PDS Limited logs ~141% y-o-y growth in Net Profit for Q1FY23; stock adds ~1%

2 Aug 2022 , 09:54 AM

PDS Limited, one of the leading global fashion infrastructure platforms, announced its results for the quarter ended June 30, 2022.

Company logged revenue from operations of Rs2,340 crore in Q1FY23, registering a growth of 44% on a y-o-y basis against Rs1,626 crore in the previous corresponding quarter.

Further, it reported a gross profit of Rs372 crore in the current quarter.

EBITDA margin for Q1FY23 expanded by 102 bps at 3.1% against 2.1% in Q1FY22.

Company’s net profit during Q1FY23 jumped by 141% yoy at Rs44 crore, as against adjusted profit of Rs18 crore in the same quarter previous year. Company reported a basic EPS of Rs14.19.

The company outlined that the sourcing segment clocked a topline of Rs2,216 crore, accounting for 95% of the Company’s topline with a growth of 42% yoy. The segment reported an EBIT of 2.7% with a ROCE of 42%.

The manufacturing segment recorded growth of 78% with a topline of Rs169 crore as against Rs95 crore last year.

At around 9.39 AM, PDS Limited was trading 0.65% higher at Rs1,711 per piece, against its previous close of Rs1,699.95 on NSE. The scrip opened at Rs1,720 and hit intraday high of Rs1,724.90 so far.