PDS Limited Achieves 34% PAT Growth in Q1 FY25

PDS Limited, a global fashion solutions and infrastructure company, has reported its financial results for Q1 FY25, showcasing a robust start to the fiscal year with a notable 28% increase in Gross Merchandise Value (GMV).

The GMV for Q1 FY25 stood at ₹3,898 crore, up from ₹3,043 crore in Q1 FY24. The company’s order book remains strong, reaching $576 million, reflecting a 24% growth over the previous year.

PDS Limited continues to focus on expanding its gross margins through value-accretive business initiatives. Revenue from operations for Q1 FY25 was ₹2,621 crore, marking a 24% increase compared to ₹2,115 crore in the same period of the previous fiscal year. Profit After Tax (PAT) also saw significant growth, rising by 34% to ₹31 crore in Q1 FY25, up from ₹23 crore in Q1 FY24.

The company’s U.S. business segment continues to expand, having recently onboarded a U.S. fast fashion business. This growth in the U.S. market is a testament to PDS Limited’s strategic efforts to strengthen its presence and service offerings globally. With these positive financial results, PDS Limited is well-positioned to continue its growth trajectory and value creation for its stakeholders.

Speaking of the financial performance for the quarter, the Executive Vice Chairman of PDS Limited, Pallak Seth, said, “PDS has been actively adapting its strategies to meet evolving market demands in response to varied consumer trends. We are pleased to witness growth across geographies and to resume our trajectory of expansion in the US region. Our focus remains on leveraging our global sourcing network and expertise to address the dynamic demands of the American fashion industry.”

The Group CEO, Sanjay Jain, stated, “We are pleased with the strong start to FY25, reflecting the effectiveness of our strategic initiatives. Our order book remains robust, demonstrating significant growth over the previous year. The ongoing expansion of our gross margins underscores our focus on value-accretive businesses. Our concerted efforts to enhance operating efficiency and prioritise working capital management have delivered positive outcomes, reinforcing our commitment to sustainable growth.”

About PDS Ltd

PDS Ltd is a global fashion infrastructure platform that provides product development, sourcing, manufacturing, and distribution services for major brands and retailers worldwide. The company operates an extensive global network with over 90 offices in 22 countries. The company reported consolidated revenues of ₹10,373 crore in FY24.

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