ALFA Finder| Margins | Transitioning from product to higher-margin solutions business. |
|---|---|
| Order book | Unlocked strategic accounts with $10M-$100M potential each. |
| Demand visibility | Sourcing-as-a-service pipeline converting ~$400M potential GMV. |
| Management confidence | High |
Growth
Projected FY26 revenue for FY21-23 cohort is $150M with $9M PBT. $400M potential GMV from closed sourcing-as-a-service deals.
Outlook
Targets $40M+ PBT from FY21-23 cohort by 2030 and $40M+ from FY24-26 cohort by 2032.
Risks
Geopolitical instability, tariffs, declining consumer sentiment, and vendor base consolidation noted as macro environmental headwinds.
Last quarter's promises, checked
Delivered
- Targeting Q4 US business profit → Delivered $1M+ profit (= BEAT)
- Aiming for 50 bps gross margin improvement → Delivered 45-236 bps expansion (= BEAT)
- Targeting 7-day working capital → Delivered 7 days (= BEAT)
Partly delivered
- Guided ₹25cr cost savings in H2 → Partial benefit captured in Q3, full impact delayed to Q4 (= PARTIAL)
- Targeting 10-15% growth with Primark → Visibility exists but execution pending for next year (= PARTIAL)
Missed
- Expected 14-15% order book growth → Delivered 6-7% (= MISS)
Earnings Call filed with BSE, NSE: PDSL. Summary written with AI assistance from the document.
PDS Ltd: key numbers
- Share price
- ₹416.10
- Market cap
- ₹5,887 Cr
- Revenue (annual)
- ₹13,110 Cr
- Net profit (annual)
- ₹111.7 Cr
- P/E (TTM)
- 45.3×Sector 48.2×
- Promoter holding
- 61.36%-0.01% QoQ
- FII holding
- 4.13%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from PDS Ltd
All →PDS Earnings Call Transcript: Key Takeaways
Record Q2 revenue of ₹4,432 Cr (+30% YoY), EBITDA +49% to ₹153 Cr, PAT +44% to ₹70 Cr, net cash ₹154 Cr. Management stays cautious and gives no numeric FY27 revenue guidance.
PDS Management Change
PDS Limited disclosed the resignation of Non-Executive Independent Director Bangalore Gangaiah Srinivas, effective November 4, 2026. The resignation cites pre-occupation and personal commitments, with no other material reason.
PDS Dividend
PDS Limited declared an interim dividend of Rs 2.2 per share for 2026-27 on November 4, 2026. Record date is November 11, 2026.
PDS Results Update
PDS Limited's press release reports record Q2 FY27 revenue of Rs 4,432 crore and PAT up 144% quarter-on-quarter. It also declares an interim dividend of Rs 2.20 per share.
PDS Other Announcement
PDS Limited submitted the CRISIL Ratings monitoring agency report for the quarter ended September 30, 2026. It confirms no deviation in the utilisation of its QIP proceeds.
PDS Investor Presentation: Key Takeaways
Record Q2 FY27 revenue ₹4,432cr (+30% YoY), EBITDA margin 3.5% (+44bps), PAT ₹70cr (+44%). H1 revenue ₹7,876cr (+23%); net cash ₹154cr.