Series: BE

Date: August 14, 2026

Financial Performance Overview

Sical Logistics Limited announced its unaudited consolidated financial results for the quarter ending 30th June 2026 (Q1FY27).

Consolidated Financial Results

| Particulars (₹ Million) | Q1FY27 | Q1FY26 | YoY Change | FY26 Full Year |

| Revenue from Operations | 1,326 | 975 | 35.9% | 3,857 |

| EBITDA | 250 | 229 | 8.8% | 783 |

| EBITDA Margin % | 18.8% | 23.5% | -4.7pp | 20.3% |

Segment-wise Performance Q1FY27 vs Q1FY26

| Particulars (₹ Million) | Mining Logistics | Terminals | Warehousing & 3PL |

| Revenue Q1FY27 | 710 | 444 | 172 |

| Revenue Q1FY26 | 439 | 360 | 177 |

| YoY Growth | 61.7% | 23.6% | -2.8% |

| EBITDA Q1FY27 | 140 | 97 | 12 |

| EBITDA Q1FY26 | 131 | 89 | 10 |

| EBITDA Margin Q1FY27| 19.7% | 21.9% | 7.2% |

| EBITDA Margin Q1FY26| 29.8% | 24.8% | 5.4% |

Performance Drivers and Business Highlights

Mining Logistics

  • Revenue grew 61.7% YoY to ₹710 million in Q1FY27
  • Benefited from increase in production share in Nigahi project to 35% from approximately 25% in FY26
  • EBITDA margin declined to 19.7% from 29.8% in Q1FY26

Terminals Business

  • Revenue grew 23.6% YoY to ₹444 million in Q1FY27
  • Growth driven by commencement of operations at Chennai MMLP
  • Margin improvement in CFS operations
  • EBITDA margin decreased to 21.9% from 24.8% in Q1FY26

Warehousing & 3PL

  • Revenue declined 2.8% YoY to ₹172 million in Q1FY27
  • Healthy margin expansion achieved due to degrowth in low-margin Full Truck Load transportation business
  • EBITDA margin improved to 7.2% from 5.4% in Q1FY26

Strategic Initiatives and Balance Sheet Strengthening

During Q1FY27, the company took several strategic steps to strengthen its balance sheet and enhance financial flexibility:

  • Monetization of non-core assets
  • Execution of ₹1,150 million banking facilities with Axis Bank to support refinancing and working capital requirements

Operational Challenges

The company faced operational disruptions during the quarter due to:

  • Geopolitical developments
  • Elevated fuel costs

Despite these challenges, the company achieved EBITDA growth of 9% YoY, attributed to its diversified business model, disciplined execution capabilities, and prudent cost management.

Outlook and Future Projects

Management outlook remains positive, supported by:

  • Healthy order book in Mining Logistics
  • Growing traction across terminal and multimodal logistics businesses
  • Expected commencement of revenue contribution from SECL Porda-Chimtapani project

SECL has issued a revised work order approving a partial change of site at Kanchan OCM. Sical will reallocate partial contract from Porda-Chimtapani to execute operations at Kanchan-OCM, which is expected to start from Q2FY27.

Management Commentary

Mr. Satish Kumar Reddy, Chairman and Independent Director, stated: "We have commenced FY27 on a strong footing, delivering consolidated revenue growth of 36% YoY to Rs. 1,326 Million, driven by robust performance across our Mining Logistics and Terminals businesses. Despite operational disruptions arising from geopolitical developments and elevated fuel costs during the quarter, we achieved EBITDA growth of 9% YoY, reflecting the strength of our diversified business model, disciplined execution capabilities, and prudent cost management."

He further added: "Backed by the operational strength of the Pristine Group, a strengthened balance sheet, and a diversified logistics platform, we remain focused on scaling our business, improving asset utilization, expanding margins, and creating sustainable long-term value for our stakeholders."