Palred Technologies announced that its subsidiary pTron has entered the smart eyewear market with the launch of two innovative products - Orbis Era and Orbis Urban. The Bluetooth-enabled smart glasses represent the company's strategic move into the affordable smart eyewear segment, combining modern design with intelligent functionality.

Product Launch and Pricing

The new smart eyewear series is now available exclusively on Amazon with competitive pricing designed to make smart glasses accessible to Indian consumers.

Orbis Urban: Magnetic Clip-On Smart Glasses

The pTron Orbis Urban delivers versatility and performance through its magnetic clip-on sunglasses and built-in audio system. The product targets modern lifestyle needs with several advanced features:

• Open-ear sound with air-conduction audio technology
• 10mm dynamic drivers for immersive stereo sound
• Built-in HD microphone for clear, hands-free calls
• Blue light protection to reduce eye strain
• Lightweight, secure all-day design
• Magnetic touch fast charging (1.50 hours)
• Bluetooth 5.40 for fast, stable connectivity
• IPX4 water and sweat resistance
• Replaceable lenses, including prescription options

Orbis Era: Everyday Smart Eyewear

The pTron Orbis Era offers a stylish upgrade to daily eyewear, targeting professionals, students, and content creators. Key specifications include:

Company Vision and Market Strategy

According to Ameen Khwaja, Founder and CEO of pTron, the launch represents the company's commitment to making futuristic technology accessible to Indian consumers. The Orbis Smart Glasses Series aims to set new benchmarks in the affordable tech-wearable category by combining style, practicality, and affordability.

pTron operates under the slogan "Be Loud Be Proud" and focuses on lifestyle electronics accessories. The brand was established in 2014 as part of Palred Electronics Private Limited, offering a wide range of mobile accessories including Bluetooth headsets, portable speakers, chargers, cables, and car accessories. The company's strength lies in providing quality products backed by warranty at competitive prices in the branded accessories category.

Palred Technologies Limited, a company specializing in electronic products and mobile accessories, has announced its financial results for the first quarter, revealing a mixed performance across its standalone and consolidated operations.

Standalone Performance

On a standalone basis, Palred Technologies demonstrated resilience, reporting a profit after tax of Rs 66.98 lakhs for Q1. This represents a decrease from the profit of Rs 91.33 lakhs recorded in the same quarter of the previous year. The company's revenue from operations remained steady at Rs 37.50 lakhs, matching the figure from Q1 of the previous fiscal year.

Consolidated Results

However, the consolidated financial picture tells a different story. Palred Technologies and its subsidiaries collectively posted a loss after tax of Rs 340.51 lakhs for the quarter, a significant increase from the loss of Rs 201.59 lakhs in the corresponding period last year. The consolidated revenue from operations also saw a decline, dropping to Rs 1,350.72 lakhs from Rs 1,932.19 lakhs in Q1 of the previous year.

Financial Highlights

Business Operations

Palred Technologies operates in the domain of trading electronic products, mobile accessories, and providing related services. The company's consolidated results encompass six subsidiaries spread across India, Hong Kong, China, and Turkey, reflecting its international presence in the electronics market.

Management Commentary

While the company has not provided specific management comments in the released data, the divergence between standalone and consolidated results suggests varying performances across the group's entities. The standalone profit amid a larger consolidated loss indicates that some subsidiaries may be facing challenges in their respective markets.

Conclusion

As Palred Technologies navigates through a complex business environment, investors and stakeholders will be keenly watching how the company addresses the challenges in its subsidiaries while maintaining the profitability of its standalone operations. The coming quarters will be crucial in determining the effectiveness of any strategic measures taken to improve overall group performance.

The financial results were approved by the Board of Directors at their meeting held on August 08, and have been subjected to a limited review by the statutory auditors of the company.