| 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
- ₹357.65
- Market cap
- ₹5,059 Cr
- Revenue (annual)
- ₹13,110 Cr
- Net profit (annual)
- ₹111.7 Cr
- P/E (TTM)
- 43.0×Sector 55.7×
- Promoter holding
- 61.37%+0.00% QoQ
- FII holding
- 3.78%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from PDS Ltd
All →PDS Employee Stock Options
PDS Multinational Fashions ESOP Trust acquired 7,000 equity shares of PDS Ltd via market purchase. The transaction, valued at ₹0.25 Crore, was executed on the NSE.
- Value
- ₹0.25 Cr
PDS Merger & Restructuring Worth ₹0.01 Cr
PDS Limited's step-down subsidiary Design COE Limited incorporated Design COE Canada Inc in Ontario, Canada. The fashion sourcing entity was subscribed at approximately ₹1,000 (USD).
- Value
- ₹0.01 Cr
PDS Merger & Restructuring
PDS Limited has completed the transfer of its 49% stake in DBS Lifestyle. Consequent to this disinvestment, the investee entities have ceased to be associates.
PDS Earnings Call Transcript: Key Takeaways
PDS is pivoting from a platform-building phase to a scaling phase, showing strong revenue growth in North America and significant debt reduction despite recent losses from Ted Baker.
PDS Investor Presentation: Key Takeaways
PDS reported strong Q1FY27 results with 15% revenue growth and 43% PAT growth. Management highlighted a significantly stronger balance sheet with net debt reduced by 73% and working capital improved to 1 day.
- Call
- Guides 15% growth
PDS Q1 FY27 Results: Net Profit ₹28.6 Cr, Up 43.0% YoY
PDS Ltd reported revenue from operations of ₹3,444 Cr (+14.8% YoY) and net profit of ₹28.6 Cr (+43.0% YoY) for Q1 FY27.
- Key figure
- Net profit ₹28.6 Cr · +43.0% YoY