Rashi Peripherals reported strong Q1 FY27 results with consolidated revenue up 62% to Rs 5,102 Cr, EBITDA up 55% to Rs 173 Cr, and PAT up 69% to Rs 105 Cr. Annualized ROCE/ROE hit ~19.5% and ~19.8%, with working capital days improving to 56. The company is in a multi-year PC refresh cycle, driven by AI PCs and rising component prices. Strategic moves include acquiring a majority stake in VDA Infosolutions for integrated solutions and a JV with Restar Corporation for advanced semiconductor solutions, targeting over $100 million in three years with significant momentum already seen in the semiconductor portfolio. Management is optimistic about continued growth, leveraging strong OEM ties and market share gains in a growing Indian market.