Categories: Fashion

PDS Limited achieves highest-ever quarterly GMV in FY25 Q2

Published



October 31, 2024

Global fashion solutions and infrastructure business PDS Limited achieved its highest ever gross merchandise value of Rs 5,437 crore in the second quarter of the 2025 financial year. The company also reported its highest sales total during the quarter, representing 26% quarter on quarter growth.

Screenshot from PDS Limited’s website – PDS Limited

“As evident from our recent performance, we are back on track to achieve our long-term targets,” said PDS Limited’s executive vice chairman Pallak Seth in a press release. “During the quarter, we have witnessed strong growth across geographies, categories and service offering for our key customers. In the short term, steady interest rates and easing inflation across geographies increases our optimism. We remain vigilant, ready to adapt and refine our approach to stay resilient and responsive in a dynamic landscape.”
 
PDS Limited’s normalised earnings before interest, tax, depreciation, and amortisation totalled Rs 185 crore in the second quarter of the 2025 financial year, representing 52% growth and a margin of 6%. The business also saw its normalised profits after tax increase by 62% to total Rs 131 crore and expects to see this growth momentum continue.
 
“We’re thrilled at our growth trajectory which is a testament to the impact of our strategic initiatives and resilience of our business model,” said Group CEO Sanjay Jain. “Our expanding order book is a clear indicator of the momentum we are building. We anticipate continued profitability enhancements in the coming quarters, fuelled by operating leverage, new verticals reaching scale and unlocking growth potential, along with capitalising on strategic synergies. Our recent progress underscores our commitment to delivering sustainable, long-term profitable growth.” 

Copyright © 2024 FashionNetwork.com All rights reserved.

News Today

Recent Posts

Mark Robinson defeated in North Carolina governor’s race by Josh Stein

2024-11-06 14:05:03 North Carolina Attorney General Josh Stein defeated scandal-plagued Republican Lt. Gov. Mark Robinson…

3 mins ago

Election Day live updates: Trump wins Pennsylvania, GOP flips Senate : NPR

2024-11-06 13:55:02 North Carolina Attorney General Josh Stein speaks during a Get Out the Vote…

13 mins ago

Who are the Republicans: the Republican party and its many factions

2024-11-06 13:45:03 With the world’s oldest democracy voting to elect its 47th President, let us…

23 mins ago

Amendment 4 is rejected by Florida voters, keeping state’s 6-week abortion ban in place, CBS News projects

2024-11-06 13:35:02 Amendment 4 has been rejected by Florida voters in the 2024 election, CBS…

33 mins ago

Amendment 3 and 4 fail to pass

2024-11-06 13:25:03 While the nation is anxiously awaiting election results that will tell them who…

43 mins ago

Texas Sen. Ted Cruz wins a third term to the US Senate

2024-11-06 13:15:03 HOUSTON (AP) — Republican Sen. Ted Cruz of Texas won reelection Tuesday, defeating…

53 mins ago