Submission of Audited Financial Results for the Quarter and Year ended March 31, 2025
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Awaiting price reaction for this filing.
Rap Corp Ltd has submitted to BSE the newspaper clippings of its audited financial results for the quarter and full year ended March 31, 2025, which were published on June 1, 2025 in The Free Press Journal (English) and Navshakti (Marathi). On a standalone basis, total income for FY25 was Rs. 34.77 lakhs with a loss before tax of Rs. 104.85 lakhs. The company operates as a single-segment entity in property renting. The statutory auditors issued an unmodified audit opinion. A notable item is the revaluation of the company's Agra property at Rs. 58.75 crores, which was reclassified from Property, Plant & Equipment to stock-in-trade, with the accounting impact considered in the last quarter.
This is a routine regulatory filing with no immediate effect on the stock. However, the company is tiny (standalone revenues of just ~Rs. 35 lakhs) and is loss-making, while the reclassified Agra land is materially larger than its operating business — future sale or development of this asset could be a significant value event for shareholders.