Ritco Logistics Limited has informed the Exchange about Transcript
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Ritco Logistics filed the transcript of its Q1 FY26 earnings call held on August 13, 2025. Management reported 40% year-on-year revenue growth and 3% sequential growth for the quarter, with overall EBITDA margin at 8.1%. The company derives 90% of revenue from B2B transportation (10-14% operating margin) and 10% from higher-margin warehousing and implant logistics (around 20% margin), and aims to grow multimodal to 30% of volume within three years. Working capital days improved from 125 to 109, with a target of 103 this year and 90 over the next two to three years. TrucksUp, the aggregator platform, clocked Rs.1.75 crore in Q1 FY26, targets Rs.15 crore in FY26 and breakeven within two years, with daily usage of around 18,000-19,000 users and 7,500-8,500 loads. Of the Rs.100 crore recently raised, Rs.20 crore is earmarked for TrucksUp (kept in FDs) and Rs.80 crore for working capital and technology, with no plans to buy trucks.
Positive for shareholders — strong top-line growth, improving working capital cycle, and a clear pivot toward higher-margin warehousing, implant logistics and multimodal services that should lift margins over 1-3 years. TrucksUp shows early traction but remains a cash burn for now, with breakeven targeted within two years.