Outcome of the Board Meeting held on May 28, 2026 for Audited Financial Results (Standalone And Consolidated) For The Year Ended March 31, 2026
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Rap Corp Ltd reported strong turnaround with standalone profit after tax of Rs. 4,384.55 lakhs for FY2025-26, compared to a loss of Rs. 16.32 lakhs in the previous year. Revenue from operations stood at Rs. 6,753 lakhs (standalone) and Rs. 6,783 lakhs (consolidated), a dramatic improvement from approximately Rs. 990 lakhs prior year. The board declared clean financials with auditors issuing unmodified opinions on both standalone and consolidated results. Additionally, the board approved a limit of Rs. 60 crores for loans, corporate guarantees, and investments to subsidiaries/associates, subject to shareholder approval. Note that consolidated financials exclude White River Properties LLP due to an ongoing partnership dispute, preventing equity method accounting.
The company has shown exceptional turnaround from losses to significant profits, which should be positive for shareholders. However, the unresolved dispute with White River Properties LLP and related party transactions up to Rs. 60 crores warrant monitoring for potential impacts on future financials.