SAGL - STANDALONE AND CONSOLDIATED - AFR 31.03.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.6 pts more than its Restaurants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved audited financial results for FY25. On a standalone basis, the company posted revenue of Rs 66.21 lakhs and a net profit of Rs 19.41 lakhs, turning around from a Rs 5.15 lakh loss in FY24. On a consolidated basis (first year of consolidation after acquisitions), full-year revenue was Rs 105.27 crore with a net profit of Rs 5.65 crore, though Q4 alone swung to a net loss of Rs 3.64 crore. During the year, the company acquired Teksoft Systems Inc, Chicken Wild Wings Pvt Ltd, and Mirchi Wild Wings Pvt Ltd through a share swap, allotted 6.67 crore equity shares at Rs 15 each, and completed a 1:10 share split (face value reduced from Rs 10 to Rs 1). The company also rebranded from Shalimar Agencies Ltd to Spice Lounge Food Works Ltd. The auditor issued an unmodified opinion with an emphasis of matter highlighting the share-swap acquisitions.
The results reflect a major business transformation via acquisitions into food/restaurant and IT services segments, with consolidated scale now significantly larger than standalone. However, the Q4 consolidated loss and reliance on acquired businesses may concern short-term investors, while the share split and name change could improve retail participation and liquidity.