Sical Logistics Limited has submitted the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
SICALLOG · price
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Sical Logistics reported a strong turnaround in FY2026, with consolidated net profit of Rs 4,928 lakhs versus a net loss of Rs 2,589 lakhs in FY2025, driven by an exceptional gain of Rs 5,559 lakhs from land sale and robust revenue growth. Consolidated revenue surged to Rs 38,568 lakhs from Rs 2,182 lakhs in the prior year (standalone revenue rose to Rs 16,477 lakhs from Rs 4,022 lakhs). EBITDA stood at approximately Rs 8,318 lakhs on consolidated basis. The company completed a Rs 29,303 lakh rights issue during Q4 FY2026. However, the balance sheet remains under pressure with consolidated borrowings of Rs 43,344 lakhs (D/E ratio ~1.6x) and negative other equity of Rs 7,002 lakhs on standalone basis. Auditors issued an unmodified opinion and no going concern issues were flagged.
The profit turnaround and rights issue provide near-term relief, but the very high leverage and heavy reliance on an exceptional land sale gain to swing into profit raise concerns about underlying operational sustainability.