Mumbai, October 30, 2024: The financial results for Q2FY25 have been released by PDS Limited, a global provider of fashion solutions and infrastructure that offers tailored solutions to international brands and retailers in areas including product creation, sourcing, production, and brand management.
The quarter with the largest sales to date, with a 26% increase over the previous quarter, achieved the highest-ever quarterly GMV of ₹5,437crs.
- The normalised EBIDTA was ₹185crs, representing a 52% rise and a 6.0% margin.
- Normalised PAT increased 62% to ₹131crs, with a 4.3% margin.
- With an order book of around $620 million, up more than 20% year over year, growth momentum is anticipated to continue.
ESSENTIAL FEATURES FOR THE H1 FY25
The period’s GMV handled climbed 39% to ₹9,335crs, surpassing $1.1bn.
• The reported topline of ₹5,927crs showed a 29% increase.
- Normalised EBIDTA was ₹306crs, representing a 27% increase with 5.5% margins.
- At ₹211crs, normalised PAT increased 39% with a 3.8% margin.
- An interim dividend of ₹1.65 per share was declared.
Pallak Seth, Executive Vice Chairman, commented on the Q2 FY25 performance, saying, “Our recent performance shows that we are back on pace to meet our long-term goals. For our main clients, we have seen robust growth throughout the quarter in terms of geography, categories, and service offerings. Short-term, consistent interest rates and decreasing inflation in all regions boost our confidence. In order to be resilient and adaptable in a changing environment, we continue to be watchful and prepared to modify and improve our strategy.
“We are really happy with our growth trajectory, which demonstrates the effectiveness of our strategic goals and the robustness of our business model. One obvious sign of the momentum we are creating is our growing order book. In the upcoming quarters, we anticipate sustained profitability improvements driven by operating leverage and new verticals. achieving scale, releasing growth potential, and leveraging strategic synergies. Our dedication to achieving long-term, profitable growth is demonstrated by our recent accomplishments,” Group CEO Sanjay Jain stated.