{"id":103259,"date":"2023-05-23T10:53:12","date_gmt":"2023-05-23T05:23:12","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103259"},"modified":"2023-05-23T10:53:14","modified_gmt":"2023-05-23T05:23:14","slug":"spencers-retail-q4-results-consolidated-net-loss-widens-yoy-to-rs-61-22-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/spencers-retail-q4-results-consolidated-net-loss-widens-yoy-to-rs-61-22-cr\/","title":{"rendered":"Spencer\u2019s Retail Q4 Results: Consolidated net loss widens YoY to Rs 61.22 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-143383923\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>RP-Sanjiv Goenka Group arm Spencer\u2019s Retail Ltd on Monday said its consolidated net loss widened to Rs 61.22 crore for the fourth quarter ended March 2023.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-168694286\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company had posted a net loss of Rs 42.47 crore in the January-March period a year ago, Spencer\u2019s Retail said in a regulatory filing.<\/p><p>Its revenue from operations was marginally up at Rs 543.39 crore during the quarter under review against Rs 541.84 crore in the year-ago period.<\/p><p>Spencer&#8217;s Retail\u2019s total expenses were Rs 610.78 crore in the quarter.<\/p><div class=\"trade-content_5\" id=\"trade-1856561722\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Its total income in the March quarter fell 2.7 per cent to Rs 549.45 crore.<\/p><p>Spencer\u2019s operates 151 stores with a total trading area of 13.36 lakh square feet as of March 31, 2023.<\/p><p>Over the business of Nature Basket, which it has acquired from Godrej Industries, Spencer\u2019s Retail said it has reported a standalone turnover of Rs 62 crore.<\/p><p>Natures Basket operates 35 stores with a total trading area of 1.07 lakh square feet as of Mar 31, 2023.<\/p><p>For the fiscal ended March 2023, Spencer\u2019s net loss widened to Rs 210.39 crore. It reported a net loss of Rs 121.46 crore in FY22.<\/p><p>Its consolidated revenue from operations was Rs 2,452.58 crore in FY23, 6.64 per cent higher than the preceding fiscal.<\/p><div class=\"trade-content-10\" id=\"trade-1887390250\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Besides, Spencer&#8217;s Retail further informed that as a part of succession planning, RPSG Group Chairman Sanjiv Goenka has stepped down from the position of Chairman and Director of the company with effect from the close of business hours on May 22, 2023.<\/p><p>His son Shashwat Goenka, who is overseeing the affairs of the company, has been appointed by the Board as chairman of the company w.e.f. May 23, 2023.<\/p><p>The board has also approved and recommended the reappointment of Utsav Parekh, Pratip Chaudhuri and Rekha Sethi as independent directors for a second term of 5 years w.e.f. November 14, 2023, up to November 13, 2028.<\/p><p>Share of Spencer\u2019s Retail Ltd on Monday settled at Rs 61.03 on BSE, down 1.52 per cent from the previous close.<\/p><div class=\"trade-after-content\" id=\"trade-2151633220\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>RP-Sanjiv Goenka Group arm Spencer\u2019s Retail Ltd on Monday said its consolidated net loss widened to Rs 61.22 crore for the fourth quarter ended March 2023. The company had posted a net loss of Rs 42.47 crore in the January-March period a year ago, Spencer\u2019s Retail said in a regulatory filing. Its revenue from operations [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":44713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-103259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spencer\u2019s Retail Q4 Results: Consolidated net loss widens YoY to Rs 61.22 cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"RP-Sanjiv Goenka Group arm Spencer\u2019s Retail Ltd on Monday said its consolidated net loss widened to Rs 61.22 crore for the fourth quarter ended March 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/spencers-retail-q4-results-consolidated-net-loss-widens-yoy-to-rs-61-22-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spencer\u2019s Retail Q4 Results: Consolidated net loss widens YoY to Rs 61.22 cr\" \/>\n<meta property=\"og:description\" content=\"RP-Sanjiv Goenka Group arm Spencer\u2019s Retail Ltd on Monday said its consolidated net loss widened to Rs 61.22 crore for the fourth quarter ended March 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/spencers-retail-q4-results-consolidated-net-loss-widens-yoy-to-rs-61-22-cr\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-23T05:23:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-23T05:23:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/Company-Results-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/Company-Results-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/spencers-retail-q4-results-consolidated-net-loss-widens-yoy-to-rs-61-22-cr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/spencers-retail-q4-results-consolidated-net-loss-widens-yoy-to-rs-61-22-cr\/\",\"name\":\"Spencer\u2019s Retail Q4 Results: Consolidated net loss widens YoY to Rs 61.22 cr - 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