Outcome of Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rapicut Carbides reported audited FY25 results showing a sharp decline. Revenue from operations fell to ₹4,198.64 lakhs from ₹6,015.81 lakhs in FY24, a drop of around 30%. The company swung from a profit after tax of ₹49.04 lakhs in FY24 to a loss of ₹232.58 lakhs in FY25, with EPS turning negative at ₹(4.33). Operating cash flow turned sharply negative at ₹(390.32) lakhs versus a positive ₹290.16 lakhs last year. Short-term borrowings jumped from ₹124.98 lakhs to ₹670.62 lakhs, and total equity eroded from ₹2,190.13 lakhs to ₹1,958.27 lakhs. The statutory auditors (KC Mehta & Co LLP) issued an unmodified opinion. The Board also approved the appointment of new Secretarial and Internal Auditors, accepted the resignation of Chairman Dhananjay D Kanitkar, and appointed Managing Director Abhishek V Gami as the new Chairman effective 16th May 2025.
Negative – the company moved from profit to loss on a ~30% revenue decline, burned cash from operations, and significantly increased borrowings, raising concerns about short-term financial health. Leadership change at the top is a key watchpoint for strategy continuity.