Almost a Year After IPO, Cellecor Gadgets Announces New Partnership in Electronics and Consumer Durables

Updated on Jul 3, 2024, 15:10 IST

During FY24 as compared to corresponding FY2023, the company reported total revenue of Rs 500.52 crore as against Rs 264.35 crore, representing an increase of 89.33 per cent, EBITDA was Rs 29.65 crore as against Rs 12.57 crore, representing an increase of 135.93 per cent.

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Cellecor Gadgets has announced a strategic partnership to integrate Samsung Tizen OS into its Smart TV category. Samsung Tizen OS, known for its robustness and versatility, is a Linux-based operating system developed in partnership with Intel, offering a rich ecosystem of features and functionalities.

The company said in a regulatory filing: “Samsung Tizen OS transforms our Smart TVs into more than just viewing devices. With over 600 free entertainment apps accessible directly from your TV, features like screen mirroring, voice assistant capabilities, and SmartThings integration greatly enhance the user experience. Users can effortlessly share files and media from connected devices, create a cinematic atmosphere with compatible sound systems, and harness the power of voice commands with the intuitive One Remote.”

“We are excited about this partnership as it represents a key advancement in our Smart TV offering,” said Nikhil Aggarwal, Director, Whole Time, Cellecor Gadgets Limited. “With Samsung’s Tizen operating system as the core technology of our products, we are well positioned to deliver unparalleled visual and interactive experiences that are tailored to the ever-changing needs of our discerning customers,” he added.

Cellecor deals in a wide range of products including mobile phones, mobile accessories, smart TVs, washing machines, kitchen appliances, smart wearables and others. During FY24 as compared to FY23, the company recorded total revenue of Rs 500.52 crore as compared to Rs 264.35 crore, which is a growth of 89.33 per cent, EBITDA was Rs 29.65 crore as compared to Rs 12.57 crore, which is a growth of 135.93 per cent. PAT was Rs 16.09 crore as compared to Rs 8.07 crore, which is a growth of 99.39 per cent.

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