Sical Logistics Limited ("Company") has informed the exchange that the board of directors of the Company at its meeting held on May 29, 2026, has considered and approved the audited standalone ....
SICALLOG · price
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Sical Logistics Limited reported audited standalone profit of Rs 3,956 lakhs for FY2026 versus a loss of Rs 6,027 lakhs in FY2025. Consolidated profit stood at Rs 4,928 lakhs versus a loss of Rs 3,368 lakhs in the prior year. The profit improvement is primarily due to an exceptional gain of Rs 5,559 lakhs from land sale; without this, standalone pre-exceptional loss was Rs 1,603 lakhs. Revenue from operations on standalone basis jumped to Rs 16,477 lakhs from Rs 4,022 lakhs, though the large jump may warrant scrutiny. The company completed a rights issue of 1,43,35,790 equity shares raising approximately Rs 29,303 lakhs, increasing paid-up capital from Rs 6,525 lakhs to Rs 7,978 lakhs. Management also classified Rs 11,130 lakhs of land and buildings as assets held for sale, intending to use proceeds for debt repayment. Statutory auditors SRSV & Associates issued an unmodified opinion.
The company returned to profitability aided by one-time land sale proceeds, which masks continued operational weakness with pre-exceptional losses and negative operating cash flows. The rights issue provides some balance sheet relief, but high borrowings and asset sale plans indicate ongoing financial stress. Shareholders face dilution from the rights issue while underlying business performance remains challenged.