ALFA Finder
| Market Cap | ₹1431.19 CrBanking and Finance |
|---|---|
| P/E TTM | 116.39Sector PE: 21.01 |
| RSI | 44.83Neutral Zone |
| 1-Year Return | -58.22%Price Performance |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 84.2 | 40.1 | 46.2 |
| Other Income | 0.3 | 0.3 | 2.9 |
| Total Income | 84.5 | 40.4 | 49.1 |
| Profit Before Tax | 10.3 | 5.0 | 3.6 |
| Net Profit | 10.1 | 4.8 | 3.4 |
| Operating Margin | 12.2% | 12.4% | 7.3% |
| Net Profit QoQ | +110.4% | ||
| Net Profit YoY | +197.1% | ||
Key highlights
- Consolidated net profit reached ₹10.1 crore, representing a 197.1% year-on-year growth
- Revenue from operations grew to ₹84.2 crore from ₹46.2 crore in the corresponding previous year quarter
- Software and IT services emerged as the dominant segment, contributing ₹80.66 crore to quarterly revenue
- Operating margins improved to 12.2% from 7.3% in the year-ago period
- Subsidiary TEKsoft Systems recently secured an AI development contract worth approximately ₹49.64 crore
Consolidated Growth Driven by IT Integration
Spice Lounge Food Works Limited, formerly known as Shalimar Agencies, demonstrated significant consolidated growth in the quarter ended September 30, 2026. The company’s revenue from operations reached ₹84.2 crore, a substantial increase from the ₹40.1 crore reported in the preceding quarter. This sequential growth of 110% in revenue reflects the integration of higher-value service contracts within its subsidiary network.
Net profit followed a similar trajectory, rising to ₹10.1 crore in Q2 FY27 from ₹4.8 crore in Q1 FY27. The company's expansion into the technology sector has fundamentally altered its financial profile compared to its traditional standalone food services operations.
Segment Performance and Operational Metrics
- Software and IT services generated ₹80.66 crore in revenue, accounting for over 95% of total operations
- Food and Restaurant services segment contributed ₹3.57 crore to the consolidated top line
- Operating profit margin expanded to 12.2%, up from 7.3% in the same quarter last year
- Total consolidated income for the half-year ended September 2026 stood at ₹124.96 crore
- The company maintained a stable promoter holding of 63.4% as of the latest filing
Strategic Expansion and Order Pipeline
The company’s growth is underpinned by strategic milestones in its technology and agro-division segments. On October 21, 2026, its subsidiary TEKsoft Systems Inc secured an AI development contract from Resource Point LLC, USA, valued at USD 5.25 million. Furthermore, management has previously indicated a revenue potential of ₹500 crore from a strategic MoU with Indian Emulsifiers Ltd.
Despite the strong quarterly performance, the stock carries a high TTM P/E of 116.39 compared to the industry average of 36.66. The market capitalization stands at ₹1431.19 crore, with the stock currently trading at a significant discount to its 52-week high of 72.2.
Segment Reporting Disclosure
In accordance with Ind AS 108 -Operating Segments, the Company has disclosed the segment information of its two operating segments - Software and IT services, Food and Restaurant Services at consolidated level.
| Date | Announcement | Amount |
|---|---|---|
| 18 Sep 2026 | Management Guidance: Revenue potential from strategic MoU with Indian Emulsifiers LtdSource: economictimes.indiatimes.com | ₹500.00 Cr |
| 01 Sep 2026 | Management Guidance: Revenue target from launch of Food Emulsifier & Agro DivisionSource: economictimes.indiatimes.com | ₹1,200.00 Cr |
| 14 Aug 2026 | Q1 FY27 Unaudited Consolidated Financial ResultsSource: business-standard.com | ₹40.14 Cr |
| 14 Feb 2026 | Q3 FY26 Unaudited Financial ResultsSource: economictimes.indiatimes.com | – |
| 14 Nov 2025 | Q2 FY26 Unaudited Financial ResultsSource: market data.com | – |
What to watch next
- Execution milestones for the USD 5.25 million TEKsoft AI contract
- Operational launch of the Food Emulsifier & Agro Division targeting ₹1,200 Cr revenue
- Progress on the strategic distribution MoU with Indian Emulsifiers Ltd
“The Standalone Financial Results were reviewed by the statutory auditors and limited review report was given thereon.”
| Share price | ₹20.53 |
|---|---|
| Market capitalisation | ₹1,431.19 Cr |
| Revenue (annual) | ₹158.42 Cr |
| Net profit (annual) | ₹9.69 Cr |
| Revenue (latest quarter) | ₹40.14 Cr-14.62% vs previous quarter |
| Net profit (latest quarter) | ₹4.80 Cr-3.15% vs previous quarter |
| P/E (TTM) | 116.39×Sector 21.01× |
| Promoter holding | 63.4%-0.97% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Spice Lounge Food Works Limited announcing the unaudited financial results for the second quarter and half year ended September 30, 2026. Market figures from a third-party data provider.
