PDS Limited Reported Q4 & FY24 Results

Growth momentum back on trajectory with 25% growth in Q4 PAT clocked 2.6x sequential increase in Q4 FY24 Order book increased by 30%

Mumbai, May 15th, 2024: PDS Limited, the global fashion solutions and infrastructure company offering customized solutions to global brands and retailers across services like product development, sourcing, manufacturing, and brand management, has announced its financial results for Q4FY24.

Consolidated Financial Results Q4 & FY24:  (₹ in crs, unless mentioned otherwise)
ParticularsQ4 FY24Q3 FY24(Q-o-Q)Q4 FY23FY24FY23(Y-o-Y)
Gross Merchandise Value4,5263,80019%3,13615,04812,05925%
Revenue from Operations3,2152,58025%2,74210,37310,577-2%
Gross Profit63953726%4542,1111,77119%
Gross Margin%19.9%20.8%-94bps16.6%20.4%16.7%360bps
EBIDTA Margin%3.8%2.9%95bps4.8%3.9%4.3%-47bps
PAT Margin%2.0%1.0%105bps2.8%2.0%2.8%-86bps

Note – 1) FY23 includes one-time gain from the sale of real estate which is adjusted in PAT for comparable Y-o-Y numbers.

            2) In Q4FY24 and FY24 Other expense & Profit/Loss from JV is adjusted for impact of JV to subsidiary conversion. The net impact of both is PAT neutral.

Key Financial Highlights Q4FY24 vs Q3 FY23

§  Gross Merchandise value increased by 19% to ₹4,526crs

§  Consolidated topline of ₹3,215crs increased by 25%

§  EBITDA of ₹124crs increased by 66% with EBITDA margin increase from 2.9% to 3.8%

§  Normalised EBITDA is ₹157cr translating into a margin of 5.1% vs 4.2% (post investment in growth)

§  PAT increased by 157% to ₹65crs with 2.0% margins vs 1% in the previous quarter

Key Financial Highlights FY24

§  Gross Merchandise value increased y-o-y by 25% to ₹15,048crs

o   SAAS business delivering +240% growth in the FY24

§  Consolidated topline of ₹10,373crs with gross margins of 20.4%, expansion of 360bps

§  EBITDA of ₹402crs with EBITDA margin of 3.9%

§  Normalised EBITDA is ₹502cr translating into a margin of 5.0% vs 4.7% last year (post investment in growth)

§  Investment in growth and capability expansion is ~₹100cr

§  PAT amounted to ₹203crs with 2.0% margins

§  Declared dividend of ₹3.15 per share

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