News Earnings RAP Corp Limited Reports Mixed Q3FY26 Results with Standalone Profit, Consolidated LossRAP Corp Limited Reports Mixed Q3FY26 Results with Standalone Profit, Consolidated Loss
RAP Corp Limited reported mixed Q3FY26 results for the quarter ended December 31, 2025, with standalone operations showing profit of ₹42.43 lakhs versus previous year loss of ₹34.07 lakhs, while consolidated results posted a loss of ₹1.28 lakhs, though significantly improved from ₹126.54 lakhs loss in Q3FY25. The company's nine-month performance showed strong standalone profit of ₹4,322.79 lakhs and consolidated profit of ₹4,251.65 lakhs, primarily driven by other income rather than operational revenue.
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RAP Corp Limited (formerly known as RAP Media Limited) announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing mixed performance across standalone and consolidated operations. The Board of Directors approved these results on February 4, 2026, with statutory auditors Jain Vinay & Associates providing an unmodified opinion.
Standalone Financial Performance
The company's standalone operations demonstrated a turnaround in Q3FY26 profitability. Key highlights include:
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Total Income | ₹79.06 lakhs | ₹0.15 lakhs | Significant increase |
| Net Profit | ₹42.43 lakhs | ₹(34.07) lakhs | Positive turnaround |
| Basic EPS | ₹0.72 | ₹(0.58) | Improved to positive |
For the nine-month period ended December 31, 2025, standalone performance showed substantial growth with total income of ₹6,291.43 lakhs and net profit of ₹4,322.79 lakhs, compared to total income of ₹4.60 lakhs and net profit of ₹6,119.16 lakhs in the corresponding previous period.
Consolidated Financial Results
The consolidated results presented a different picture, reflecting the impact of subsidiary operations:
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Total Income | ₹79.06 lakhs | ₹0.15 lakhs | Significant increase |
| Net Loss | ₹(1.28) lakhs | ₹(126.54) lakhs | Reduced loss |
| Basic EPS | ₹(0.02) | ₹(2.15) | Improved loss per share |
The consolidated financials include proportionate consolidation of White River Properties LLP and Platinumcorp Value Sheltors Private Limited, considered as associate entities.
Operational Highlights
RAP Corp Limited operates primarily in the property rental business, which constitutes a single reportable segment under Ind-AS 108. The company's revenue structure showed:
- Revenue from Operations: No operational revenue reported in Q3FY26, similar to Q3FY25
- Other Income: ₹79.06 lakhs in Q3FY26 compared to ₹0.15 lakhs in Q3FY25
- Employee Benefit Costs: ₹19.17 lakhs (standalone) and ₹21.65 lakhs (consolidated) in Q3FY26
Corporate Governance and Compliance
The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 4, 2026. The meeting commenced at 1630 hours and concluded at 1715 hours. Statutory auditors conducted a limited review in accordance with Standard on Review Engagement (SRE) 2400, providing moderate assurance on the financial statements' accuracy.
The company maintains its registered office at B1 Lilaram Bhavan, Dandpada, Khar Danda, Khar (West), Mumbai - 400052, and operates under CIN L65990MH1994PLC084098. Managing Director Rupinder Singh Arora (DIN: 00043968) signed off on the results, ensuring compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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