.9 percent YoY rise in the net profit at ₹ 699 Million for the second quarter ended September 30, 2024. The company’s total income rose 22.6 Million YoY to ₹37,062 Million; while EBITDA stood at ₹1,044 Million, up 49.1 percent YoY.
“Building on the momentum of the previous quarter, we’re pleased to report yet another period of solid growth across revenue, EBITDA, and net profit. Our commitment to customer-centricity is unwavering, and this is demonstrated through our continual efforts to expand our reach across Tier-2 and Tier-3,” says Kapal Pansari, Managing Director, Rashi Peripherals Ltd.
“With promising signs of a revival in the IT/ITeS sector, we are optimally positioned to harness these emerging opportunities. This approach, rooted in long-term value creation, reinforces our commitment to sustainable, profitable growth in the quarters ahead,” opines Pansari.
Building on the momentum of the previous quarter, we’re pleased to report yet another period of solid growth across revenue, EBITDA, and net profit. Our commitment to customer-centricity is unwavering, and this is demonstrated through our continual efforts to expand our reach across Tier-2 and Tier-3.
Kapal Pansari
Managing Director
Rashi Peripherals Limited
Rajesh Goenka, CEO, Rashi Peripherals, comments, “Despite challenges in the market, Rashi Peripherals continued to demonstrate robust growth in the last quarter. Our Embedded vertical is growing consistently. We have started Samsung Consumer electronics business and in this quarter we forayed into quick commerce business that promises value addition to our customers.”
He further says that the opening of 52nd branch in Srinagar reflects his company’s consistent efforts to strengthen our channel engagement and reach across the regions. “These achievements reflect our steadfast dedication to ensure seamless availability of ICT products through value added support to our B2B customers. We are well-positioned to maintain the growth momentum”, adds Goenka.
Qaisar
