| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 3.5K | 10.9% | 0.2% |
| Total Income | 3.5K | 11.7% | 0.3% |
| Expenditure | 3.5K | 10.7% | 0.5% |
| PBT | 80.09 | 75.1% | 4.5% |
| Net Profit | 72.10 | 94.6% | 3.3% |
| OPM | 3.47% | 0.02pp | 0.48pp |
| NPM | 2.03% | 0.86pp | 0.08pp |
| EPS | 3.47 | 149.6% | 21.3% |
PDS Ltd FY26 PAT Up 88% Q-o-Q
15 May 2026 · 15 May, 8:51 pm
Summary
PDS Limited announced its consolidated financial results for Q4 and FY 2025-26, reporting a Q4FY26 consolidated topline of ₹3,519 crores, up 11% Q-o-Q, and Profit After Tax (PAT) of ₹72 crores, up 95% Q-o-Q. For the full fiscal year 2026, the consolidated topline reached ₹13,110 crores, growing 4% Y-o-Y, while gross margin improved by 48 basis points to 20.6%. Despite facing global uncertainties, PDS demonstrated platform resilience, delivered stable growth, improved net working capital, and significantly reduced net debt to ₹105 crores. Executive Vice Chairman Pallak Seth highlighted strengthened U.S. presence and a new sourcing-as-a-service mandate, expressing confidence in the company's position to capitalize on emerging trade tailwinds through technology and AI integration.
Key Highlights
- 1
PDS Limited reported a Consolidated Topline of ₹3,519 crores for Q4FY26, marking an 11% growth Q-o-Q.
- 2
For the full FY26, the Consolidated Topline stood at ₹13,110 crores, an increase of 4% Y-o-Y.
- 3
Profit After Tax (PAT) for Q4FY26 achieved ₹72 crores, demonstrating a robust 95% growth Q-o-Q with a 2% margin.
- 4
The Gross margin for FY26 improved by 48 basis points, reaching 20.6%.
- 5
PDS's order book as of early April stood at ₹5,074 crores, reflecting an 11% increase.
- 6
Net Debt was significantly reduced from ₹374 crores in March 2025 to ₹105 crores in March 2026.
- 7
The company proposed a dividend of ₹3.30 per share for FY26, with an interim dividend of ₹1.65 per share already paid in H1FY26.
Management Comments
Pallak Seth
FY26 was a challenging year marked by heightened global uncertainties — from evolving U.S. tariff actions and geopolitical conflicts creating persistent trade and supply chain disruptions — all of which weighed on consumer sentiment and demand visibility. Against this backdrop, PDS demonstrated the resilience of its platform by delivering stable growth, supported by deep customer relationships & disciplined execution through our diversified sourcing network. We continued to strengthen our U.S. presence, secured a new sourcing-as-a-service mandate with a new value customer having a potential to scale over US$50 million, alongside deeper engagement with existing customers. As global sourcing corridors continue to evolve, PDS remains well positioned to benefit from emerging trade tailwinds, while simultaneously strengthening its competitive advantage through deeper integration of technology and AI across the value chain.
Informational and educational content only. Not investment advice.