Sical Logistics Reports Strong FY26 Financial Turnaround

Sical Logistics posted impressive financial results for FY26, with revenue reaching ₹385.7 Crore and EBITDA at ₹78.3 Crore.

Reader Takeaway: Strong revenue growth and EBITDA jump signal a successful turnaround, offset by sector reliance concerns.

What just happened

For the financial year ended March 31, 2026, Sical Logistics Limited reported revenue of ₹385.7 Crore, a significant 74% increase from FY25's ₹221.8 Crore. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged by 264% to ₹78.3 Crore, up from ₹21.5 Crore in the previous year, resulting in an improved EBITDA margin of 20%.

Why this matters

These results highlight a substantial financial recovery and operational improvement for the company, particularly following its acquisition by the Pristine Group in January 2023. The strong growth indicates successful business expansion and enhanced operational efficiency. The robust order book provides confidence in future revenue streams.

The backstory

Since being acquired by Pristine Group in January 2023, Sical Logistics has focused on improving governance, financial discipline, and operational performance. This strategic shift has led to a marked improvement in its financial metrics, moving away from past liquidity challenges towards sustained profitability.

What changes now

With commercial operations beginning at its first private Multi-Modal Logistics Park (MMLP) in Chennai in December 2025, the company is diversifying its revenue streams. The Mining Logistics segment continues to be a key driver, supported by a substantial order book of ₹4,600 Crore as of April 1, 2026.

Risks to watch

A key concern is the company's heavy reliance on the mining and coal sectors. Fluctuations in commodity prices or changes in regulations within these sectors could impact the performance of its Mining Logistics segment.

Peer comparison

While specific peer financial data for FY26 is not yet available for direct comparison, Sical Logistics' reported 74% revenue growth and 264% EBITDA growth indicate a strong performance relative to its operational history.

Context metrics (time-bound)

As of April 1, 2026, Sical Logistics holds an order book valued at ₹4,600 Crore. The company's cumulative warehouse area stands at 1.2 million sq. ft. across 20 warehouses.

What to track next

Investors will be closely watching the execution of the ₹4,600 Crore order book, particularly in the Mining Logistics segment. The ramp-up and performance of the new Chennai MMLP will also be critical. Maintaining improved EBITDA margins amidst scaling operations will be key.