Ritco Logistics Limited — Updates, 15-11-2024: Press Release

Ritco Logistics Limited reported robust financial performance for Q2 FY25, with standalone total income reaching ₹279.09 Crores, marking an 18.94% year-on-year increase. EBITDA improved to ₹22.63 Crores, up 17.96% y-o-y, while PAT surged by 34.21% to ₹11.45 Crores, with a PAT margin of 4.10%. On a consolidated basis, total income was identical at ₹279.09 Crores, with EBITDA of ₹21.51 Crores and a PAT of ₹10.33 Crores, reflecting a PAT margin of 3.70%.

The company emphasizes innovation in logistics, showcasing significant investments in technology and infrastructure that enhance operational efficiency. Partnerships, particularly with ‘Trucks Up’, are key to managing freight costs effectively. Strategically, Ritco is focused on expanding its capabilities in bulk sectors such as steel and cement, aiming to leverage high-capacity trailers to bolster service offerings. The positive outlook on performance underscores its commitment to sustainable growth and industry leadership, despite competitive pressures and high freight costs.

Ritco recently raised ₹100 Crores through a preferential issue to support growth initiatives and digital innovation, with plans to allocate ₹20 Crores for its digital platform, Trucksup.