PDS Ltd Reports Record Sales In Q2 FY25
PDS Ltd, a global fashion solutions and infrastructure company, has announced its financial results for Q2 FY25, achieving its highest-ever quarterly sales. The company, known for providing customized solutions to global brands and retailers in product development, sourcing, manufacturing and brand management, reported a Gross Merchandise Value (GMV) of Rs 5,437 crore for the quarter, marking a 26% increase from the previous quarter.
Highlights of PDS financial results:
- Revenue from Operations: Rs 3,306 crore, up 26% quarter-on-quarter.
- Normalised EBITDA: Rs 185 crore, reflecting a significant growth of 52% with a margin of 6.0%.
- Normalised PAT: Rs 131 crore, an impressive increase of 62% with a margin of 4.3%.
The company’s order book currently stands at approximately $620 million, representing over a 20% year-on-year increase, indicating strong growth momentum moving forward.
For the first half of FY25, PDS reported a total GMV of Rs 9,335 crore, exceeding $1.1 billion, with a topline revenue of Rs 5,927 crore, reflecting a 29% growth compared to the same period last year. Normalised EBITDA for H1 FY25 reached Rs 306 crore, up 27%, while normalised PAT grew by 39% to Rs 211 crore. Additionally, PDS declared an interim dividend of Rs 1.65 per share.
Pallak Seth, Executive Vice-Chairman, expressed confidence in the company’s trajectory, stating, “Our recent performance demonstrates that we are back on track to achieve our long-term targets. We have witnessed strong growth across geographies, categories and services for our key customers. With steady interest rates and easing inflation, our outlook remains optimistic.”
Sanjay Jain, Group CEO, commented on the company’s strategic initiatives, saying, “We are thrilled with our growth trajectory, which highlights the effectiveness of our strategic initiatives and the resilience of our business model. Our expanding order book is a clear indicator of our momentum, and we anticipate continued profitability enhancements in the coming quarters through operating leverage and strategic synergies.”
PDS Ltd’s strong performance in Q2 FY25 highlights its commitment to sustainable and long-term profitable growth in the evolving fashion industry.
