Ritco Logistics Limited

Financial Performance Highlights (Consolidated)

Quarter Ended 30th September 2026 (Q2 FY27):

  • Revenue from operations: ₹439.06 crore (₹360.38 crore in Q2 FY25)
  • Other income: ₹2.68 crore (₹1.39 crore in Q2 FY25)
  • Total income: ₹441.74 crore (₹361.77 crore in Q2 FY25)
  • Total expenses: ₹436.12 crore (₹348.12 crore in Q2 FY25)
  • Profit before tax: ₹5.62 crore (₹13.65 crore in Q2 FY25)
  • Tax expense: ₹4.59 crore (₹4.33 crore in Q2 FY25)
  • Profit for the period: ₹1.02 crore (₹9.33 crore in Q2 FY25)
  • Basic EPS: ₹1.41 (₹3.26 in Q2 FY25)

Half Year Ended 30th September 2026 (H1 FY27):

  • Revenue from operations: ₹804.18 crore (₹714.71 crore in H1 FY25)
  • Other income: ₹4.35 crore (₹2.74 crore in H1 FY25)
  • Total income: ₹808.52 crore (₹717.46 crore in H1 FY25)
  • Total expenses: ₹795.99 crore (₹690.46 crore in H1 FY25)
  • Profit before tax: ₹12.53 crore (₹27.00 crore in H1 FY25)
  • Tax expense: ₹8.04 crore (₹8.72 crore in H1 FY25)
  • Profit for the period: ₹4.50 crore (₹18.28 crore in H1 FY25)
  • Basic EPS: ₹3.34 (₹6.40 in H1 FY25)

Subsidiary Update

During H1 FY27, Trucksup Solutions Private Limited (wholly owned subsidiary of Logro Sourcing Private Limited) issued and allotted 15,65,200 Compulsory Convertible Preference Shares of face value ₹10 each at an issue price of ₹500 per share (including securities premium of ₹490 per share), aggregating to ₹78,26,00,000 (₹78.26 crore). These shares are convertible into Equity Shares of the subsidiary in accordance with their terms and applicable provisions of the Companies Act, 2013.

Balance Sheet Position (Consolidated)

As at 30th September 2026:

  • Total assets: ₹983.43 crore (₹862.28 crore as at 31st March 2026)
  • Property, plant and equipment: ₹237.34 crore
  • Trade receivables: ₹553.45 crore
  • Cash and cash equivalents: ₹8.61 crore
  • Total equity: ₹450.28 crore
  • Non-current liabilities: ₹164.93 crore
  • Current liabilities: ₹381.39 crore
  • Borrowings: ₹509.55 crore (₹469.59 crore as at 31st March 2026)

Cash Flow Statement (Consolidated)

For H1 FY27:

  • Net cash used in operating activities: ₹(22.92) crore
  • Net cash used in investing activities: ₹(85.38) crore
  • Net cash from financing activities: ₹98.97 crore
  • Net decrease in cash and cash equivalents: ₹(9.33) crore

Standalone Financial Performance

Quarter Ended 30th September 2026:

  • Revenue from operations: ₹428.97 crore
  • Profit before tax: ₹18.22 crore
  • Profit for the period: ₹11.93 crore
  • Basic EPS: ₹4.17

Half Year Ended 30th September 2026:

  • Revenue from operations: ₹783.21 crore
  • Profit before tax: ₹33.60 crore
  • Profit for the period: ₹25.56 crore
  • Basic EPS: ₹8.93

Governance and Approval

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13th November 2026. The results were reviewed by statutory auditors Mittal & Associates, who issued a limited review report stating nothing came to their attention suggesting material misstatement.

Related Party Transactions

Disclosed transactions totaling ₹1.04 crore during the reporting period, including:

  • Remuneration to Chairman & Whole Time Director Man Mohan Pal Singh Chadha: ₹30.00 lakh
  • Remuneration to Managing Director Sanjeev Kumar Elwadhi: ₹30.00 lakh
  • Remuneration to Company Secretary Gitika Arora: ₹7.20 lakh
  • Investment in subsidiary Logro Sourcing Private Limited: ₹0.76 lakh
  • Loan to subsidiary Trucksup Solutions Private Limited: ₹2,000.00 lakh
  • Interest received from Trucksup Solutions Private Limited: ₹70.19 lakh