Chennai, January 30, 2025 – Sical Logistics Ltd. has announced its unaudited financial results for the quarter and nine months ended December 31, 2024, following a board meeting held on January 30, 2025.
Key Financial Highlights (Standalone)
Particulars (₹ Lakhs)
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Mar 31, 2024)
Revenue from Operations
473
378
440
1,269
5,066
6,617
Other Income
231
169
193
572
809
1,305
Total Income
704
547
633
1,841
6,875
7,922
Total Expenses
1,893
2,124
2,415
6,035
11,620
13,952
Profit/(Loss) before Exceptional Items
(1,189)
(1,737)
(1,782)
(4,946)
(4,745)
(6,030)
Exceptional Items
967
-
359
967
1,079
1,438
Profit/(Loss) after Exceptional Items & Before Tax
(770)
(1,737)
(1,423)
(3,827)
(3,666)
(4,592)
Net Profit/(Loss)
(525)
(770)
(1,423)
(3,163)
(3,566)
(4,592)
Earnings per Share (₹) (Basic)
(0.80)
(1.18)
(2.18)
(4.85)
(5.46)
(7.03)
Earnings per Share (₹) (Diluted)
(0.80)
(1.18)
(2.18)
(4.85)
(5.46)
(7.03)
The company posted a net loss of ₹525 lakh for Q3 FY25, improving from a loss of ₹1,423 lakh in Q3 FY24. Revenue from operations declined by 7% YoY to ₹473 lakh in Q3 FY25. Total expenses dropped significantly, helping to narrow quarterly losses.
Key Financial Highlights (Consolidated)
Particulars (₹ Lakhs)
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Mar 31, 2024)
Revenue from Operations
4,981
4,707
4,512
14,071
17,787
23,160
Other Income
298
271
371
711
1,188
2,021
Total Income
5,279
4,978
4,883
14,781
18,974
25,181
Total Expenses
6,206
6,057
6,312
18,991
22,618
29,586
Profit/(Loss) before Exceptional Items
(1,045)
(1,536)
1,156
(3,312)
(3,797)
(5,389)
Exceptional Items
-
-
-
-
-
-
Profit/(Loss) after Exceptional Items & Before Tax
(1,045)
(1,536)
1,156
(3,312)
(3,797)
(5,389)
Net Profit/(Loss) from Continuing Operations
(453)
(506)
1,132
(2,817)
(3,602)
(5,279)
Loss after Tax from Discontinued Operations
-
-
-
-
-
-
Share of Profit/(Loss) from Joint Venture
50
76
36
10.5
119
364
Net Profit/(Loss) for the Period
(450)
(587)
1,132
(2,806)
(3,483)
(5,140)
Earnings per Share (₹) (Basic - Continuing Ops)
(0.71)
(1.01)
1.08
(4.85)
(5.46)
(7.03)
Earnings per Share (₹) (Diluted - Continuing Ops)
(0.71)
(1.01)
1.08
(4.85)
(5.46)
(7.03)
Earnings per Share (₹) (Basic - Discontinued Ops)
0.00
0.00
0.00
(0.64)
(0.64)
(0.64)
Earnings per Share (₹) (Diluted - Discontinued Ops)
0.00
0.00
0.00
(0.64)
(0.64)
(0.64)
Revenue from operations stood at ₹4,981 lakh in Q3 FY25, reflecting a slight YoY increase. The net consolidated loss for Q3 FY25 was ₹450 lakh, a significant improvement from the ₹3,483 lakh loss in 9M FY24. Total expenses for the quarter reached ₹6,206 lakh, contributing to continued losses.
Strategic Developments & Financial Adjustments
Single Business Segment: The company continues to operate as a single business unit in the integrated logistics sector.
Resolution Plan Execution: The company has successfully deposited ₹105 crore into an escrow account for financial creditor settlements.
Recovery of Tax Assets: The company recovered a prior tax receivable of ₹967 lakh, positively impacting the financials.
Discontinued Operations: Develecto Mining Ltd. was removed from financial consolidation post-September 2023.
Auditor’s Observations
The independent auditors, SRSV & Associates, conducted a review of both standalone and consolidated financials and found no material misstatements. Their analysis was carried out in accordance with SEBI’s Listing Regulations.
Market Outlook & Conclusion
Sical Logistics continues to navigate a challenging financial landscape, with ongoing cost optimizations and restructuring initiatives aimed at improving financial health. Despite a decline in revenue and sustained losses, management’s strategic efforts in debt resolution and operational efficiency signal a cautious optimism for future recovery.
The company posted a net loss of ₹525 lakh for Q3 FY25, improving from a loss of ₹1,423 lakh in Q3 FY24.