Pursuant to Regulation 33 of SEBI(LODR) Regulations, 2015, for the unaudited financial results for the quarter ended 30.06.2025 was approved by the Board in its meeting held on 12.08.2025 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rapid Investments Ltd, an NBFC, announced unaudited financial results for Q1 FY26 (quarter ended 30 June 2025), approved by the board on 12 August 2025. Revenue from operations stood at Rs. 19.7 lakhs, down sharply from Rs. 34.6 lakhs in the year-ago quarter (a YoY drop of around 43%). Total income was Rs. 55.02 lakhs and profit after tax came in at Rs. 15.85 lakhs, with basic and diluted EPS of Rs. 0.74. The auditor issued an Emphasis of Matter flagging that Rs. 5.39 lakhs of overdue interest on NPA accounts has been reversed and Rs. 82.55 lakhs of corresponding principal is shown as recoverable from Veritas Buildtech Pvt Ltd, with no provision made in the books. The board also cleared the 47th AGM for 29 September 2025 and the re-appointment of Managing Director Mrs. Nina Ranka.
The auditor's Emphasis of Matter and the lack of any provisioning for the large Veritas Buildtech receivable are red flags worth watching, pointing to potential recovery risk on legacy NPAs. Combined with the steep YoY decline in core operating revenue, this is a mixed-to-weak print and may weigh on investor sentiment despite the company staying profitable at the bottom line.