Un-audited Financials Statement of the Company for the quarter ended June 30, 2025
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Spice Islands Industries reported Q1 FY26 (quarter ended June 30, 2025) standalone revenue from operations of Rs. 192.57 lakhs versus nil in Q1 FY25, driven primarily by the Hospitality segment (Rs. 151.74 lakhs) and Food & Beverages (Rs. 32.06 lakhs). Total income stood at Rs. 201.20 lakhs with a Profit Before Tax of Rs. 33.12 lakhs and Profit After Tax of Rs. 33.28 lakhs (vs Rs. 6.13 lakhs in Q1 FY25), translating to a basic EPS of Rs. 0.77. The company now operates across three segments — EV rental, Food & Beverages, and Hospitality — with Hospitality being the key profit driver (segment profit of Rs. 60.09 lakhs). The statutory auditors (Giriraj Bang & Co) issued an unmodified limited review report. Separately, Independent Director Kalpesh Thakorbhai Mistry resigned citing increasing professional commitments, and the 37th AGM has been scheduled for September 24, 2025.
Sharp revenue and profit jump is largely because Q1 FY25 had no operational revenue; the FY26 numbers reflect the start of full-scale operations across new business segments rather than a like-for-like growth story. The mid-year auditor change and resignation of an Independent Director who chaired the Audit and Stakeholders Relationship Committees are governance points investors should note.