PDS Multinational reports 37% yoy growth in revenue; stock gains over 1%

1 Feb 2022 , 11:03 AM

PDS Limited (formerly known as PDS Multinational Fashions Limited), a leading global plug-and-play design-led platform offering product development, sourcing, virtual manufacturing & supply chain platforms catering to leading brands and retailers globally, has announced results for the quarter ending December 2021.

The company reported that its Income from operations stood at Rs 2,232cr as compared to Rs 1,626cr in Q3 FY21, a growth of 37% YoY. While its EBITDA for the quarter stood at Rs 101cr against Rs 76cr for the previous corresponding quarter, up by 33% YoY.

Its PAT stood at Rs 81cr for Q3 FY’22 against Rs 59cr for Q3 FY’21, reflecting a growth of 38% YoY. While PAT for the 9M period ending December 2021 stood at Rs 207cr against Rs 79cr for the quarter ended December 2020, up by 162% YoY.

Company’s EBITDA for the 9M period ending December 2021 stood at Rs 220cr against Rs 133cr for the 9M period ended December 2020, up by 65.41% YoY. Its revenue for the current 9M period stood at Rs 6,053cr against Rs 4,448cr for the previous 9M period, reflecting a growth of 36% YoY.

“We are pleased to share that in the last 9 months, we have nearly achieved our full-year numbers of last fiscal. Our plans of expanding our footprint in the North American market continue to gain further momentum. We had ended last financial year with the contribution from North America at 8% of our topline which has now increased to 19% in the third quarter this year. The recent arrangement with Hanes Brands will further bolster our North American operations. We are excited about the opportunities that are unfolding in this geography,” commented on the company’s performance.

PDS Limited was last seen at Rs 1,821.40 against its previous closing price of Rs 1,797.65, up by Rs 23.75 or 1.32%. Its scrip touched an intraday high and low of Rs 1,890 and Rs 1,807 respectively.