Audited Financial Results for the quarter and year ended 31st March, 2025
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Galaxy Cloud Kitchens Ltd reported FY25 revenue from operations of Rs. 1,523.16 lakhs versus Rs. 0.01 lakhs in FY24, marking a sharp scale-up in its food & beverages trading business. The company turned profitable at the continuing-operations level with a net profit of Rs. 89.54 lakhs (vs a loss of Rs. 405.14 lakhs in FY24). However, including discontinued commissary operations, the company posted a net loss of Rs. 329.08 lakhs for FY25, narrower than the Rs. 1,423.02 lakh loss in FY24. Total net worth remains deeply negative at Rs. (1,977.61) lakhs, with current liabilities (Rs. 3,121.16 lakhs) far exceeding current assets (Rs. 861.68 lakhs). The Board also cancelled a previously announced Rs. 50 crore Rights Issue and approved a name change to better reflect its current food retail business.
Positive revenue traction in the new F&B segment is encouraging, but the negative net worth, eroded reserves, and auditor-flagged going concern uncertainty make this a high-risk stock. Shareholders should watch for execution on the new supermarket business and any alternative fundraising, as the company is currently dependent on management's ability to turn operations cash-positive.