Integrated Filing — IndAS



General information about company
Scrip Code 542383
NSE Symbol RITCO
MSEI Symbol NOTLISTED
ISIN INE01EG01016
Name of company Ritco Logistics Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 19-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 11-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Hiring Income
Start date and time of board meeting 19-May-2025   17:30:00
End date and time of board meeting 19-May-2025   18:35:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2024-05-22
Indicate Company website link for updated RPT policy of the Company www.ritcologistics.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable as there is no default on Loans by the company



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 3443115000 11885596000
Other income 18204000 61469000
Total income 3461319000 11947065000
2 Expenses
(a) Cost of materials consumed 3036594000 10486746000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 69025000 256556000
(e) Finance costs 63555000 222548000
(f) Depreciation, depletion and amortisation expense 50643000 161927000
(f) Other Expenses
1 Rent 3679000 13720000
2 Rate & Taxes 102000 371000
3 Insurance 18564000 40242000
4 Repairs and Maintenance 1559000 5259000
5 Audit Fee 169000 638000
6 Travelling & Conveyance Expenses 6320000 19070000
7 Rebate & Discount 6280000 30246000
8 Legal and Professional Charges 369000 1108000
9 Printing and Stationary 405000 1495000
10 Other Expenses 23480000 71740000
Total other expenses 60927000 183889000
Total expenses 3280744000 11311666000
3 Total profit before exceptional items and tax 180575000 635399000
4 Exceptional items 0 0
5 Total profit before tax 180575000 635399000
6 Tax expense
7 Current tax 31818000 116851000
8 Deferred tax 14224000 46601000
9 Total tax expenses 46042000 163452000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 134533000 471947000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 134533000 471947000
17 Other comprehensive income net of taxes -977000 1015000
18 Total Comprehensive Income for the period 133556000 472962000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 283228000 283228000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2989105000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.96 17.41
Diluted earnings (loss) per share from continuing operations 4.95 17.38
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.96 17.41
Diluted earnings (loss) per share from continuing and discontinued operations 4.95 17.38
24 Debt equity ratio 0.0095 0.0095
25 Debt service coverage ratio 0.0436 0.037
26 Interest service coverage ratio 0.0366 0.0365
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1449504000
Capital work-in-progress 0
Investment property 76000
Goodwill 0
Other intangible assets 0
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 209333000
Other non-current financial assets 486470000
Total non-current financial assets 695803000
Deferred tax assets (net) 0
Other non-current assets 0
Total non-current assets 2145383000
2 Current assets
Inventories 0
Current financial asset
Current investments 7669000
Trade receivables, current 3747477000
Cash and cash equivalents 56819000
Bank balance other than cash and cash equivalents 13755000
Loans, current 4500000
Other current financial assets 247305000
Total current financial assets 4077525000
Current tax assets (net) 64639000
Other current assets 294402000
Total current assets 4436566000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 6581949000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 283228000
Other equity 3007638000
Total equity attributable to owners of parent 3290866000
Non controlling interest
Total equity 3290866000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 827500000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 827500000
Provisions, non-current 14023000
Deferred tax liabilities (net) 69602000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 911125000
Current liabilities
Current financial liabilities
Borrowings, current 2306120000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 36767000
Total Trade payable 36767000
Other current financial liabilities 6830000
Total current financial liabilities 2349717000
Other current liabilities 28402000
Provisions, current 1839000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 2379958000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 3291083000
Total equity and liabilites 6581949000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to Profit or Loss -1306000 1357000
Total Amount of items that will not be reclassified to profit and loss -1306000 1357000
2 Income tax relating to items that will not be reclassified to profit or loss -329000 342000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -977000 1015000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 635399000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 217911000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current -796240000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -155757000
Adjustments for decrease (increase) in other non-current assets 463000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 1646000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 3060000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -6570000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 161927000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 3169000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 438000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 1357000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -568596000
Net cash flows from (used in) operations 66803000
Dividends received 0
Interest paid 0
Interest received -51578000
Income taxes paid (refund) 116851000
Other inflows (outflows) of cash 1614000
Net cash flows from (used in) operating activities -100012000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 13655000
Purchase of property, plant and equipment 992090000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 51576000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -196228000
Net cash flows from (used in) investing activities -1123087000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 969996000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 546113000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 222713000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 1293396000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 70297000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 70297000
Cash and cash equivalents cash flow statement at beginning of period 479297000
Cash and cash equivalents cash flow statement at end of period 549594000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 MITTAL & ASSOCIATES Yes 31-May-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 07-Feb-2019
Amount Raised 481800000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NA
Comments of the auditors, if any NA
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 25-Jul-2024
Amount Raised 999996000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NA
Comments of the auditors, if any NA
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Signatory Details
Name of signatory Gitika Arora
Designation of person Company Secretary and Compliance Officer
Place Gurgaon
Date 30-May-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 RITCO LOGSITICS LIMITED MAN MOHAN PAL SINGH CHADHA Chariman and Whole Time Director Remuneration 3000000 NA 1500000 193000 193000
2 RITCO LOGSITICS LIMITED SANJEEV KUMAR ELWADHI Managing Director Remuneration 3000000 NA 1500000 193000 193000
3 RITCO LOGSITICS LIMITED GITIKA ARORA COMPANY SECRETARY Remuneration 600000 NA 300000 50000 50000
4 RITCO LOGSITICS LIMITED LOGRO SOURCING PRIVATE LIMITED SUBSIDARY COMPANY Investment 0 NA 0 76000 76000
5 RITCO LOGSITICS LIMITED TRUCKSUP SOLUTIONS PRIVATE LIMITED SUBSIDARY COMPANY Loan 0 NA 0 200000000 200000000
6 RITCO LOGSITICS LIMITED TRUCKSUP SOLUTIONS PRIVATE LIMITED SUBSIDARY COMPANY Interest received 0 NA 9333000 0 9333000
Total value of transaction during the reporting period 12633000