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Ritco Logistics Ltd Q1FY24; 32% rise in Profits

Incorporated in 2001, Ritco Logistics Limited provides surface logistics services, including transportation of cargo and warehousing services. The company caters to a wide range of industries such as petrochemicals, steel, textiles, pharmaceuticals, petroleum, and automobile, among others.

Financial Results:

Ritco Logistics Ltd reported Revenues for Q1FY24 of ₹207.86 Crores up from ₹167.95 Crore year on year, a rise of 23.76%.

Total Expenses for Q1FY24 of ₹198.13 Crores up from ₹162.34 Crores year on year, a rise of 22.05%.

Consolidated Net Profit of ₹7.44 Crores up 31.91% from ₹5.64 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.04, up 32.17% from ₹2.30 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Logistics
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