Mumbai, August 9, 2024: Rashi Peripherals Limited (NSE: RPTECH), one of the leading national distribution partners for global technology brands in India, reported 16.95% rise in the net profit at ` 550.37 million for the first quarter ended June 30, 2024. The company’s total income rose 42.13% QoQ to `42,745.02 million; while EBITDA stood at ` 905.83 million, up 8.23% QoQ.
Commenting on the performance, Mr. Kapal Pansari, Managing Director, Rashi Peripherals Limited said, “Our focus on innovation and operational excellence has led to a strong first quarter of this financial year, with notable growth in Revenue, EBITDA, and Net Profit. This performance underscores our commitment to service excellence and the enduring trust of our customers. We are at an opportune time where the Indian hardware landscape is evolving at the back of positive developments and government initiatives. These factors, along with the expected revival in the IT and ITeS sector, will favour the growth of our distribution business. We are well-positioned to capitalize on emerging opportunities and drive sustained growth in the coming quarters.”
“RP Tech’s Q1 FY25 performance is a demonstration of our strategic vision and execution. Expanding and making our channel more robust, we recently launched Channel Business Forum, that will enable and prepare our partners to address the market requirements. Additionally, to demonstrate our capabilities in the industry, we have launched our first embedded application lab in Bangalore. Digital transformation and cloud based technologies remained at the core of our growth this quarter. Business wins from NMDC Data Center and Tamil Nadu Education project, are among the key prestigious developments. Overall, we will continue to service to the B2B enterprise segment who are looking to strengthen their digital infrastructure”, said Mr. Rajesh Goenka, Chief Executive Officer, Rashi Peripherals Limited.