Spice Lounge Food Works Reports Mixed Q1 Results: Standalone Profit, Consolidated Loss

1 min read Updated on 14 Aug 2025, 11:45 PM

Reviewed by

Radhika SahaniBy ScanX News Team

Overview

Spice Lounge Food Works Limited reported mixed Q1 results. Standalone performance showed a net profit of Rs 16.85 lakhs, up from a loss last year. Consolidated results, however, revealed a net loss of Rs 118.24 lakhs despite higher revenue of Rs 3,229.45 lakhs. The Software and IT Services segment was profitable, while Food and Restaurant Services incurred losses. Total consolidated income stood at Rs 3,243.00 lakhs, with a consolidated loss before tax of Rs 199.03 lakhs.

*this image is generated using AI for illustrative purposes only.

Spice Lounge Food Works Limited , formerly known as Shalimar Agencies Limited, has reported mixed financial results for the first quarter. The company, which operates in the software and IT services as well as food and restaurant services segments, saw divergent outcomes in its standalone and consolidated performances.

Standalone Performance

On a standalone basis, Spice Lounge Food Works posted a net profit of Rs 16.85 lakhs for Q1, marking a significant turnaround from the loss of Rs 1.50 lakhs reported in the same quarter of the previous year. The company's revenue from operations stood at Rs 36.92 lakhs, showing robust growth compared to the previous year.

Consolidated Results

However, the consolidated financial picture painted a different story. Despite reporting higher revenue from operations of Rs 3,229.45 lakhs, the company recorded a net loss of Rs 118.24 lakhs on a consolidated basis. This loss comes in contrast to the profit seen in the standalone results, indicating challenges in the broader business operations.

Segment-wise Performance

The consolidated results revealed two primary operating segments:

Software and IT Services: This segment generated revenue of Rs 2,561.33 lakhs and a profit of Rs 141.84 lakhs before tax and interest.
Food and Restaurant Services: This segment reported revenue of Rs 668.12 lakhs but incurred a loss of Rs 191.69 lakhs before tax and interest.

Financial Highlights

Metric	Value
Total consolidated income	Rs 3,243.00 lakhs
Consolidated loss before tax	Rs 199.03 lakhs
Basic earnings per share (consolidated)	Rs -0.02
Paid-up equity share capital	Rs 6,971.23 lakhs

Management Commentary

Mohan Babu Karjela, Chairman and Director of Spice Lounge Food Works Limited, signed off on the financial results. The company's board meeting to approve these results was held on August 14, commencing at 5:00 PM and concluding at 7:20 PM.

Outlook

While the standalone results show improvement, the consolidated loss indicates ongoing challenges, particularly in the Food and Restaurant Services segment. The company's performance in the coming quarters will be crucial to understand if it can turn around its consolidated results and leverage the strength shown in its standalone operations.

Investors and stakeholders will be keenly watching how Spice Lounge Food Works navigates these mixed results and works towards improving its overall financial health across all business segments.

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