Sical Logistics Q2 revenue rises 17.4% to Rs 1,055 million

Sical Logistics reported a 17.4% year-on-year increase in consolidated revenue from operations to Rs 1,055 million in the second quarter of FY27, compared with Rs 898 million in the same quarter last year.

For the first half of FY27, the company's consolidated revenue increased 27.1% to Rs 2,380 million, compared with Rs 1,874 million in H1 FY26.

However, consolidated EBITDA declined to Rs 96 million in Q2 FY27 from Rs 181 million in the corresponding quarter last year. The EBITDA margin also fell to 9.1% from 20.2%.

The company said prolonged monsoon conditions and heavy rainfall during the quarter, along with higher fuel costs, affected margins in its mining logistics business.

Mining Logistics generated revenue of Rs 477 million during the quarter, compared with Rs 363 million in Q2 FY26. Its EBITDA stood at Rs 4 million, against Rs 103 million in the year-ago period.

The Terminals business reported revenue of Rs 386 million, up from Rs 341 million in Q2 FY26. Its EBITDA increased to Rs 82 million from Rs 70 million.

Revenue from Warehousing and 3PL stood at Rs 192 million, compared with Rs 194 million in the corresponding quarter last year. EBITDA increased to Rs 10 million from Rs 8 million.

During the quarter, Sical Logistics strengthened its mining logistics order book with a contract from Central Coalfields Limited (CCL).

On September 1, 2026, the company received a Letter of Acceptance from CCL for hiring heavy earth-moving machinery (HEMM) for overburden removal and coal extraction in the diverted 143-hectare patch of the lower seams of SDOC Mine in the Dhori Area of Bokaro district, Jharkhand.

The contract is valued at approximately Rs 5.35 billion, including GST, over five years. The company said the contract would add to the visibility of its mining logistics order book, with contributions depending on mobilisation and project execution.

Sical Logistics said its current order book stood at more than Rs 42 billion. The company is preparing to implement the Dhori and Dalli Mechanised Mine projects in line with their contractual timelines. It is also advancing the Porda-Chimtapani/Kanchan OCM arrangement.

The company is focusing on increasing utilisation at its Chennai Multimodal Logistics Park (MMLP) and container freight stations (CFS).

Commenting on the performance, Satish Kumar Reddy, chairman and independent director of Sical Logistics, said the company's Terminals business continued to benefit from the development of its multimodal logistics facilities following the commencement of operations at Chennai MMLP in the first quarter of FY27.

He added that the Warehousing and 3PL business remained focused on operating discipline and optimising its activities.

Reddy said the company expects the second half of FY27 to be stronger than the first half, with improving profitability and sustained growth across its businesses.