PDS Multinational Fashions Ltd Reported H1 FY22 Revenue of ₹3,821cr (with 35% growth) and PAT of ₹126cr
Mumbai, 09th November 2021: 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 & H1 FY22.
Key performance highlights (Q2 FY22 vs Q2 FY21) (Consolidated):
Ø Revenues from operations stood at ₹2,195 crores as compared to ₹1,856 crores in Q2 FY21; y-o-y growth of 18%
Ø Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) was ₹84 crores (3.8%) vs ₹35 crore (1.9%) in Q2 FY21
Ø Reported EBIT of ₹78 crores against ₹29 crores in Q2 FY21 (growth of 168%)
Ø Profit After Tax (PAT) of ₹67 crore vs ₹18 crore in Q2 FY21. The Company’s PAT margin
expanded to 3.0% vs 1.0% in Q2 FY21
Ø Basic Earnings per share (EPS) during Q2 FY22 stood at ₹19.83
Ø The Company clocked ROCE’s of 30% and ROE’s of 34% in Q2 FY221
Key performance highlights (H1 FY22 vs H1 FY21) (Consolidated):
Ø Revenues from operations stood at ₹3,821 crores as compared to ₹2,822 crores in H1 FY21; y-o-y growth of 35%
Ø EBITDA margin stood at 3.1% vs 2.0% in H1 FY21
Ø Reported EBIT of ₹144 crores against ₹46 crores in H1 FY21 (growth of 214%)
Ø PAT stood at ₹126 crore vs ₹20 crore in H1 FY21. The Company’s PAT margin expanded to 3.3% vs 0.7% in H1 FY21
Ø Basic EPS during H1 FY22 stood at ₹40.52 (vs full year FY21 EPS of ₹32.37)
1 ROCE based on Net Capital Employed and on TTM figures; EBIT includes other income emanating from capital employed
Mr. Pallak Seth, Vice Chairman, PDS Multinational Fashions Limited commented “Being a truly global enterprise, we persistently 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 Coalition (SAC), a global, multi-stakeholder non-profit alliance for the fashion industry.”
Commenting on the results, Mr. 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 ₹2,195 crores. 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 H1 FY22 achieving
~90% of full year FY21 sales.”
“PDS is leveraging its robust platform to propel into the next growth phase. On one hand, we are strategizing the way forward through unlocking potential in untapped geographies & categories, building teams, collaborating with marquee customers, increasing wallet share of existing customers and strengething the vendor network. On the other hand, we are transforming from being just a “fashion” company to a truly digital platform providing ESG compliant end-to-end solutions with sustainability at its core.”, Mr. Jain, further added.
Moreover, PDS continues to broaden its reach to major markets by strengthening the vendor network in strategic locations such as Vietnam which provides integrated solution and Turkey that benefits from shorter lead times. Additionally, in Sri Lanka, PDS through its subsidiary entered into a strategic exclusive partnership with two manufacturing facilities for the production of baby and kidswear catering to markets in North America and Europe.
PDS has recently launched an organic kidswear brand in India, Turtledove London, a responsibly created stylish unisex clothes for children, in a digital first format in association with Firstcry.com and turtledovelondon.co.in