UNAUDITED FINANCIAL RESULTS - QUARTER ENDED - 30.06.2025
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Spice Lounge Food Works Ltd (formerly Shalimar Agencies Ltd) submitted Q1 FY26 results. On a consolidated basis, revenue from operations was Rs. 3,229.45 lakhs (vs Rs. 3,476.28 lakhs in Q4 FY25) and the company slipped into a net loss of Rs. 118.24 lakhs, compared to a full-year FY25 profit of Rs. 564.57 lakhs. Two segments are reported: Software & IT services earned Rs. 2,561.33 lakhs revenue with a Rs. 141.84 lakhs profit, while the Food and Restaurant services segment brought in Rs. 668.12 lakhs but posted a loss of Rs. 191.69 lakhs. On a standalone basis, the parent entity reported Rs. 36.92 lakhs in revenue and a small net profit of Rs. 16.85 lakhs. The auditor (JMT & Associates) issued an unqualified limited review report. Q1 FY25 comparatives are not available because consolidation only began from Q2 FY25.
The swing from profit to a consolidated loss is a negative signal, primarily driven by the food and restaurant segment's deepening losses. Investors should watch whether the loss-making food vertical can be turned around; standalone numbers are too small to reflect the real business scale.