Epuja Spiritech Ltd (532092) — concall transcript | 30 September 2023

· BSE 🟡 Notable Neutral
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings
📢 Key Event
ePuja Spiritech plans to expand temple network to 5,000 and launch ePuja store by Q1 FY24.
🔄 What Changed
Revenue mix shifted to 97% ePuja/Havan and 3% astrology; marketing spend to increase 3-5x; customer acquisition cost remains ₹6–700 with 50% repeat rate.
🔮 What's Next
Launch ePuja store by Q1 FY24; expand network to 5,000 temples; target 30-35% revenue from astrology in 2-3 quarters; increase marketing spend 3-5x.
💡 Investor Takeaway
The company is scaling its digital puja and astrology platform through temple network growth and new revenue streams, aiming for significant margin expansion and cross-selling opportunities.

Sagar Productions Limited, rebranded as ePuja Spiritech, reported Q2 FY24 revenue of ~[amount context mismatch] lakhs with a 75% EBITDA margin and [amount context mismatch] lakh PAT, driven by 40-50 daily pujas peaking at 9,500 during COVID. Management outlined plans to expand its temple network to 5,000 across India, targeting underrepresented regions and Kuladevata temples, while launching an ePuja store by Q1 FY24 selling ritual items and partnering with MakeMyTrip for tiered religious tourism offerings priced ₹2,000–5,000. Revenue is 97% from ePuja/Havan services and 3% from astrology, with customer acquisition costs ranging from ₹6 to ₹700 and a 50% repeat rate.

📄 View Original Announcement (PDF)

About Epuja Spiritech Ltd (532092)

Services · Miscellaneous · Listed on BSE

Market Cap: ₹11.42 Cr ROE: -79.3% ROCE: -73.8%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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