Palred Technologies Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, presenting a mixed performance with standalone profitability contrasting against consolidated losses. The Board of Directors approved these results at their meeting held on February 13, 2026.

Standalone Financial Performance

The company's standalone operations demonstrated resilience with continued profitability, though at reduced levels compared to the previous year. Total income for Q3FY26 reached ₹129.00 lakhs, marginally declining from ₹136.81 lakhs in Q3FY25.

For the nine-month period ended December 31, 2025, standalone total income was ₹406.40 lakhs compared to ₹400.63 lakhs in the corresponding period of FY25. Profit after tax for nine months stood at ₹204.99 lakhs against ₹251.26 lakhs in the previous year.

Consolidated Financial Results

The consolidated performance painted a different picture, with the company reporting losses across quarters. Q3FY26 consolidated revenue from operations was ₹1,808.35 lakhs, down from ₹2,032.65 lakhs in Q3FY25, representing an 11.03% decline.

Despite the losses, the consolidated results showed improvement with the loss after tax reducing by 35.91% compared to the same quarter last year. For the nine-month period, consolidated revenue from operations was ₹5,536.95 lakhs versus ₹6,816.51 lakhs in the previous year, while the loss after tax increased to ₹621.24 lakhs from ₹556.82 lakhs.

Expense Analysis and Operational Metrics

On a standalone basis, total expenses for Q3FY26 were ₹42.71 lakhs compared to ₹37.98 lakhs in Q3FY25. The increase was primarily driven by higher other expenses of ₹22.73 lakhs versus ₹17.93 lakhs in the previous year. Employee benefits expense remained relatively stable at ₹18.52 lakhs.

Consolidated expenses showed mixed trends with cost of materials consumed at ₹1,278.11 lakhs in Q3FY26 compared to ₹1,081.04 lakhs in Q3FY25. Employee benefits expense increased to ₹278.04 lakhs from ₹226.58 lakhs, while finance costs decreased to ₹119.85 lakhs from ₹135.87 lakhs.

Earnings Per Share and Tax Position

Standalone basic and diluted earnings per share for Q3FY26 were ₹0.50 compared to ₹0.54 in Q3FY25. For the nine-month period, EPS stood at ₹1.68 versus ₹2.05 in the previous year. On a consolidated basis, the company reported loss per share of ₹0.82 for Q3FY26, an improvement from the loss per share of ₹1.34 in Q3FY25.

The company's tax expense for Q3FY26 included current tax of ₹21.63 lakhs and income tax relating to earlier years of ₹3.34 lakhs, totaling ₹24.97 lakhs compared to ₹33.14 lakhs in Q3FY25.

Corporate Structure and Subsidiaries

The consolidated results encompass Palred Technologies Limited and its subsidiaries including Palred Technology Services Private Limited, Palred Electronics Private Limited, Palred Retail Private Limited, and step-down subsidiaries in Hong Kong, China, and Turkey. The company maintains a paid-up equity share capital of ₹1,223.26 lakhs with a face value of ₹10 per share.

The financial results have been prepared in accordance with Indian Accounting Standards and were reviewed by the statutory auditors M S K C & Associates LLP. The results will be made available on the company's website and stock exchange platforms for stakeholder reference.

Palred Technologies announced on December 31, 2025, that its consumer electronics brand pTron has entered the automotive accessories segment as part of its portfolio expansion strategy. The move represents a strategic diversification for the company beyond its traditional personal audio and mobile accessories offerings.

Product Launch Details

The company has launched a comprehensive range of car-focused technology products designed to enhance in-car convenience, connectivity, and everyday usability for consumers. The new product lineup includes:

Distribution Strategy

The products are currently available through Amazon India, maintaining pTron's digital-first distribution approach. This strategy aligns with the brand's established online presence and customer reach in the consumer electronics market.

Management Commentary

Ameen Khwaja, Founder & CEO of pTron, commented that the automotive accessories category represents a natural extension of the brand's mission to offer practical and affordable technology solutions while addressing evolving consumer needs in personal mobility. The launch demonstrates pTron's commitment to expanding into high-utility lifestyle technology categories.

Strategic Significance

This expansion strengthens pTron's diversification strategy, moving the brand beyond its core competencies in personal audio and mobile accessories. The automotive accessories segment entry positions the company to tap into the growing market for car technology solutions and in-vehicle convenience products.

Company Background

Palred Technologies Limited has been listed on both BSE and NSE since 2004. The announcement was made through Palred Electronics Private Limited, a subsidiary company of Palred Technologies Limited, in compliance with Regulation 30 disclosure requirements.