Cellecor Gadgets Limited — Important, 14-11-2024: Updates

Cellecor Gadgets Limited has resubmitted its unaudited financial results for the half-year ended September 30, 2024, along with additional details regarding the utilization of IPO proceeds, as per NSE guidelines. The entire IPO proceeds of ₹5,077.30 crore were fully utilized by March 31, 2024, with no unutilized funds remaining as of the recent reporting period.

For the half-year, the company reported total income of ₹42,571.77 crore, a significant increase from ₹20,972.07 crore in the corresponding period last year. Operating profit before tax stood at ₹1,967.25 crore, leading to a net profit of ₹1,462.12 crore, compared to ₹702.00 crore for the same period in the previous year, indicating strong profitability growth.

The company has also initiated establishing a wholly-owned subsidiary overseas and completed the acquisition of a 100% stake in Cellecor Foundation, enhancing its operational footprint. Investors should note the positive trajectory and potential for growth as the company expands its capabilities.