Indian firm PDS Limited's GMV soars 25% in FY24

PDS Limited's earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹4.02 billion, reflecting an EBITDA margin of 3.9 per cent. On a normalised basis, EBITDA was ₹5.02 billion, translating into a margin of 5 per cent, up from 4.7 per cent the previous year, after accounting for investments in growth, the company said in a press release.

The company invested approximately ₹1 billion in growth and capability expansion during the year. Profit After Tax (PAT) amounted to ₹2.03 billion, with a margin of 2.0 per cent.

In the fourth quarter of FY24 (Q4 FY24), PDS Limited continued its growth trajectory with a 19 per cent increase in GMV to ₹45.26 billion. The consolidated topline for the quarter rose by 25 per cent to ₹32.15 billion. EBITDA for Q4 FY24 was ₹1.24 billion, marking a 66 per cent increase from the previous quarter, with the EBITDA margin improving from 2.9 per cent to 3.8 per cent. On a normalised basis, EBITDA was ₹1.57 billion, resulting in a margin of 5.1 per cent, up from 4.2 per cent in the previous quarter, post-investment in growth. PAT for the fourth quarter surged by 157 per cent to ₹650 million, with a margin of 2 per cent, compared to 1 per cent in the previous quarter.

"As we reflect on our performance for both Q4 FY24 and the fiscal year as a whole, it's evident that our journey has been marked by challenges amidst an environment of tepid demand. However, we are encouraged by the uptick in growth witnessed during the final quarter of the year. Looking ahead, our focus is squarely set on maximising returns from the strategic investments made, with a keen emphasis on fostering synergies across our operations. We remain dedicated to unlocking the full potential of the PDS platform and leveraging synergies to drive sustainable growth in the years to come," said Sanjay Jain, Group CEO.

Fibre2Fashion News Desk (DP)