Comments
Palred Technologies Limited, an electronics peripherals and e-commerce players, has posted a net profit of ₹1.50 crore in the second quarter ended September 30, 2020, as against a loss of ₹96 lakhs in the same period last year.
Also read: Palred Tech launches Xmate brand
It registered a total income of ₹39.82 crore in the quarter as against ₹11.52 crore in the comparable quarter last year.
The pTron brand, the company’s electronic and mobile accessories business, generated revenues of ₹34.55 crore in the quarter, triggered by a high volume of demand for its audio accessories.
“We sold over 7.87 lakh units of pTron accessories in the quarter,” the company said.
It said the brand continued to do well in October. “We sold 4.05 lakh pieces as against 95,534 pieces that we sold in the same month last year,” it said.
“The company is on a strong growth trajectory with only the first two quarters in this fiscal, recording consolidated revenues of ₹54 crore as against the annual revenues of ₹45 crore for the financial year 2019-20,” Harish Naidu, Chief Financial Officer of Palred Technologies Limited, said.
The firm registered a profit of ₹1.95 crore in the first half of the financial year as against a loss of ₹2.25 crore in the same period last year.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.