Approval of Audited financial results for the Financial Year ended 31st March, 2025.
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Rapid Multimodal Logistics reported its first full-year audited results as a listed entity on BSE's SME platform. Revenue from operations jumped 43% year-on-year to ₹10,299 lakhs from ₹7,182 lakhs, driven by growth in the goods transport business. Profit after tax grew about 20% to ₹226.40 lakhs from ₹189.39 lakhs, while EPS stood at ₹5.69 (down from ₹6.76 due to dilution from the IPO). The company recently raised funds through an IPO, with equity capital rising from ₹280 lakhs to ₹381 lakhs and reserves ballooning to ₹1,041 lakhs, leaving it virtually debt-free. However, cash flow from operations swung to a negative ₹90.10 lakhs from a positive ₹74.65 lakhs last year, as trade receivables surged 66% to ₹1,206 lakhs. The statutory auditor Jay Gupta & Associates issued a clean, unqualified opinion on the results.
Strong top-line growth is a positive signal, but the sharp jump in receivables has converted healthy accounting profits into negative operating cash flow, which investors should watch closely. The IPO-funded zero-debt balance sheet provides cushion, but quality of earnings and collection efficiency will be the key things to track going forward.