Sical Logistics’ Net Loss Widens to ₹17.67 Crore in Q1 FY25

Sical Logistics, an end-to-end logistics service provider and part of the Coffee Day Group, reported a significant increase in its consolidated net loss for the quarter ending June 30, 2024. The company's net loss widened by 90.4% to ₹17.67 crore, compared to a loss of ₹9.28 crore in the corresponding quarter of the previous fiscal year. This sharp increase in losses was primarily driven by a substantial decline in revenue.

For the April-June quarter, Sical Logistics’ revenues fell by 39.93% to ₹41.98 crore, down from ₹69.89 crore recorded in the same period last year.

Sical Logistics is known for providing comprehensive logistics solutions, including offshore support services,, to the oil and gas industry. The company also offers end-to-end logistics services for various types of cargo,, such as coal, iron ore, limestone, granite, containers, and over-dimensional cargo.