Rapicut Carbides revenue more than doubles to ₹96.3 cr; posts profit
The tungsten carbide maker swung from a net loss to a ₹2.06 crore profit on a revenue surge for FY26.
— 1 earlier story on Rapicut Carbides Ltd. →What's new
- FY26 revenue surged to ₹96.3 cr from ₹42.0 cr, more than doubling year-on-year.
- Net profit stood at ₹2.06 cr, reversing a net loss of ₹2.33 cr in the prior year.
- Q4 contributed ₹49.3 cr in revenue and ₹0.65 cr in profit; auditors gave a clean opinion.
Why this matters
Rapicut's top line more than doubled and it returned to profit, a sharp reversal from the prior-year loss. The numbers suggest the tungsten carbide product push is gaining traction, with Q4 alone accounting for more than half the full-year revenue.
What we're watching
- Whether the growth trajectory sustains in FY27 after the Q4 revenue surge.
- Net profit margin, which remains thin at a reported ₹2.06 cr on ₹96.3 cr revenue.
- Customer concentration and order visibility in the tungsten carbide segment.
The full read
Rapicut Carbides just doubled its revenue and flipped to profit. FY26 sales hit ₹96.3 crore, up from ₹42.0 crore, and net profit came in at ₹2.06 crore versus a ₹2.33 crore loss last year. The growth is concentrated in the fourth quarter: ₹49.3 crore in revenue and ₹0.65 crore in profit. That's more than half the full year in a single quarter, which raises the question of whether the run-rate is sustainable or lumpy. The auditors signed off cleanly, and the board refreshed its internal and tax audit appointments for FY27. The headline is the doubling. The test is whether the next four quarters look like Q4.
Questions answered
- How much did Rapicut's revenue grow in FY26?
- Revenue from operations rose to ₹96.3 crore from ₹42.0 crore, a more than 100% increase driven by tungsten carbide product sales.
- Did the company turn profitable?
- Yes. Rapicut posted a net profit of ₹2.06 crore in FY26, compared to a net loss of ₹2.33 crore in the prior year.
- How did the fourth quarter perform?
- Q4 revenue was ₹49.3 crore with a net profit of ₹0.65 crore. The quarter alone accounted for more than half the full-year revenue.
- What did the auditors say?
- The statutory auditors issued an unmodified opinion on the FY26 financial statements, meaning no qualifications or concerns were flagged.
Story so far
All notes on RAPICUT →- 30 May 2026 · 4:55 PM IST Rapicut Carbides revenue more than doubles to ₹96.3 cr; posts profit
- today Rapicut Carbides revenue doubles to ₹96.3 cr, swings to profit