Textile company PDS announced Q2FY23 results: Q2FY23 vs Q2FY22 Consolidated: Revenue from operations increased by 33% to Rs 2,921 crore from Rs 2,195 crore in Q2FY22 Reported Gross Profit Rs 495 crore compared to Rs 360 crore, increased by 37% EBITDA increased by 41% to Rs 119 crore from Rs 84 crore in Q2FY22 Normalised PBT was Rs 105 crore, a growth of 34% PAT increased by 70% to Rs 113 crore compared to Rs 67 crore in Q2FY22 Basic EPS stood at Rs 7.19, a growth of 81% H1FY23 vs H1FY22 consolidated: Revenue from operations increased by 38% to Rs 5,262 crore from Rs 3,821 crore in H1FY22 Reported Gross Profit Rs 867 crore compared to Rs 642 crore, increased by 35% EBITDA increased by 62% to Rs 192 crore from Rs 119 crore in H1FY22 Normalised PBT stood at Rs 172 crore, a growth of 60% PAT stood at Rs 157crore vs Rs 126 crore in H1FY22, growth of 25% Basic EPS stood at Rs 10.03, a growth of Rs 24% Speaking on the results, Pallak Seth, Vice-Chairman, said, “PDS is committed to cultivating and nurturing longstanding partnerships with trust and transparency. Our continued long-term relationship with key customers is indicative of the confidence they place in our capabilities as a global, ESG-compliant design-led sourcing and manufacturing platform. As economic headwinds across the globe require us to proceed with caution, it is heartening that our teams have demonstrated organic growth with services expansion with some of our key clients in the UK and European region.” Result PDF
Textiles firm PDS Announced Q1FY23 Result : PDS Limited reported Q1 FY 2022-23 with Revenue of Rs 2,340cr (growth of 44% YoY) Topline of Rs 2,340cr with a growth of 44% YoY Gross Profit stood at Rs 372cr, grew by 32% YoY EBITDA grew by 113% YoY to Rs 73cr PAT stood at Rs 44cr, grew by 141% YoY Reported ROCE 30% and ROE 28% Mr. Pallak Seth, Vice Chairman, PDS Limited expressed, “The developed markets are facing headwinds with inflation, rising cost, and uncertainties due to geopolitical factors. However, this is creating opportunities for PDS to win strategic long-term contracts by offering exclusive sourcing as a service to leading retailers and brands. We expect to continue our growth trajectory with cautious optimism. It’s our multi-country, multi-product business model that makes us stronger and makes us deliver a robust performance in spite of macro challenges.” Commenting on the results, Mr. Sanjay Jain, Group CEO, PDS Limited said, “Today, we are no longer just a fashion company but have transformed into a global innovation-led fashion infrastructure company, powered by a robust governance framework. Our agility and robust business model have enabled us to deliver strong topline growth of 44% and EBITDA growth of 113% compared to last year. This has translated into the Company achieving 30% ROCE and 28% ROE. With the manufacturing business now contributing to the bottom line, we expect we would continue on our trajectory of higher returns. ” Result PDF
Textiles company PDS declares Q4FY22 result: Topline of Rs 8,828 Cr a growth of 42% YoY EBIT stood at Rs 339 Cr, grew by 70% Profit After Tax grew by 97% to Rs 293 Cr Basic EPS at Rs 95.38 as compared to full-year FY21 EPS of Rs 32.37 Achieved working capital of -ve 3 days and ROCE of 38% with ROE of 31% Declared Dividend of Rs 23.85 per share Manufacturing Business Turnaround in Q4 FY22 Mr. Pallak Seth, Vice Chairman commented “We are pleased to announce that PDS has Crossed the $1bn topline mark in the financial year 2022. This year we have witnessed longterm association with leading brands and retailers offering them “Sourcing as a Service” for exclusive territories including Hanes Brands in Bangladesh and S.Oliver in India. Further, we are also witnessing sourcing opportunities that are unfolding with retailers and brands in Creasingly seeking to partner with integrated supply chain players like PDS. Given these opportunities, we are actively exploring avenues for expanding and strengthening our footprint in key geographies like Egypt, Vietnam, Jordon, and India which benefit from nearshoring and China+1 opportunities respectively.” Commenting on the results, Mr. Sanjay Jain, Group CEO added, “This financial year has been an exciting year for us. Despite the disruptions that have impacted the industry and value chain, we achieved high growth of 42% compared to last year and reported a 38% return on capital employed. In Q4 FY22, our manufacturing operations turned around and going forward this segment is expected to contribute to the bottom line. Our stringent review and control mechanisms have enabled us to operate with negative working capital days while also achieving negative net debt. However, there are ma Cro and geopolitical events that have a bearing on our operations, and we as an organization are focused on treading the journey cautiously with our eye on sustaining our growth and profitability momentum.” Result PDF
Textiles maker PDS Multinational Fashions declares Q3FY22 result: PDS Limited Reported 9M FY22 Revenue of Rs 6,053 cr (with 36% growth) and PAT of Rs 207 cr (growth of 162%) Topline growth of 36% YoY With EBITDA of Rs 220 cr, margin expanded to 3.6% EBIT stood at Rs 234cr, grew by 107% Profit After Tax grew by 162% to Rs 207 cr Basic EPS at Rs 65.76 as compared to full-year FY21 EPS of Rs 32.37 Achieved working capital of -ve 2 days ncome from operations stood at Rs 2,232 cr as compared to Rs 1,626 cr in Q3 FY21; YoY growth of 37% Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) was Rs 101cr vs Rs 76 cr in Q3 FY21 Reported Earnings Before Interest and Tax (EBIT) of Rs 89cr against Rs 67cr in Q3 FY21 (growth of 33%) Profit After Tax (PAT) of Rs 81cr vs Rs 59 cr in Q3 FY21 (38% growth), with a margin of 3.6% The Company clocked ROCE’s of 38% and ROE’s of 33% in Q3 FY22 1 Revenues from operations stood at Rs 6,053 cr as compared to Rs 4,448 cr in 9M FY21; YoY growth of 36% EBITDA was Rs 220 cr vs Rs 133 cr in 9M FY21 and margin stood at 3.6% vs 3.0% in 9M FY21 Reported EBIT of Rs 234 cr against Rs 113 cr in 9M FY21 (growth of 107%) PAT stood at Rs 207 cr vs Rs 79 cr in 9M FY21. The Company’s PAT margin expanded to 3.4% vs 1.8% in 9M FY21 Basic EPS during 9M FY22 stood at Rs 65.76 (vs full year FY21 EPS of Rs 32.37) Mr. Pallak Seth, Vice Chairman, PDS Limited commented “We are seeing good traction with leading brands and retailers who are exploring options to outsource the sourcing function. In order to tap into this opportunity, we are offering “Sourcing as a Service” to large brands and retailers and operate as a sole and exclusive partner for pre-agreed territories. We recently concluded two strategic agreements, the first being Techno Design, our Germany-based group company, which has become the exclusive sourcing partner of s.Oliver for India and Sri Lanka region. Secondly, we have become the sole & exclusive vendor to Hanes Brands in Bangladesh. We are thrilled to partner with leading brands and retailers for their sourcing & manufacturing requirements.” Commenting on the results, Mr. Sanjay Jain, Group CEO, PDS Limited said, “We are pleased to share that in the last 9 months, we have nearly achieved our full-year numbers of last fiscal. Our plans of expanding our footprint in the North American market continue to gain further momentum. We had ended last financial year with the contribution from North America at 8% of our topline which has now increased to 19% in the third quarter this year. The recent arrangement with Hanes Brands will further bolster our North American operations. We are excited about the opportunities that are unfolding in this geography.” Result PDF
Highlights: Q2 FY22 vs Q2 FY21 (Consolidated): Revenues from operations stood at Rs. 2,195 Crore as compared to Rs. 1,856 Crore in Q2 FY21; YoY growth of 18% Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) was Rs. 84 Crore (3.8%) vs Rs. 35 Crore (1.9%) in Q2 FY21 Reported EBIT of Rs. 78 Crore against Rs. 29 Crore in Q2 FY21 (growth of 168%) Profit After Tax (PAT) of Rs. 67 Crore vs Rs. 18 Crore in Q2 FY21. The Company’s PAT margin expanded to 3.0% vs 1.0% in Q2 FY21 Basic Earnings per share (EPS) during Q2 FY22 stood at Rs. 19.83 The Company clocked ROCE’s of 30% and ROE’s of 34% in Q2 FY22 H1 FY22 vs H1 FY21 (Consolidated): Revenues from operations stood at Rs. 3,821 Crore as compared to Rs. 2,822 crore in H1 FY21; YoY growth of 35% EBITDA margin stood at 3.1% vs 2.0% in H1 FY21 Reported EBIT of Rs. 144 crore against Rs. 46 crore in H1 FY21 (growth of 214%) PAT stood at Rs. 126 crore vs Rs. 20 crore in H1 FY21. The Company’s PAT margin expanded to 3.3% vs 0.7% in H1 FY21 Basic EPS during H1 FY22 stood at Rs. 40.52 (vs full year FY21 EPS of Rs. 32.37) Mr. Pallak Seth, Vice Chairman, PDS Multinational Fashions Limited commented “Being a truly global enterprise, we persitently endeavour to further strengthen the platform. As a step in this direction, we are also pleased to welcome Mr. Mungo Park and Mr. Robert Sinclair on the Board of Directors who bring along decades of global experience, enriching the PDS platform. Moreover, PDS is consciously working towards circularity. We are happy to announce that PDS is now a member of the Sustainability Apparel Coaliation (SAC), a global, multi-stakeholder non-profit alliance for the fashion industry.” Commenting on the results, Mr. Sanjay Jain, Group CEO, PDS Multinational Fashions Limited said, “We are truly excited to have reported our strongest quarterly performance in the last 5 years with a topline of Rs. 2,195 crore. In line with our strategy to expand beyond the predominant markets of UK and Europe, we have deepened our presence in the North American markets with H1 FY22 achieving ~90% of full year FY21 sales.” “PDS is leveragaging its robust platform to propel into the next growth phase. On one hand, we are strategizing the way forward through unlocking potential in untapped geographies & categories, building teams, collaborating with marquee customers, increasing wallet share of existing customers and strengething the vendor network. On the other hand, we are transforming from being just a “fashion” company to a truly digital platform providing ESG compliant end-to-end solutions with sustainability at its core.”, Mr. Jain, further added. Result PDF