Ritco Logistics Q1 FY27: Turnover dips QoQ, EBITDA up

Ritco Logistics reported a strong Q1 FY27 performance despite Middle East conflicts impacting the petrochemical industry. While turnover saw a slight QoQ decline (-7.25% standalone, -6.89% consolidated) due to geopolitical issues, EBITDA increased both YoY and QoQ (standalone: +14.45% QoQ, +6.22% YoY; consolidated: +10.11% QoQ). Standalone Net Profit saw a marginal increase of 8.75% QoQ but a slight decline of 4.25% YoY, attributed to higher depreciation. Consolidated Net Profit declined YoY and QoQ due to increased depreciation and employee benefit expenses from scaling Trucksup's business. The company secured new contracts in Steel & Metals, Building Materials, and fly ash logistics, and maintained its CRISIL A- credit rating.