PDS Multinational Fashions Ltd, 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 its financial results for Q2 & H1FY22.
Revenues from operations stood at Rs2,195cr in Q2FY22 as compared to Rs1,856cr in Q2FY21; yoy growth of 18%. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) was Rs84cr (3.8%) vs Rs35cr (1.9%) in Q2FY21. Reported EBIT of Rs78cr against Rs29cr in Q2FY21 (growth of 168%).
The company posted Profit After Tax (PAT) of Rs67cr vs Rs18cr in Q2FY21. The Company’s PAT margin expanded to 3.0% vs 1.0% in Q2FY21. Basic Earnings per share (EPS) during Q2 FY22 stood at Rs19.83. The Company clocked ROCE’s of 30% and ROE’s of 34% in Q2FY22.
Post the Q2 earnings, the company stock ended at Rs1434.00 per piece up Rs61.95 or 4.52% on the BSE.
Revenues from operations stood at Rs3,821cr in H1FY22 as compared to Rs2,822cr in H1FY21; yoy growth of 35%. EBITDA margin stood at 3.1% vs 2.0% in H1FY21. Reported EBIT of Rs144cr against Rs46cr in H1FY21 (growth of 214%)
The company’s PAT stood at Rs126cr vs Rs20cr in H1FY21. The company’s PAT margin expanded to 3.3% vs 0.7% in H1FY21. Basic EPS during H1FY22 stood at Rs40.52 (vs full year FY21 EPS of Rs32.37).
Pallak Seth, Vice Chairman, PDS Multinational Fashions Limited commented “Being a truly global enterprise, we persitently endeavour to further strengthen the platform. As a step in this direction, we are also pleased to welcome Mr. Mungo Park and Mr. Robert Sinclair on the Board of Directors who bring along decades of global experience, enriching the PDS platform. Moreover, PDS is consciously working towards circularity. We are happy to announce that PDS is now a member of the Sustainability Apparel Coaliation (SAC), a global, multi-stakeholder non-profit alliance for the fashion industry.”
Sanjay Jain, Group CEO, PDS Multinational Fashions Limited said, “We are truly excited to have reported our strongest quarterly performance in the last 5 years with a topline of Rs2,195cr. In line with our strategy to expand beyond the predominant markets of UK and Europe, we have deepened our presence in the North American markets with H1FY22 achieving ~90% of full year FY21 sales.”