Ritco Logistics Limited announced its unaudited financial results for the quarter ended 30th September, 2026. The company reported strong standalone performance with growth across all key parameters, while consolidated profitability was impacted by strategic investments in its digital subsidiary TrucksUp.

Standalone Financial Performance

  • Total income: ₹428.97 crore in Q2 FY27, representing growth of 19.52% over Q1 FY27 (₹358.92 crore) and 19.20% over Q2 FY26 (₹359.87 crore)
  • EBITDA: ₹34.14 crore, up 13.65% QoQ (from ₹30.04 crore) and 18.95% YoY (from ₹28.70 crore)
  • PBT: ₹18.22 crore, up 18.47% QoQ (from ₹15.38 crore) and 7.24% YoY (from ₹16.99 crore)
  • Net profit: ₹13.62 crore, up 14.17% QoQ (from ₹11.93 crore) and 7.50% YoY (from ₹12.67 crore)
  • Growth was driven by ramp-up of newly awarded contracts in polymers, steel, and building materials, alongside higher utilization across the multimodal and warehousing network
  • Profit growth was achieved despite increased depreciation from fleet additions during the period

Consolidated Financial Performance

  • Total income: ₹441.73 crore, up 20.43% QoQ (from ₹366.79 crore) and 22.10% YoY (from ₹361.77 crore)
  • EBITDA: ₹23.03 crore, up 5.16% QoQ (from ₹21.90 crore) but down 10.94% YoY (from ₹25.86 crore)
  • PBT: ₹5.62 crore, down 18.79% QoQ (from ₹6.92 crore) and 58.83% YoY (from ₹13.65 crore)
  • Net profit: ₹1.02 crore, down 70.61% QoQ (from ₹3.47 crore) and 89.06% YoY (from ₹9.32 crore)
  • Profitability moderation attributed to ₹7.24 crore YoY increase in employee benefit expenses for TrucksUp expansion

Operational Highlights and Contract Wins

  • Secured significant mandate from HPCL Rajasthan Refinery Limited (HRRL) for pan-India distribution of polymer granules from Pachpadra, Rajasthan
  • Awarded long-term transportation contract in petrochemical sector covering complex, multi-location movements
  • Won multiple new contracts in steel and building materials segments
  • Entered fly-ash transportation mandate with leading infrastructure player
  • Secured warehousing contracts from petrochemical customers across multiple locations in Gujarat
  • Warehousing capacity under management: 4.5 lakh sq. ft.

Segment Performance

Contract Logistics: Expanded engagement across polymers, steel, infrastructure, renewables, paper and packaging, batteries, power back-up, and pharmaceuticals. Added customers in ceramic materials and allied industries.

3PL and Warehousing: Strengthened integrated logistics offering with new mandates in Gujarat petrochemical belt.

Digital Transformation: Implemented AI-driven logistics intelligence, strengthened security operations, improved vulnerability management, enhanced application resilience, and optimized IT asset management.

TrucksUp Digital Division Performance

  • Total income: ₹13.12 crore in Q2 FY27, up 59.61% QoQ (from ₹8.22 crore) and 480.53% YoY (from ₹2.26 crore)
  • Closed aggregate fund raise of ₹78.26 crore at post-money enterprise valuation of ₹403.26 crore
  • Onboarded Mr. Ajay Devgn as brand ambassador

FASTag Services:

  • Issued over 23,500 FASTags between July-September 2026
  • FASTag GMV crossed ₹126 crore
  • Fully digital end-to-end journey for fleet owners

Fuel Cards:

  • Smart Fuel recorded over 1,050 KL of fuelling during quarter

Load Board:

  • Generated over ₹2.75 crore transaction value
  • Services vertical contributed additional ₹5+ lakh
  • Active across 17,000+ PIN codes nationwide

Vehicle Financing and GPS:

  • Disbursements totaled over ₹11.50 crore
  • Installed over 2,500 GPS units

Management Commentary

Mr. Man Mohan Pal Singh Chadha, Chairman, stated that Q2 FY27 represented a quarter of visible scale-up with nearly 20% revenue growth both sequentially and year-on-year. He highlighted the HRRL polymer mandate as a defining win that positions the company at the center of one of India's fastest-growing industrial value chains. The company is deliberately investing ahead of the curve in TrucksUp, viewing current expenses as front-loaded investments rather than changes in underlying profitability. Priorities for the balance of FY27 include converting expanded order book into sustained volumes, improving asset productivity through AI-led monitoring, scaling warehousing alongside transportation, and bringing TrucksUp to profitability.