Sical Logistics520086Quarterly results

Board approves Sept 2026 quarter and half-year results; auditor review finds no material misstatement

Board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, at its meeting on November 11, 2026 (1:00 P.M. to 8:45 P.M.).

By ScoutQuest · Wed 11 Nov 2026, 9:00 PM IST · 3 min read

Consolidated · ₹ lakh · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	10,546	8,981	+17.4%	13,258	−20.5%
Total income	11,246	11,944	−5.8%	13,384	−16%
Profit before tax	(1,067)	1,398	—	2,248	—
Profit after tax	(1,124)	1,311	—	2,124	—
Total comprehensive income	(1,104)	1,311	—	2,124	—
Basic EPS	(1.38)	2.01	—	2.86	—

Comparatives: Total income year ago 11,944 (−5.8%); prev qtr 13,384 (−16%); PAT year ago 1,311; prev qtr 2,124
Period: 30 September 2026

Auditor's review

Conclusion: Unmodified

Review did not cover 3 subsidiaries (total assets Rs.82,820.93 lakhs; total revenues Rs.5,776.66 lakhs and Rs.11,937.36 lakhs); conclusion based on other auditors' reports and not modified.
Group's share of one jointly controlled entity not reviewed by us or other auditors; management states it is not material to the Group; conclusion not modified.

Notes to the results

Other income for the quarter ended September 30, 2026 includes income tax refunds for AY 2002-03 and 2004-05 under the Direct Tax Vivad Se Vishwas Scheme, 2024 amounting to Rs. 129 lakhs, fully provided in the books.

Board meeting outcome

The Board of Directors met on Wednesday, November 11, 2026, from 1:00 P.M. to 8:45 P.M. and approved the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026. The Audit Committee reviewed and recommended the results, and the Board approved them, at their respective meetings held the same day.

Auditor's review conclusion

Statutory auditor CNGSN & Associates LLP reviewed the standalone and consolidated statements under Standard on Review Engagement (SRE) 2410, which gives moderate assurance rather than an audit opinion. The conclusion: nothing has come to the auditor's attention that causes it to believe the statements contain any material misstatement or fail to disclose what the Listing Regulations require. The comparable earlier periods were reviewed or audited by the predecessor statutory auditors, who issued unmodified reports.

Standalone performance (Rs. in lakhs)

Revenue from operations: 4,780 for the quarter ended September 30, 2026 (3,663 a year earlier) and 11,888 for the half year (8,063).
Total income: 5,468 for the quarter and 12,696 for the half year (11,269).
Total expenses: 6,787 for the quarter and 13,920 for the half year (10,906).
Profit/(Loss) for the period: (1,319) for the quarter and 516 for the half year; the half year a year earlier was 363.
Exceptional item: 1,740, recognised in the half year and shown in the June 2026 quarter column.
Earnings per equity share (not annualised): (1.65) basic and diluted for the quarter; 0.65 for the half year.

Where the money moved (quarter, Rs. in lakhs)

Cost of services 4,162, against 2,012 a year earlier, the largest cost line.
Employee benefits expense 186 (129), finance costs 740 (875), depreciation and amortisation 740 (2,105), other expenses 276 (494).

Balance sheet and cash (standalone)

Total assets 66,111 as at September 30, 2026, against 53,827 as at March 31, 2026.
Cash and cash equivalents at the end of the half year 2,584, against 1,063 a year earlier.
Net cash used in operating activities (1,577) for the half year, against cash generated of 1,037 a year earlier.
Net cash generated from investing activities 3,308; net cash used in financing activities (2,096).

Other points in the notes

The company provides integrated logistics services and treats this as a single business segment; no separate geographical segments are reported.
Other income for the quarter includes income tax refunds for Assessment Years 2002-03 and 2004-05 under the Direct Tax Vivad Se Vishwas Scheme, 2024, amounting to ₹ 129 lakhs, fully provided in the books.

What sits inside the consolidated statement

The consolidated results cover the holding company and its subsidiaries, together with the group's share of the net profit/loss of its jointly controlled entity. The review report names 9 entities in the consolidation, including Sical Infra Assets Limited, Sical Iron Ore Terminal (Mangalore) Limited, Sical Supply Chain Solutions Limited, Sical Mining Limited, Sical Multimodal and Rail Transport Limited, Sical Bangalore Logistics Park Limited, Sical Washeries Limited, Pristine Value Logistics Private Limited and Sical Sattva Rail Terminals Private Limited. For 3 subsidiaries, with total assets of Rs. 82,820.93 lakhs as at September 30, 2026, the figures were reviewed by other auditors, and the auditor's conclusion is not modified on that account.

How to read this

These are reviewed, not audited, numbers, which is the normal standard for quarterly reporting.
In the standalone numbers, Revenue from operations rose year on year, but the quarter ended September 30, 2026 shows a loss at the Profit/(Loss) for the period line, while the half year stays in profit, helped by the exceptional item of 1,740 in the June 2026 quarter.
Total assets on the standalone balance sheet moved from 53,827 lakhs at March 31, 2026 to 66,111 lakhs at September 30, 2026.

2,248 (Rs. in lakhs)Profit before tax, quarter

Total comprehensive income, quarter2,124 (Rs. in lakhs)

Income tax refunds in other income, Direct Tax Vivad Se Vishwas Scheme₹ 129 lakhs

Profit before tax, quarter 2,248 (Rs. in lakhs): Total comprehensive income, quarter 2,124 (Rs. in lakhs), Income tax refunds in other income, Direct Tax Vivad Se Vishwas Scheme ₹ 129 lakhs.

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