According to reports from Business Standard, Rita Finance and Leasing reported a 31.82% decline in standalone net profit for the quarter ended June 2026, falling to ₹0.15 crore compared to ₹0.22 crore in the corresponding quarter of the previous year. The company's profit before tax (PBT) also decreased by 34% to ₹0.19 crore during the same period. Latest financial data shows the company's net income before taxes stood at ₹0.30 crore in Q1 FY2026, representing a 16.15% increase from the previous quarter but a 20.62% decline year-on-year.
Despite the profit decline, the company demonstrated strong revenue growth with sales rising 16.22% to ₹0.43 crore in Q1 FY2026, up from ₹0.37 crore in the corresponding quarter of the previous year. This revenue expansion indicates the company's ability to maintain business momentum despite the profitability challenges. Latest quarterly results show total revenue reaching ₹0.37 crore in Q1 FY2026, marking a 12.97% increase compared to the same quarter last year and a 20.38% growth from the previous quarter.
As reported by Business Standard, the company's operating profit margin (OPM) improved to 41.86% in Q1 FY2026 from 78.38% in the same quarter of the previous year. Additionally, PBDT (Profit Before Depreciation and Tax) declined by 34% to ₹0.19 crore during the quarter, reflecting the overall impact of the profit decline across key financial metrics. The company's operating income for the quarter stood at ₹0.30 crore, showing a 35.26% increase from the previous quarter but a 20.62% decline year-on-year.
