Ritco Logistics Ltd

Overview

• Unaudited Q1 FY27 results released; CRISIL A- rating retained amid Middle East conflict.
• Turnover up YoY; slight QoQ decline due to Middle East disruption.

Standalone Financials

• Standalone total income ₹358.92 Cr in Q1 FY27.
• Standalone EBITDA ₹30.04 Cr; PBT ₹15.38 Cr; Net profit ₹11.93 Cr.
• Q1 standalone total income declined 7.25% QoQ; YoY up 1.31%.
• CRISIL A- rating maintained.

Consolidated Financials

• Consolidated total income ₹366.79 Cr in Q1 FY27.
• Consolidated EBITDA ₹21.90 Cr; Net profit ₹3.47 Cr.
• PAT declined YoY and QoQ due to higher depreciation and employee costs.
• Record quarter highlights include long-term petrochemical contract and expanded 3PL/warehousing.

Operational & Digital Highlights

• TrucksUp platform growth with FASTag, fuel cards, and load board.
• Long-term contracts in steel, polymers, energy; expanded warehousing.
• Management comments emphasize growth, sector expansion, and technology-driven platform.
• Funding plan: Ritco to raise funds in TrucksUp.

Outlook

• Management expects sustainable growth and cash-flow strength through FY27.

Consolidated results

• Consolidated revenue from operations (net) 36,511.72 lakh.
• Total consolidated expenses: 35,987.01 lakh.
• Profit before tax: 691.79 lakh.
• Profit for the period after tax: 347.23 lakh.
• Net profit to owners: 550.25 lakh; NCI: (203.02) lakh.
• Basic/Diluted EPS: 1.92.
• ESOP: 82,250 shares transferred; balance 152,250.

Standalone results

• Standalone revenue from operations: 35,701.74 lakh.
• Standalone PAT: 1,193.16 lakh.
• Standalone EPS: 4.17.

Financial results approved

• Unaudited standalone and consolidated Q1 FY2026 results approved for quarter ended 30 June 2026.
• Independent Auditor's Limited Review Reports issued with unmodified opinion.
• Results to be published in newspapers and uploaded on the company's website.

ESOP and capital update

• 82,250 ESOP shares transferred to 17 employees; balance remaining 1,52,250.
• No new equity issued; no change in issued/subscribed/paid-up capital due to ESOP transfers.

Regulatory/compliance notes

• Interim results prepared under Ind AS 34; reviewed by Audit Committee and approved by Board.
• Single reportable segment; segment-wise reporting not applicable.

New Contracts & Portfolio Expansion

• HRRL contract approx ₹334 crore for pan-India polymer granule distribution.
• MRPL transportation contract awarded for services from Mangalore.
• OPAL warehousing contract secured in Gujarat.

Technology & Fleet Uptake

• FASTags issued: 5,000+; GMV ₹27 crore.
• Fuel cards created: 326; GMV ₹2.50 crore.
• Vehicle financing: 13 cases closed; disbursement ₹4.30 crore; avg ₹33 Lakh.
• GPS installations: ~800 units; revenue ₹40 Lacs.

Brand & Partnerships

• Ajay Devgn partnership to expand brand reach.

Outlook

• Outlook: sustainable, profitable growth; diversified transportation, warehousing, multimodal logistics.

IT & Security Updates

• IT security enhancements: monitoring, asset management, collaboration improvements.

ESOP update and outstanding balance

• 2,500 unvested ESOPs under PRAGATI KI AUR 2022 cancelled after employee ceased service and surrendered options.
• ESOP 2022 total now 137,250 options outstanding.
• Nomination and Remuneration Committee approved grant letters for 73,000 ESOPs under PRAGATI KI AUR-II (ESOP Plan 2023).
• Total outstanding under ESOP Plan- Pragati Ki Aur-II now 312,000 options.

Certificate submission status

• Submitted confirmation certificate and details of dematerialised share certificates for quarter ended June 30, 2026.

Q4 FY26 results

• Press release covered audited Q4 FY26 and full-year FY26 financial results.
• Standalone FY26 total income rose 24.84% to ₹1,491.42 crore.
• Standalone FY26 net profit increased 5.69% to ₹49.88 crore.
• Consolidated FY26 total income rose 25.91% to ₹1,505.39 crore.
• Consolidated FY26 net profit fell 21.43% to ₹31.92 crore.

Business wins

• Won a three-year nationwide steel transportation contract.
• Expanded FMCG and building materials contracts across pan-India and regional routes.
• Secured fly ash logistics and infrastructure-linked bulk commodities mandates.
• Added new customers in FMCG, allied industries, and healthcare.

Operations and digital

• Expanded 3PL and warehousing network across Western India.
• Strengthened multimodal operations and industrial corridor coverage.
• Implemented cybersecurity and system hardening measures.
• TrucksUp issued 12,520 FASTags, 3,460 fuel cards, and 4,203 insurance policies.
• TrucksUp load board expanded to 17,000+ PIN codes.

Outlook

• Management expects growth momentum to continue through stronger sector penetration and multimodal expansion.
• Management said technology investments are improving service reliability, visibility, and asset productivity.