Colab Platforms Limited announced strong Q1 FY26 results with total income reaching ₹2,306.28 crore, up 106% year-on-year. Profit after tax increased by 167% to ₹120.80 crore. The company declared a second interim dividend of ₹0.01 per share. Strategic initiatives include a ₹250 crore Sports-Tech Growth Accelerator Program and entry into the esports market.
Colab Platforms, a small-cap IT company, has seen its stock hit the upper circuit for 30 consecutive trading sessions since June 18. The stock price rose 2.00% to Rs 53.56, with a market cap of Rs 1,092.62 crore. It has surged 888.00% from its 52-week low of Rs 5.42 in October, but remains 30.00% below its 52-week high of Rs 76.18 from May. The company implemented 1:2 and 1:5 stock splits in May and March respectively. The stock has delivered returns of 544.52% over one year, 246.67% year-to-date, and 153.36% over six months, despite a 20.89% decline over three months.
23Jun 25
Colab Platforms Makes Strategic Move into Indian Esports Market
Colab Platforms, a tech industry player, has announced its entry into India's esports sector. The company aims to create 'India's most rewarding competitive gaming ecosystem,' capitalizing on the country's growing esports market. While specific details are not disclosed, the initiative focuses on developing a comprehensive environment for competitive gamers. This move aligns with India's increasing esports popularity, driven by factors like internet penetration and a tech-savvy population.