The Exchange had sought clarification from Ritco Logistics Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI The response of the Company is enclosed.
RITCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NSE sought a clarification from Ritco Logistics because its Q4 FY25 (quarter ended 31-Mar-2025) financial results were not in the format prescribed under SEBI LODR Regulation 33. The company responded that the issue was an inadvertent printing error in the standalone Balance Sheet and a clerical omission of the 'Balancing Figures' note from the Notes to Accounts, while all other parts complied with the prescribed format. The company regrets the error and has committed to avoiding such lapses in future submissions. Along with the clarification, Ritco filed its audited FY25 results: consolidated revenue from operations rose ~27% YoY to ₹1,18,968.59 lakhs and consolidated profit after tax grew ~24% to ₹4,063.22 lakhs (EPS ₹14.99 vs ₹13.34). Standalone PAT jumped to ₹4,719.47 lakhs (EPS ₹17.41 vs ₹13.93). Statutory auditor Mittal & Associates issued an unmodified opinion. The company also raised ~₹9,699.96 lakhs via a share issue and spent ~₹9,944 lakhs on property, plant and equipment, pushing operating cash flow into negative territory at ₹(1,604.06) lakhs.
The clarification is procedural and largely a compliance housekeeping matter with no material impact on fundamentals. However, shareholders should note the strong top-line and profit growth, balanced against negative operating cash flow, a sharp rise in borrowings, and heavy capex indicating an expansion/leverage phase.