Rita Finance net profit falls 32% in Q1FY26 to ₹15.20 lakh on higher costs

Rita Finance and Leasing reported a standalone net profit of ₹15.20 lakh for the first quarter ended June 30, 2026, down from ₹22.20 lakh in the corresponding period of the previous year. While revenue from operations expanded to ₹42.61 lakh from ₹36.66 lakh, the bottom line was pressured by rising finance costs.

The Board of Directors approved the unaudited financial results in its meeting held on August 13, 2026, at the company’s corporate office in Ahmedabad. The approval was granted under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sandip Patel, Director, authorized the communication to stock exchanges.

Financial Performance

Total income for the quarter stood at ₹44.13 lakh, comprising ₹42.61 lakh from interest income and ₹1.52 lakh from other income. In contrast, total income for Q1FY25 was ₹36.66 lakh, with no other income recorded.

Metric	Q1FY26 (₹ lakh)	Q1FY25 (₹ lakh)	Change
Revenue from operations	42.61	36.66	+16.2%
Other Income	1.52	0.00	New
Total Income	44.13	36.66	+20.4%
Total Expenses	24.64	7.06	+249.0%
Net Profit	15.20	22.20	-31.5%

Finance costs surged to ₹1.20 lakh in Q1FY26 compared to nil in Q1FY25. Other expenses also increased significantly to ₹22.81 lakh from ₹5.39 lakh in the prior year period. Employee benefit expenses declined to ₹0.60 lakh from ₹1.65 lakh.

Profit before tax and exceptional items fell to ₹19.49 lakh from ₹29.60 lakh. After accounting for current tax expenses of ₹4.29 lakh (compared to ₹7.40 lakh in Q1FY25), the net profit for the period was ₹15.20 lakh.

Auditor Review

The limited review of the unaudited financial results was conducted by Parth R Shah and Co., the statutory auditors. The review report states that nothing has come to their attention to cause them to believe that the financial statements have not disclosed the information required under SEBI regulations or contain any material misstatement.

The company operates in a single reportable segment: Financial Services (including NBFC). The earnings per equity share for the quarter were ₹0.15, down from ₹0.22 in Q1FY25.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.97%	-7.50%	+22.25%	-41.15%	-52.71%	+11.00%

Rita Finance and Leasing Ltd has accepted the resignation of Jenisha Het Shah from the position of Chief Executive Officer (CEO) effective June 13, 2026. The resignation, submitted via a letter dated June 13, 2026, was tendered to pursue new professional opportunities that align with her long-term career goals and aspirations. The company informed the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Jenisha Het Shah confirmed that there are no other material reasons for her departure beyond the stated professional objectives. She expressed appreciation for the support received from the Board, management, and colleagues during her tenure and pledged full cooperation during the transition period to ensure a smooth handover of responsibilities.

Key Details of Resignation

The following table outlines the specific details regarding the change in leadership:

Sr. No.	Particulars	Disclosure
1	Name	Jenisha Het Shah
2	Designation	Chief Executive Officer (CEO)
3	Reason for Change	Resignation
4	Date of Cessation	13 June, 2026
5	Reason for Resignation	As stated in the attached resignation letter
6	Brief Profile	Not Applicable
7	Disclosure of Relationship between Directors	Not Applicable