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Textiles firm PDS announced Q3FY23 results: Q3FY23 vs Q3FY22: Revenue from operations increased by 15% to Rs 2,574 crore from Rs 2,232 crore in Q3FY22 Gross profit Rs 450 crore compared to Rs 371 crore, increased by 21%, with margin expansion of 86 bps EBITDA increased by 27% to Rs 132 crore from Rs 104 crore in Q3FY22 PBT was Rs 99 crore, a growth of 17% PAT increased to Rs 93 crore compared to Rs 81 crore in Q3FY22 Basic EPS stood at Rs 5.94, a growth of 18% 9MFY23 vs 9MFY22: Revenue from operations increased by 29% to Rs 7,835 crore from Rs 6,053 crore in 9MFY22 Gross profit Rs 1,317 crore compared to Rs 1,013 crore in 9MFY22, increased by 30% EBITDA increased by 46% to Rs 327 crore from Rs 223 crore in 9MFY22 PBT stood at Rs 271 crore, a growth of 25% PAT stood at Rs 250 crore vs Rs 207 crore in 9MFY22, growth of 21% Basic EPS stood at Rs 15.97, growth of Rs 21% Speaking on the results, Pallak Seth, Vice-Chairman, said, “As the globe is contending with demand pressures in the near term, we are capitalizing on opportunities within our supply chain to maximize our revenues and margins. With several strategic opportunities under our bespoke sourcing as a service model and expansion in manufacturing capabilities, we at PDS are looking towards stronger and sustainable long-term growth across the platform.” Further added Sanjay Jain, Group Chief Executive Officer, “At PDS we have built a strong sourcing and manufacturing platform focused on delivering great quality with operational excellence. Over the last few quarters, we have made strategic investments across our value chain, expanding capabilities and new business verticals, that are expected to enhance our expertise as a design to delivery platform.” Result PDF

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