Ritco Logistics Limited — Board Meeting, 20-05-2025: Outcome of Board Meeting

Ritco Logistics has announced a board meeting on the approval of its audited consolidated financial results for the quarter and year ended March 31, 2025. Consolidated revenue climbed to Rs 1,19,470.65 lakh from Rs 93,714.03 lakh year-on-year. Profit after tax improved to Rs 4,719.47 lakh from Rs 3,408.77 lakh. The board approved allotment of 3 lakh equity shares at Rs 247.10 each on conversion of promoter group warrants. Operating cash flow was negative at Rs 1,000.12 lakh due to higher working capital needs, with significant investing outflows for property and equipment. The company is focused on strengthening its logistics and financial position.