PDS Limited, a global supply chain solutions company catering to international brands and retailers through services such as product development, sourcing, manufacturing, and brand management, has announced its consolidated financial results for the quarter and half year ending September 30, 2025.
Consolidated Financial Performance for Q2FY26 and H1FY26
| Particulars | Q2 FY26 | Q1 FY26 | Growth | H1 FY26 | H1 FY25 | Growth |
|---|---|---|---|---|---|---|
| Gross Merchandise Value | ₹5,467 Cr | ₹4,634 Cr | 18% | ₹10,101 Cr | ₹9,335 Cr | 8% |
| Revenue from Operations | ₹3,419 Cr | ₹2,999 Cr | 14% | ₹6,419 Cr | ₹5,927 Cr | 8% |
| Gross Profit | ₹680 Cr | ₹582 Cr | 17% | ₹1,262 Cr | ₹1,193 Cr | 6% |
| EBITDA | ₹103 Cr | ₹51 Cr | 104% | ₹154 Cr | ₹213 Cr | -31% |
| PAT | ₹48 Cr | ₹20 Cr | 142% | ₹68 Cr | ₹116 Cr | -41% |
Commenting on the results,
Pallak Seth, Executive Vice Chairman, stated,
“Our results demonstrate that sustainable growth is achieved through focus, efficiency, and disciplined execution. Our growth journey is centered on strengthening and expanding the potential of our existing businesses and partnerships, with no new investments at this stage. By sharpening our focus on execution, leveraging synergies, and fostering collaboration across our global network, we are building a stronger, more efficient, and purpose-driven PDS — one that grows sustainably and responsibly while upholding the highest standards of governance.”
Sanjay Jain, Group CEO, further added,
“We continue towards our commitment of building a resilient, cost-efficient PDS. Our focus remains on driving operational excellence across our core business verticals, which is starting to show in our results, with optimized working capital and reduced net debt levels. By focusing on high-impact areas and streamlining underperforming verticals, we are enabling responsible growth and building a future-ready organization scaling towards enhancing profitability.”
Business Highlights
- Order Book: ₹5,308 crore as of early October 2025 — a 15% YoY increase, indicating strong business momentum despite global economic challenges.
- Working Capital Efficiency: Net working capital days improved from 17 days (March 2025) to 6 days (September 2025), resulting in cash flow from operations of ₹593 crore.
- Dividend: The Board approved an interim dividend of ₹1.65 per share, maintaining parity with the previous year.