Sical Logistics FY26 Revenue Jumps 74% to ₹385.7 Crore; EBITDA Surges 264%
Sical Logistics reported a strong FY26 with consolidated revenue up 74% YoY to ₹385.7 crore and EBITDA up 264% YoY to ₹78.3 crore. EBITDA margins improved to 20.3% from 9.7%. The company secured a ₹3,422.2 crore overburden removal order and reduced its debt-to-equity ratio to 1.6x.
The substantial increase in revenue and EBITDA, coupled with a significant improvement in margins and a large order win, indicates a material positive impact on the company's financial health and future prospects.
The company reported significant year-on-year growth in revenue and EBITDA, along with an expansion in EBITDA margins. The securing of a large order and a reduction in debt-to-equity ratio further contribute to a positive outlook.
Sical Logistics Limited (Sical) has announced its audited consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported a robust performance, with consolidated revenue for FY26 reaching ₹3,857 Million (₹385.7 crore), a significant increase of 73.9% year-on-year. Consolidated EBITDA also saw substantial growth, rising by 263.7% year-on-year to ₹783 Million (₹78.3 crore). The EBITDA margin expanded significantly to 20.3% in FY26 from 9.7% in FY25, attributed to disciplined cost management and operating leverage.
Key drivers for this performance include a major overburden removal order worth ₹34,222 Million (₹3,422.2 crore) secured from South Eastern Coalfields Limited for the Porda-Chimtopani Open Cast Project, with an approximate 11-year timeline. Additionally, the company's Chennai CFS handled its highest-ever monthly volumes in March 2026, contributing to the growth of its subsidiary, Sical Multimodal and Rail Transport Limited (SMART). Pristine Value Logistics Private Limited also demonstrated an upward trajectory driven by warehousing network expansion and road transportation business.
To meet the Minimum Public Shareholding requirement, Sical undertook a rights issue in the ratio of 1:5, with proceeds used for debt repayment and working capital. This, combined with non-core asset sales, has reduced the debt-to-equity ratio to 1.6x in FY26 from 4.1x in FY25.
Strategically, Sical is focused on expanding its presence in high-growth logistics segments, particularly overburden removal projects and developing rail-linked terminals in Southern India. The company anticipates continued momentum in new opportunities, a strengthened order book in overburden removal, and expects consistent revenue growth and margin improvement.
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