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