Ritco Logistics Limited has informed the Exchange regarding Outcome of Board Meeting held on May 27, 2026.
RITCO · price
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Ritco Logistics reported standalone FY2026 revenue of ₹1,48,424 lakh, up 25% from ₹1,18,856 lakh in FY2025, with PAT growing 5.7% to ₹4,988 lakh. However, consolidated PAT declined 21% to ₹3,192 lakh due to losses in subsidiaries (non-controlling interest loss of ₹406 lakh vs ₹158 lakh prior year). The statutory auditor issued an unmodified opinion on both standalone and consolidated results. Ms. Shweta Jain resigned as Independent Director effective May 5, 2026. The company also transferred 82,250 ESOP shares to 17 employees under its Pragati Ki Aur - ESOP Plan 2022. Total assets grew to ₹86,227 lakh from ₹65,205 lakh, while cash position improved to ₹1,794 lakh from ₹741 lakh.
Standalone numbers look solid with revenue growth, but the significant decline in consolidated profitability due to subsidiary losses is a concern. The director resignation and rising receivables (₹49,511 lakh vs ₹37,475 lakh) warrant attention. Positive cash generation from financing activities offset operational cash outflows.