Financial Results For the quarter and half year ended on September 30, 2025
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Rap Corp Ltd (formerly Rap Media Limited) submitted its unaudited financial results for Q2 FY26 and the half-year ended September 30, 2025, along with a Limited Review Report carrying an unmodified (clean) opinion from auditor Jain Vinay & Associates. The company is engaged primarily in the business of renting of property, reported as a single segment under Ind-AS 108. On a standalone basis, profit before tax for the half-year stood at Rs. 4,253.22 lakhs with operating cash flow of Rs. 1,606.69 lakhs, and total equity surged from Rs. 1,082.02 lakhs (March 2025) to Rs. 5,363.40 lakhs (September 2025). Total assets also expanded from Rs. 4,173.69 lakhs to Rs. 5,434.77 lakhs, while other current liabilities fell sharply from Rs. 3,051.86 lakhs to Rs. 51 lakhs. The consolidated results include the subsidiary entity White River Properties LLP.
The clean (unmodified) auditor opinion and positive operating cash flow support confidence in the reported numbers. The dramatic increase in equity and sharp drop in current liabilities suggest a possible debt repayment or capital restructuring, which may be positive for shareholders, though clarity on the P&L line items (revenue, PAT) is limited in the disclosed filing.