Revenue hits Rs 34.44 billion as order book grows 23 YoY to Rs 60.95 billion.
PDS reported a 14.8 per cent year-on-year increase in consolidated revenue from operations to Rs 34.44 billion in Q1 FY27, compared with Rs 29.99 billion in the corresponding quarter last year. Profit after tax (PAT) rose 42.7 per cent to Rs 290 million from Rs 200 million.
Gross Merchandise Value (GMV) increased 11.1 per cent YoY to Rs 51.46 billion from Rs 46.34 billion, while EBITDA nearly doubled, rising 90.2 per cent to Rs 960 million from Rs 510 million. EBITDA margin improved to 2.8 per cent from 1.7 per cent, an expansion of 111 basis points.
The company’s order book grew 23 per cent YoY to Rs 60.95 billion. Gross margin expanded by 63 basis points, while improved cash and working capital management reduced net working capital to one day. Net debt declined 73 per cent to Rs 290 million.
PDS also progressed with the optimisation of its investment portfolio, with new investment verticals moving closer to profitability and strategic rationalisation progressing as planned.
During the quarter, the company secured mandates from Family Dollar, a leading French retailer and Pentland Brands, representing a combined annual business potential of $330 million. It also partnered with Busana Apparel Group to strengthen its manufacturing capabilities.
Pallak Seth, Executive Vice Chairman, PDS, said the company recorded broad-based growth across GMV and revenue, supported by a healthy order book. He added that new customer wins and partnerships were strengthening the scale and resilience of PDS’ global manufacturing network as global sourcing patterns evolve.
Sanjay Jain, Group CEO, PDS, said disciplined cash management and tighter working capital controls had strengthened the company’s financial position. He added that PDS was progressing with portfolio rationalisation and had begun its digital and AI transformation journey to improve productivity, capital efficiency and operating leverage.