Sical Logistics Limited has reported a 74% year-on-year surge in revenue to ₹3,857 million for the financial year ended March 31, 2026, driven by operational revival across its mining logistics and terminal businesses. The company’s EBITDA increased 264% to ₹783 million, with the margin expanding to 20.3% from 9.7% in the previous year, reflecting significant improvements in operational efficiency and cost structures following the Pristine Group acquisition. The logistics player reduced its debt-to-equity ratio to 1.6x in FY26 from 4.1x in FY25, supported by a rights issue of ₹930.3 million and non-core asset sales. The audited financial results were approved by the board on May 29, 2026, and subsequently published in newspapers on May 30, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The audited consolidated financial results highlight a strong turnaround phase. Revenue growth was underpinned by robust performance in the mining logistics segment, which contributed ₹1,648 million, up 310% YoY, and the terminal business. The company’s focus on governance and financial discipline post-acquisition has resulted in a healthier bottom line and improved profitability metrics.

Business Overview and Growth

Sical Logistics operates a diversified portfolio spanning mining logistics, warehousing & 3PL, CFS, and MMLPs. During Q4FY26, the company secured an overburden removal order worth ₹34,222 million from South Eastern Coalfields Limited at the Porda-Chintapani Open Cast Project in Raigarh, Chhatisgarh, with a timeline of approximately 11 years. In March 2026, the Chennai CFS handled the highest ever volumes in a month. The company commenced commercial operations of its first private MMLP at Chennai in December 2025, strategically located to capture demand in the southern rail-linked logistics corridor.

Capital Structure and Disclosures

During the quarter, the company completed a rights issue of 14,53,57,790 equity shares of face value ₹10 each at an issue price of ₹64 per share, aggregating to approximately ₹9,303 lakhs. The issue was offered in the ratio of 11 rights equity shares for every 5 equity shares held by the public shareholders as on the record date of February 18, 2026. The statutory auditor, M/s SRSV & Associates, issued an unmodified opinion on the results. The company classified land and building assets worth ₹11,130 lakhs as held for sale, with proceeds intended for repayment of long-term borrowings.

Sical Logistics Limited has secured credit facilities totaling Rs 115 crore from Axis Bank Limited to support operational needs and restructure existing debt. The board of directors approved the availing of these facilities during a meeting held on May 23, 2026. The financial support is structured across three distinct components to address liquidity, business commitments, and refinancing requirements.

Breakdown of Facilities

The sanctioned credit limit is divided into specific components. The cash credit facility accounts for Rs 15 crore, providing liquidity for day-to-day operations. Additionally, the company has obtained a bank guarantee facility of Rs 15 crore to support its business commitments.

Term Loan Allocation

A significant portion of the total facility, amounting to Rs 85 crore, has been allocated as a term loan specifically for refinancing. This component aims to restructure existing debt obligations and optimize the company's capital structure.

The company stated that requisite details regarding the facilities agreement will be disclosed upon execution. This information will be made available in accordance with Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015, read with Securities and Exchange Board of India master circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.