BSERajvi Logitrade LtdHighNeutral
Announced Fri, 14 Nov · 17:52 IST

Un-audited Financial Results of the company for the Quarter and Half-Year ended on 30th September, 2025

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionResults View source PDF

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AI summary

Rajvi Logitrade Limited (formerly Suryakrupa Finance Limited) reported strong H1 FY26 results with total income of Rs. 3,944.36 lakhs, up roughly 269% from Rs. 1,070.23 lakhs in H1 FY25. Profit after tax for H1 FY26 stood at Rs. 61.48 lakhs vs Rs. 28.34 lakhs YoY, a ~117% jump, with basic EPS of Rs. 3.65 (vs Rs. 2.83). Standalone Q2 FY26 revenue was Rs. 1,715.94 lakhs versus Rs. 632.04 lakhs in Q2 FY25, but PAT dipped to Rs. 13.26 lakhs from Rs. 48.22 lakhs in the preceding Q1 FY26, showing a sequential decline in profitability. The company's paid-up equity capital expanded more than 6x (from Rs. 100 lakhs to Rs. 632.55 lakhs) due to the conversion of 53.25 lakh warrants into equity shares. Statutory auditor Prakash Tekwani & Associates issued an unqualified limited review report, with no qualifications or emphasis-of-matter issues.

Likely market impact

The dramatic revenue growth signals major business expansion, likely tied to the company's transition into logistics from its earlier finance avatar, though PAT margin compression and rising finance costs (Rs. 82.41 lakhs in H1 vs Rs. 4.64 lakhs YoY) are watchpoints. The substantial warrant conversion strengthens the equity base and reduces future dilution overhang, which is positive for shareholders.