India’s leading apparel sourcing company PDS Multinational Fashions Ltd. has announced its financial results for Q2 & H1FY22.
Its revenues from operations stood at Rs. 2,195 crore as compared to Rs. 1,856 crore in Q2 FY21 – Y-o-Y growth of 18 per cent. This is company’s strongest quarterly performance in the last 5 years (top line).
Similarly, Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) was Rs. 84 crore (3.8 per cent) versus Rs. 35 crore (1.9 per cent) in Q2FY21.
The company’s Profit After Tax (PAT) margin expanded to 3 per cent versus 1 per cent in Q2FY21, as PAT was Rs. 67 crore versus Rs.18 crore in Q2FY21.
Revenues from operations stood at Rs. 3,821 crore as compared to Rs. 2,822 crore in H1 FY21 – Y-o-Y growth of 35 per cent.
Pallak Seth, Vice Chairman of the company said, “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 Mungo Park and Robert Sinclair on the Board of Directors who bring along decades of global experience, enriching the PDS platform.”
Sanjay Jain, Group CEO of the company commented on the results, “We are truly excited to have reported our strongest quarterly performance in the last 5 years with a top line of Rs. 2,195 crore. 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 per cent of full year FY21 sales.”
