Rapicut Carbides revenue doubles to ₹96.3 cr, swings to profit
Full-year revenue more than doubled to ₹96.3 crore as tungsten carbide sales surged. The company posted a net profit of ₹2.06 crore, up from a ₹2.33 crore loss.
— 1 earlier story on Rapicut Carbides Ltd. →What's new
- FY26 revenue more than doubled to ₹96.3 cr from ₹42 cr; net profit swung to ₹2.06 cr from a ₹2.33 cr loss.
- Q4 revenue was ₹49.3 cr with net profit of ₹0.65 cr, driving about half of the full-year topline.
- Auditors gave an unmodified opinion; board appointed new internal and tax auditors.
Why this matters
The growth is sharp but the profitability is thin. Rapicut turned a near-doubling of sales into a net profit of just ₹2.06 crore. The Q4 numbers show the momentum accelerated late in the year, not faded.
What we're watching
- Whether Rapicut can sustain the margin profile as revenue scales further.
- The sales mix and pricing power in tungsten carbide driving the growth.
- Full-year balance sheet and cash flow details once available.
The full read
Rapicut Carbides nearly tripled its annual revenue, posting ₹96.3 crore for FY26 versus ₹42 crore a year prior. The top-line surge came from tungsten carbide product sales. The company also swung from a ₹2.33 crore net loss to a ₹2.06 crore net profit. The fourth quarter was particularly strong, delivering ₹49.3 crore in revenue and ₹0.65 crore in profit, accounting for more than half the year's sales. Statutory auditors signed off without any qualifications. The turnaround is clean but the profit is thin relative to the sales growth. Whether this pace holds depends on how much of the ₹96.3 crore is one-off versus recurring demand.
Questions answered
- How did Rapicut achieve such a sharp revenue increase?
- The filing attributes the surge to higher sales of tungsten carbide products. Q4 alone contributed ₹49.3 crore in revenue, which is more than half the annual total.
- What does the profit swing tell us about margins?
- The company turned a ₹2.33 crore net loss into a ₹2.06 crore profit, but on revenue that jumped from ₹42 crore to ₹96.3 crore. The profit is a small fraction of revenue, suggesting growth came with very tight profitability.
- Is the growth trend sustainable?
- The filing shows Q4 was the strongest quarter, contributing ₹49.3 crore in revenue versus ₹47 crore for the first three quarters combined. The trajectory is positive, but the filing provides no commentary on forward order books or capacity.
- What did the auditors say?
- The statutory auditors issued an unmodified opinion on the financial statements, meaning no qualifications or concerns were flagged in their review.
Story so far
All notes on RAPICUT →- 30 May 2026 · 4:27 PM IST Rapicut Carbides revenue doubles to ₹96.3 cr, swings to profit
- today Rapicut Carbides revenue more than doubles to ₹96.3 cr; posts profit