| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 3.2K | 7.2% | 1.5% |
| Total Income | 3.2K | 7.8% | 1.4% |
| Expenditure | 3.1K | 7.7% | 1.5% |
| PBT | 45.74 | 16.4% | 4.4% |
| Net Profit | 37.05 | 23.5% | 12.7% |
| OPM | 3.45% | 0.44pp | 4.02pp |
| NPM | 1.17% | 0.24pp | 0.21pp |
| EPS | 1.39 | 34.7% | 21.5% |
PDS Limited Reports Q3 & 9M FY26 Financial Results with 7% Revenue Growth
10 Feb 2026 · 10 Feb, 8:52 pm
Summary
PDS Limited, a global supply chain solutions company, announced its consolidated financial results for the quarter and nine months ended December 31, 2025. Despite external volatility, the company improved its net working capital, generated significant operating cash flow, and reduced net debt. The company also expects benefits from recently signed trade deals and tariff reductions.
Key Highlights
- 1
Net Working Capital improved from ~17 days to ~7 days over the last 9 months
- 2
Generated ₹644cr operating cash flow in 9M
- 3
Net Debt reduced from ₹374cr (Mar’25) to ₹70 cr (Dec’25)
- 4
Benefits expected from recently signed EU-India trade deal, UK FTA & US Tariff reductions in India (Knit Gallery) & Bangladesh
Management Comments
Pallak Seth
Executive Vice Chairman
The global apparel landscape continues to be shaped by evolving trade dynamics, sourcing realignments and shifting customer priorities. Demand trends are exhibiting gradual and uneven stabilisation across key markets, with customer buying behaviour remaining cautious. Benefits from the EU trade agreement, UK FTA & reduced US tariffs on India & Bangladesh are expected to unfold progressively, the acquisition of Knit Gallery & our diversified sourcing operations position us well to capture these opportunities.
Sanjay Jain
Group CEO
In a period marked by external volatility, we remain focused on strengthening operational effectiveness across the organisation. We have undertaken strategic actions to optimise costs at both the platform and business levels, reinforcing our commitment to building a resilient and cost-efficient PDS. By concentrating on high-impact areas and streamlining underperforming verticals, we are enabling sustainable growth while building a stronger, future-ready organisation focused on enhancing long-term profitability.
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