PDS Ltd.

NSE: PDSL | BSE: 538730 | ISIN: INE111Q01013 | Industry: Textiles
| Strong Performer, Getting Expensive
1731.30 -54.55 (-3.05%)
NSE Aug 18, 2022 15:31 PM
Volume: 12,018

Rapid Results Alerts
PDS Ltd.    
02 Aug 2022

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. ”


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