| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 3.1K | 5.5% |
| Total Income | 3.1K | 5.5% |
| Expenditure | 3.1K | 4.1% |
| PBT | 47.87 | 52.7% |
| Net Profit | 42.45 | 54.4% |
| OPM | -0.57% | 1.49pp |
| NPM | 1.38% | 1.42pp |
| EPS | 1.77 | 66.7% |
PDS Reports Q3 FY25 and 9M FY25 Results: Topline Growth of 21% and PAT Growth of 66% in Q3; Announces Strategic Acquisition of Manufacturing Business in India
29 Jan 2025 · 29 Jan 2025, 01:51 am
Summary
PDS Limited has reported its financial results for Q3 and 9M FY25, showcasing a 21% year-on-year growth in revenue from operations and a 66% growth in profit after tax (PAT) in Q3. The company also announced a strategic acquisition of a 55% stake in Knit Gallery India Pvt Ltd, a Tirupur based manufacturer and exporter of high-quality apparels, for an equity consideration of X41cr. The acquisition is expected to strengthen PDS's position in the Indian textile and apparel market and contribute to the industry's growth.
Key Highlights
- 1
PDS reported a topline growth of 21% and PAT growth of 66% in Q3 FY25.
- 2
PDS announced a strategic acquisition of a 55% stake in Knit Gallery India Pvt Ltd for X41cr.
- 3
Knit Gallery India Pvt Ltd is a Tirupur based manufacturer and exporter of high-quality apparels with a production capacity of +40mn pieces per year.
- 4
The acquisition is expected to strengthen PDS's position in the Indian textile and apparel market and contribute to the industry's growth.
- 5
PDS demonstrated sustained growth momentum in 9M FY25, achieving a topline of X9,052cr, reflecting a 26% year-on-year growth.
Management Comments
Pallak Seth
Executive Vice Chairman
This acquisition marks a significant step in enhancing our manufacturing capabilities in India while leveraging it to drive greater sourcing opportunities. Our strong sourcing foundation is complemented by our state-of-the-art manufacturing facilities in Bangladesh and Sri Lanka, which uphold the highest standards of sustainability and compliance. With this strategic addition, we are not only strengthening our garment manufacturing expertise but also reaffirming our commitment to the Make in India initiative and advancing the future of sustainable manufacturing.
Sanjay Jain
Group CEO
Our Q3 and 9M FY25 results highlight PDS’s ability to navigate a dynamic global landscape while maintaining strong growth momentum. The acquisition of a majority stake in Knit Gallery India Pvt Ltd is a key milestone, strengthening our manufacturing capabilities and solidifying India’s strategic role in our operations. Alongside this, our collaboration with BCG on cost optimization and operational efficiencies reinforces our focus on scaling sustainably. With robust growth in North America and a strong order book of $425 million, we remain committed to driving sustainable value creation, fostering innovation, and enhancing synergies across our operations to deliver excellence to our stakeholders.
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