Palred Technologies Limited — Earnings Release 2021

Nov 15, 2021

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Date: 15-11-2021.

To, To, The Manager, The Manager, Department of Corporate Relations, Listing Department, BSE Limited, PJ Towers, Dalal Street, National Stock Exchange of India Limited, Mumbai-400001. Bandra Kurla Complex, Bandra (E), Mumbai-400051.

Dear Sir/ Madam, Sub: Press Release- pTron boosts Palred Tech’s Q2 Revenue by 53% at INR 72 Cr.

With reference to above mentioned subject, we hereby submit the press release submitted by Palred Technologies Limited, stating that pTron boosts Palred Tech’s Q2 Revenue by 53% at INR 72 Cr. It further states Revenue jumps two-fold on the back of new launches and spike in demand during the festive season.

This is for the information of and records of Exchanges.

Thanking you,

For Palred Technologies Limited

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Shruti Rege Company Secretary

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PALRED TECHNOLOGIES LIMITED

(FORMERLY KNOWN AS FOUR SOFT LIMITED) CIN: L72200TG1999PLC033131

Regd. Office: H.No. 8-2-703/2/B, Plot.No.2 Road.No.12, Banjara Hills, Hyderabad, Telangana- 500034. Tele: +9140 67138810|Website:www.palred.com

pTron boosts Palred Tech’s Q2 Revenue by 53% at INR 72 Cr

Revenue jumps two-fold on the back of new launches and spike in demand during the festive season

Hyderabad (India), 14th November, 2021: Palred Technologies Limited, a Technology Solutions player across Consumer Electronics, eCommerce, and IT Solutions industries, announced its financial results for the first half for FY 2021-2022.

Financial Highlights:

• Consolidated Revenue at INR 74.72 Cr for the first half; growth of 36% YoY

• Consolidated Revenue at INR 47.55 Cr for the quarter; growth of 19% YoY

• Revenue generated by pTron brand stood at INR 72.58 Cr in first half of FY 2021-22, compared to INR 47.36 Cr in first half of FY20-21

Palred Technologies continued its growth momentum and posted strong first half-yearly financial results at 74.72 Cr, beating the industry estimates. The flagship brand pTron, a subsidiary of Palred Technologies, boosted the company’s revenue by registering record sales, from 12.93 Lacs units sold in H1 FY21 to 21.63 Lacs units sold in H1 FY22, witnessing over 67% growth. pTron’s Bluetooth Headsets and TWS (True Wireless Stereo) have been the main driving force and stood forefront in the category, registering sales to the scale of 5.13 lac units and 5.96 lac units respectively.

pTron has witnessed a massive growth in business since the beginning of 2019. It has penetrated into the Indian Consumer Electronics industry at a rapid speed by introducing a slew of products, especially smart accessories which has seen a major demand from the consumers. With innovation being at the core of its business, pTron became the first homegrown brand to launch Made in India Truly Wireless (TWS) earphones. Basis an aggressive business and marketing strategy and making its brand presence across tier-I & tier-II markets, pTron has signed endorsement deals with Bollywood celebrities like Aparshakti Khurana and Pooja Hegde. In August 2019, driving on the principles of Make in India, the company also announced the setting up of assembly unit in Kurnool, Andhra Pradesh where it assembles the key products - TWS & Power banks.

Recent investment from ace investor Mathew Cyriac, former Blackstone partner & co-head of India PE, marks the growth potential of the company and further enables to expand its market presence.

Commenting on the results, Mr. Harish Naidu, CFO, Palred Technologies Limited said, “As a part of our growth strategy, we are focusing on the new age technologies and continue to develop new products under pTron, which drives the overall revenue of the company. Recent investment into the company has boosted shareholders’ confidence and we will take considerable steps to maintain the growth momentum in the years to come”

Mr. Ameen Khwaja, Founder & CEO, pTron said, “In the fast-paced economy, as consumer preferences are changing rapidly, we are proud to adapt, innovate and develop products that stood as consumer choice. As we continue to hold our leadership position year on year basis, our focus on R&D will uphold a critical role in designing products that are not just superior in quality but economical for consumers”

About Palred Technologies:

Palred Technologies Ltd (previously known as Four Soft Ltd ) is a Public Limited Company listed on India's Premier Stock Exchanges, NSE and BSE, since 2004. Palred group is a completely Indian funded business with subsidiaries – (1) Palred Retail (P) Ltd, a retail company that owns the e- commerce site Latestone.com and other offline distributors/retailers (2) Palred Electronics (P) Ltd., owns pTron brand and sells products through major online retailers like Amazon, Flipkart, Myntra, Nykaa, Snapdeal, PayTM Mall & more offering a bouquet of mobile accessories & digital lifestyle products (3) Palred Technology Services (P) Ltd., runs the fulfillment centres in Kurnool (A.P) and provides e-com services.

About pTron:

Started in 2014, pTron was conceptualized as an electronics and mobile accessories brand owned by Palred Electronics Pvt. Ltd., which is a subsidiary of Palred Technologies Ltd, a public-listed company on BSE and NSE since 2004. pTron offers a bouquet of mobile accessories products to meet the needs of its consumers. pTron offers products like Bluetooth headsets, portable Bluetooth speakers, wired headsets, chargers and cables, smart watches, networking products and many more. pTron’s strength lies in its wide range of products whose quality is backed by warranty but offers them at competitive prices in the branded accessories category for the midmarket. pTron has sold more than 2.8 million units only in FY 21 and aims to sell an additional 5 million units in FY 22.

For media queries, please contact MSL:

Akshay Pawar - 7416874744 / akshay.pawar@mslgroup.com Prem Kumar - 8121888208 / prem.kumar@mslgroup.com