Integrated Filing (Financial) for the quarter and year ended March 31, 2025
RITCO · price
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Ritco Logistics reported strong consolidated revenue growth of about 27.5% YoY to ₹1,18,968.59 lakhs for FY25, up from ₹93,330.27 lakhs in FY24. Q4 FY25 revenue rose to ₹34,540.58 lakhs vs ₹25,188.13 lakhs in Q4 FY24, a ~37% jump. Consolidated profit after tax grew ~24.5% to ₹4,063.22 lakhs (FY24: ₹3,264.73 lakhs), while standalone PAT grew ~38.5% to ₹4,719.47 lakhs. EPS (consolidated) improved to ₹14.99 from ₹13.34. However, the company turned cash-flow negative from operations, posting a consolidated outflow of ₹1,604.06 lakhs (FY24: inflow of ₹1,478.63 lakhs), mainly due to a sharp rise in trade receivables and heavy capex of ₹9,944.90 lakhs on property, plant and equipment, which lifted the PPE base from ₹6,270.66 lakhs to ₹14,484.01 lakhs. Borrowings also increased to ₹31,336.48 lakhs from ₹25,877.13 lakhs. The statutory auditor M/s Mittal & Associates issued an unmodified opinion on both standalone and consolidated results.
Strong top-line growth and higher profitability are positive for shareholders, supported by a healthy balance sheet (other equity up to ₹29,250.79 lakhs from ₹15,704.57 lakhs). However, negative operating cash flow and rising receivables, debt, and capex warrant close monitoring, as they indicate cash conversion and working capital pressure despite reported earnings growth.