Approval of financial results for the quarter ended 31st December, 2025
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Galaxy Supermarket Limited (formerly Galaxy Cloud Kitchens Limited) reported Q3 FY26 revenue from operations of Rs 926.93 lakhs, down about 13% sequentially from Rs 1,062.41 lakhs in Q2 FY26 but up sharply from Rs 348.82 lakhs in Q3 FY25 on a continuing operations basis. The company swung back to a net loss of Rs 60.40 lakhs in Q3 versus a profit of Rs 25.35 lakhs in the previous quarter, though the 9M FY26 results showed a turnaround profit of Rs 51.48 lakhs compared to a loss of Rs 240.45 lakhs in the year-ago period. The statutory auditor explicitly flagged material uncertainty on going concern, as the company's entire networth has been eroded (other equity at negative Rs 6,970.75 lakhs) and current liabilities exceed current assets. The auditor also raised multiple compliance concerns, including incorrect EPS computation under Ind AS 33, non-recognition of gratuity and leave encashment provisions, MSMED Act non-compliance, and an ongoing NCLT dispute over a Rs 50 lakh advance. Management is diversifying into supermarket store operations after shutting down three commissary units (Bangalore, Mumbai, Gurugram) to revive the business.
This is a high-risk stock: the auditor's going concern flag and fully eroded networth make the company's survival uncertain, despite a 9M FY26 operating profit. Retail investors should be cautious — the Q3 swing back to loss, multiple auditor compliance observations, and pending litigation mean this is essentially a turnaround bet rather than a stable investment.