SCI Land & Assets Limited (SCILAL) has reported a mixed set of financial results for the second quarter of the fiscal year 2025-26. The company's profit saw a significant decline compared to the previous quarter but showed improvement year-on-year.

Quarterly Performance

SCILAL reported a profit of Rs 587.00 lakhs for the quarter ended September 30, 2025, marking a substantial decrease from Rs 1,935.00 lakhs in the previous quarter. However, when compared to the same quarter last year, the company saw an increase from Rs 1,760.00 lakhs.

Revenue and Income

The company's revenue from operations for Q2 FY2025-26 stood at Rs 613.00 lakhs, showing a slight increase from Rs 571.00 lakhs in the previous quarter and a more significant rise from Rs 399.00 lakhs in the same quarter last year.

Total income, including other income, reached Rs 2,756.00 lakhs for the quarter, marginally higher than Rs 2,681.00 lakhs in the previous quarter and Rs 2,540.00 lakhs in Q2 FY2024-25.

Expenses and Profitability

SCILAL's total expenses for the quarter increased to Rs 2,169.00 lakhs, compared to Rs 746.00 lakhs in the previous quarter and Rs 780.00 lakhs in the same quarter last year. This surge in expenses significantly impacted the company's profitability for the quarter.

Half-Yearly Performance

For the half-year ended September 30, 2025, SCILAL reported a profit of Rs 2,522.00 lakhs, lower than the Rs 3,390.00 lakhs reported in the corresponding period of the previous year.

Financial Position

As of September 30, 2025, SCILAL's total assets stood at Rs 3,54,624.00 lakhs, slightly higher than Rs 3,51,575.00 lakhs reported at the end of the previous fiscal year on March 31, 2025.

Segment-wise Performance

The company operates in two segments: MTI (Maritime Training Institute) and Others. For Q2 FY2025-26:

The MTI segment showed a loss, while the Others segment, which includes investment property, HRA & HRR recovery, rent income, and interest income, remained profitable.

Board Approval

The Board of Directors approved these results at their meeting held on November 4, 2025.

SCILAL continues to operate in a challenging environment, as reflected in its mixed quarterly results. While the company has shown year-on-year improvement in profitability for the quarter, the significant quarter-on-quarter decline and increased expenses may require careful monitoring in the coming periods.

SCI Land & Assets (SCILAL) has announced robust financial results for the first quarter, along with the appointment of a new Secretarial Auditor.

Financial Highlights

SCILAL reported a significant increase in its total segment revenue, reaching ₹2,681.00 crore compared to ₹2,462.00 crore in the same quarter last year. This represents a year-on-year growth of approximately 8.9%.

The company's profit before tax (PBT) also saw a substantial rise, standing at ₹1,935.00 crore, up from ₹1,630.00 crore in the previous year's corresponding quarter, marking an increase of about 18.7%.

Segment Performance

SCILAL operates through two primary segments:

1. MTI (Maritime Training Institute): This segment generated revenue of ₹490.00 crore.
2. Others: This segment, which includes investment property, HRA & HRR recovery, rent income, and interest income, contributed ₹2,191.00 crore to the total revenue.

The 'Others' segment was the primary driver of profitability, with a segment result of ₹1,933.00 crore before tax and interest.

Asset and Liability Position

As of the end of the quarter, SCILAL's total segment assets stood at ₹352,501.00 crore, showing a slight increase from ₹350,110.00 crore reported in the same quarter of the previous year. The MTI segment accounted for ₹241,338.00 crore of the total assets, while the 'Others' segment held ₹111,163.00 crore.

Total segment liabilities were reported at ₹50,917.00 crore, with the 'Others' segment accounting for the majority at ₹46,599.00 crore.

Appointment of New Secretarial Auditor

In a significant corporate governance move, SCILAL's Board of Directors has approved the appointment of M/s Upendra Shukla & Associates as the company's Secretarial Auditor. The appointment is for a term of five consecutive financial years, subject to shareholder approval at the upcoming Annual General Meeting.

Upendra Shukla & Associates, led by Mr. Upendra C. Shukla, is a Mumbai-based firm of Company Secretaries with extensive experience in providing comprehensive professional services in Company Law, SEBI Regulations, FEMA, and various corporate restructuring activities.

Additional Notes

The company received a 'NIL' comment from the Comptroller & Auditor General of India (C&AG) for its financial statements for the previous year, indicating no significant issues were found during the audit.

SCILAL's Board of Directors reviewed and approved these unaudited standalone financial results. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) and other accounting principles generally accepted in India.

The strong quarterly results and the appointment of a reputed Secretarial Auditor reflect SCILAL's commitment to financial growth and robust corporate governance practices.