Board Meeting Details
The Board meeting of Palred Technologies Limited was held on Friday, November 13, 2026 at 2:30 PM through video conferencing. The meeting commenced at 2:30 PM and concluded at 3:25 PM.
Items Approved
The Board duly considered and approved:
1. Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026
2. Limited Review Report (Standalone and Consolidated) for the quarter and half year ended September 30, 2026
Standalone Financial Performance (Q2 FY27)
- Total Income: ₹140.52 lakhs
- Revenue from operations: ₹37.50 lakhs
- Other income: ₹103.02 lakhs
- Total Expenses: ₹44.02 lakhs
- Employee benefits expense: ₹19.09 lakhs
- Finance cost: ₹0.15 lakhs
- Depreciation and amortization: ₹1.23 lakhs
- Other expenses: ₹23.55 lakhs
- Profit before tax: ₹96.50 lakhs
- Income tax expense: ₹24.13 lakhs
- Current tax: ₹24.13 lakhs
- Profit after tax: ₹72.37 lakhs
- Earnings per share (face value ₹10):
- Basic: ₹0.59
- Diluted: ₹0.59
Standalone Financial Performance (H1 FY27)
- Total Income: ₹268.74 lakhs
- Profit before tax: ₹180.74 lakhs
- Income tax expense: ₹45.40 lakhs
- Profit after tax: ₹135.34 lakhs
Standalone Balance Sheet (as of September 30, 2026)
- Total Assets: ₹7,463.16 lakhs
- Non-current assets: ₹1,419.93 lakhs
- Investments: ₹1,100.00 lakhs
- Current assets: ₹6,043.23 lakhs
- Cash and cash equivalents: ₹5.08 lakhs
- Bank balances: ₹6,018.73 lakhs
- Total Equity: ₹7,171.35 lakhs
- Equity share capital: ₹1,223.26 lakhs
- Other equity: ₹5,948.09 lakhs
- Total Liabilities: ₹291.81 lakhs
Consolidated Financial Performance (Q2 FY27)
- Total Income: ₹2,178.47 lakhs
- Revenue from operations: ₹2,075.22 lakhs
- Other income: ₹103.25 lakhs
- Total Expenses: ₹2,301.80 lakhs
- Cost of materials consumed: ₹940.81 lakhs
- Employee benefits expense: ₹272.00 lakhs
- Finance cost: ₹129.87 lakhs
- Depreciation and amortization: ₹25.20 lakhs
- Loss before tax: ₹(123.33) lakhs
- Income tax expense: ₹24.13 lakhs
- Loss after tax: ₹(147.46) lakhs
- Attributable to owners: ₹(100.79) lakhs
- Non-controlling interest: ₹(46.67) lakhs
- Earnings per share (face value ₹10):
- Basic: ₹(0.82)
- Diluted: ₹(0.82)
Consolidated Balance Sheet (as of September 30, 2026)
- Total Assets: ₹11,425.29 lakhs
- Inventories: ₹2,093.84 lakhs
- Trade receivables: ₹2,032.45 lakhs
- Cash and cash equivalents: ₹90.07 lakhs
- Bank balances: ₹6,018.73 lakhs
- Total Equity: ₹3,611.86 lakhs
- Equity share capital: ₹1,223.26 lakhs
- Other equity: ₹2,908.14 lakhs
- Non-controlling interest: ₹(519.54) lakhs
- Total Liabilities: ₹7,813.43 lakhs
- Borrowings: ₹6,098.74 lakhs (current), ₹249.00 lakhs (non-current)
Auditor Review
The statutory auditors, MSKC & Associates LLP (ICAI Firm Registration Number: 0015955/S000168), carried out a limited review of both standalone and consolidated financial results. Partner Tarun Kumar Jain (Membership No.: 231741) signed the review reports dated November 13, 2026.
Subsidiaries Included in Consolidation
The consolidated results include:
1. Palred Technology Services Private Limited, India (Wholly owned Subsidiary)
2. Palred Electronics Private Limited, India (Subsidiary)
3. Palred Retail Private Limited, India (Subsidiary)
4. Palred Electronics Private Limited, Hongkong (Step-down Subsidiary)
5. Palred Technology Shenzhen Company Limited, China (Step-down Subsidiary)
6. Palred Online Bilism Teknoljileri Ticaret Anomin Sirketi, Turkey (Step-down Subsidiary)
Additional Information
- The financial results are prepared in accordance with Indian Accounting Standards (Ind AS)
- Previous periods' figures have been regrouped/reclassified where necessary
- Results are available on company website (www.palred.com) and stock exchange websites
- The document is signed by Shruti Mangesh Rege, Company Secretary, and Supriya Reddy Palem, Chairperson & Managing Director (DIN: 00055870)