Spencer's Retail Limited — Important, 15-05-2025: Updates

Spencer's Retail has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a standalone loss after tax of ₹184.78 Cr and a consolidated loss after tax of ₹246.36 Cr for the year. Current liabilities exceed current assets by ₹604.11 Cr standalone and ₹724.98 Cr consolidated. Spencer's is focusing on improving margins by closing loss-making stores, cutting costs, and opening new outlets in select markets. Management is confident about generating adequate cash flows to meet obligations over the next 12 months.