Ritco Logistics Limited reported securing new transportation and supply chain contracts worth approximately ₹230.00 crores in November, marking another month of business growth for the integrated logistics and multimodal transport solutions provider.

Major Transportation Contracts

The company secured several significant contracts across different sectors during November:

Flyash Transportation Expansion

Ritco Logistics made inroads into flyash transportation with the award of a major contract from a leading infrastructure company, along with operations across multiple NTPC locations. The company mobilized dedicated fleets and streamlined execution processes for the movement of flyash.

Multi-Sector Partnership Growth

The company expanded its partnerships across various industry sectors:

FMCG and Consumer Goods:

• Havells: Year-long logistics partnership covering multiple destinations across India
• Tata Consumer: One-year nationwide contract covering diverse routes
• Mother Dairy: Six-month contract covering routes from Tirupati, Morena, Dadri, and Mandoli

TrucksUp Business Updates

Leadership Appointments

TrucksUp strengthened its leadership team with two senior industry appointments:

Industry Recognition

TrucksUp received multiple industry awards:

• Emerging Supply Chain Tech Company of the Year at the 11th Future of Supply Chain, Logistics Summit
• Best Digital Transformation in Logistics for advancing smart, technology-enabled trucking solutions

November Performance Metrics

TrucksUp recorded performance across its service offerings during November:

Strategic Growth Initiatives

TrucksUp initiated a fundraising round targeting ₹350.00 crores to accelerate nationwide expansion and enhance technological capabilities. The company has received ₹20.00 crores from its promoters. This investment aims to strengthen organizational capabilities, drive technological advancements, and scale operations across India's key logistics corridors.

Business Outlook

With over ₹230.00 crores in new business acquisitions during November, Ritco Logistics continues building momentum following performance in previous months. The company remains focused on leveraging technology, operational integration, and multimodal capabilities to deliver logistics solutions while strengthening client partnerships and expanding nationwide reach.

Ritco Logistics Limited, a key player in the Indian logistics sector, has reported a significant increase in revenue for the second quarter of fiscal year 2026, accompanied by a slight decrease in net profit.

Q2 FY2026 Financial Highlights

Ritco Logistics announced its consolidated financial results for the quarter ended September 30, 2025:

• Revenue from operations reached ₹36,038.46 lakhs, a 29% increase from ₹27,909.15 lakhs in the same quarter last year.
• Net profit stood at ₹932.57 lakhs, compared to ₹1,033.19 lakhs in the previous year, representing a slight decline.
• For the half year, consolidated revenue rose to ₹71,471.38 lakhs, up from ₹53,131.90 lakhs in the previous year.

On a standalone basis, the company achieved revenue of ₹36,017.11 lakhs for the quarter, compared to ₹27,909.15 lakhs in the same period last year.

Additional Information

• The Board of Directors approved these unaudited financial results in a meeting held on November 12, 2025.
• The statutory auditors have issued an unmodified opinion on the financial statements.
• The results include consolidated figures from subsidiaries Logro Sourcing Private Limited and Trucksup Solutions Private Limited.

Analysis

Ritco Logistics has demonstrated strong top-line growth, with a 29% year-over-year increase in revenue. This substantial rise reflects the company's expanding market presence and successful business strategies. However, the slight decrease in net profit suggests that the company may be facing some challenges in maintaining profitability margins amid growth.

The inclusion of consolidated figures from its subsidiaries indicates that Ritco Logistics is leveraging its group companies to enhance its overall performance and market position.

As Ritco Logistics continues to expand its operations and navigate the competitive logistics sector, investors and industry observers will be keen to see how the company balances its growth trajectory with profitability in the coming quarters.