PDS Ltd GMV Increases 19% To Rs 4,526 Crore In Q4FY’24
In the quarter ending March 31, 2024, Gross Merchandise Value (GMV) increased by 19 percent over the earlier quarter to Rs 4,526 crore at PDS Ltd.
PDS is a global fashion solutions and infrastructure company offering customised solutions to global brands and retailers like product development, sourcing, manufacturing, and brand management.
In the three months to March 31, 2024, EBITDA stood at Rs 124 crore, which is a month on month rise of 66 percent with EBITDA margin growing from 2.9 percent to 3.8 percent over its earlier quarter.
Net profit in the reporting quarter soared 157 percent to Rs 65 crore with margin standing at 2 percent as against 1 percent in the previous quarter
For the full fiscal of 2023-24, GMV expanded 25 percent year on year to Rs 15,048 crore, with the SAAS business delivering a massive growth of over 240 percent.
In the previous fiscal, EBITDA amounted to Rs 402 crore with EBITDA margin of 3.9 percent, while the company invested Rs 100 crore in growth and capability expansion.
Net profit in the reporting fiscal stood at Rs 203 crore with margins at 2 percent. The company declared a dividend of Rs 3.15 per share.
PDS operates a vast global network covering over 60 offices in 22 countries, with over 3,900 employees and 6,800 factory associates worldwide.
PDS also offers a bespoke end-to-end outsourcing solution, engaging dedicated talent and infrastructure as an extended arm of retailers and brands.
