Rita Finance and Leasing Reports Q1 Results: Net Profit Declines 63% YoY
Rita Finance & Leasing Limited, an NBFC, reported a 63% decline in net profit to Rs 22.20 lakh for Q1, despite a 12.9% increase in total income to Rs 36.66 lakh. Total expenses decreased by 10.7% to Rs 7.06 lakh. The company's EPS fell to Rs 0.22 from Rs 0.60 in the previous year. The financial results were approved by the Board of Directors and reviewed by statutory auditors.