Rita Finance FY26 net profit rises 15.2% to ₹69.48 lakh

1 min read     Updated on 27 May 2026, 08:06 PM
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Anirudha BScanX News Team
AI Summary

Rita Finance And Leasing Limited reported a 15.2% increase in net profit to ₹69.48 lakh for FY26, with revenue rising to ₹132.59 lakh. The board adopted the audited financial results and appointed M/s. Shweta Jain & Co LLP as internal auditor for FY27 during a meeting on May 27, 2026.

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Rita Finance And Leasing Limited reported a net profit of ₹69.48 lakh for the financial year ended March 31, 2026, marking a 15.2% increase from the previous year. Revenue from operations rose to ₹132.59 lakh in FY26, compared to ₹102.84 lakh in the prior year. The board adopted the audited standalone financial results and appointed M/s. Shweta Jain & Co LLP as the internal auditor for the financial year 2026-27 at a meeting held on May 27, 2026, in Ahmedabad.

The company's total income for the year stood at ₹132.59 lakh, while total expenses were recorded at ₹40.55 lakh. For the quarter ended March 31, 2026, the company posted a net profit of ₹12.25 lakh on revenue from operations of ₹38.33 lakh. The statutory audit was conducted by M/s. Parth R Shah And Co., Chartered Accountants, who issued an unmodified opinion on the financial results.

Financial Performance Summary

The following table details the financial performance for the quarter and year ended March 31, 2026:

Particulars Quarter Ended 31.03.2026 (Audited) Year Ended 31.03.2026 (Audited)
Revenue from operations 38.33 132.59
Total Income 38.33 132.59
Total Expenses 22.60 40.55
Profit before tax 15.73 92.04
Net Profit 12.25 69.48
Earnings per share (Basic) 0.12 0.69

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹2082.05 lakh, an increase from ₹1904.22 lakh in the previous year. Financial assets, including loans and investments, formed a significant portion of the balance sheet. Loans amounted to ₹1929.66 lakh, while investments were recorded at ₹100.01 lakh. The company's borrowings increased to ₹330.83 lakh from ₹251.80 lakh in the prior year. Equity share capital remained unchanged at ₹1000.00 lakh, while reserves and surplus grew to ₹705.64 lakh.

Internal Auditor Appointment

The Board approved the appointment of M/s. Shweta Jain & Co LLP (FRN: 127673W/W101149), Chartered Accountants, as internal auditors to conduct the internal audit for the financial year 2026-27. The appointment was made to comply with the Companies Act, 2013 and the requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Historical Stock Returns for Rita Finance & Leasing

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-4.29%-0.42%-26.89%-28.10%+65.00%

What factors are expected to drive the continued growth in revenue and net profit in the upcoming financial year?

How will the increase in borrowings impact the company's leverage and interest obligations in FY27?

What strategies will the company employ to manage the growing financial assets, particularly the significant loan portfolio?

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Rita Finance allots 60 lakh warrants at ₹20

3 min read     Updated on 13 May 2026, 04:19 PM
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AI Summary

Rita Finance and Leasing Limited allotted 60,00,000 convertible warrants to non-promoters at ₹20 per warrant. The company received 25% of the issue price upfront, with the remaining 75% due within 18 months. Major allottees include Rajnikant C Shukla HUF and Sellwin Traders Limited.

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Rita Finance and Leasing Limited has allotted 60,00,000 convertible warrants to persons belonging to the non-promoter category. The board of directors approved the allotment during a meeting held on May 13, 2026. The warrants were issued at a price of ₹20.00 per warrant by way of preferential allotment.

Allotment Details

The company received 25% of the issue price, amounting to ₹5.00 per warrant, at the time of subscription and allotment. The balance 75% of the issue price is payable upon the exercise of the warrants. Each warrant carries a right to subscribe to one equity share.

The warrants entitle the allottee to apply for and be allotted an equal number of equity shares for each warrant held. The exercise must occur within 18 months from the date of issue. If the warrants are not exercised within this period, they will lapse, and the amount paid will be forfeited by the company.

Shareholding Pattern

The allotment has resulted in significant shareholding changes for the non-promoter investors. The following table details the pre and post-allotment shareholding percentages.

Sr. No. Name of the Allottee Post Shareholding % of Post Shareholding
1 Rajnikant C Shukla HUF 790000 4.94%
2 Sellwin Traders Limited 790000 4.94%
3 Hetalben Monilbhai Vora 600000 3.75%
4 Shilpa Buildcon Private Limited 50000 0.31%
5 Neela Falgun Yagnik 395000 2.47%
6 Falgun A Yagnik HUF 380000 2.38%
7 Reshma Karan Morani 50000 0.31%
8 Nitinbhai J Mistry 50000 0.31%
9 Priyanka Mittal 300000 1.88%
10 Rahul Mittal 300000 1.88%
11 Long View Financial Services Pvt Ltd 600000 3.75%
12 Pankaj Manilal Sheth 10000 0.06%
13 Amit B Shah 25000 0.16%
14 Abhay Bipinchandra Shah 25000 0.16%
15 Helly Jayeshbhai Raval 475000 2.97%
16 Mitesh Patel 365000 2.28%
17 Mideast Healthcare Private Limited 790000 4.94%
18 Montukumar Ganpatbhai Patel 5000 0.03%

Regulatory Disclosures

The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the preferential allotment was made in accordance with the provisions of SEBI ICDR Regulations, 2018.

Historical Stock Returns for Rita Finance & Leasing

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-4.29%-0.42%-26.89%-28.10%+65.00%

How might the potential conversion of all 60,00,000 warrants into equity shares impact Rita Finance & Leasing's capital structure and existing promoter shareholding dilution over the next 18 months?

What strategic business expansion or funding objectives is Rita Finance & Leasing likely pursuing with the ₹12 crore raised through this preferential allotment?

Given that all 18 allottees had zero pre-allotment shareholding, could this warrant issuance signal the entry of a new strategic investor group seeking influence over the company's future direction?

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