PDS Limited — Updates, 28-01-2025: Press Release

PDS has reported strong financial results for Q3 and the first nine months of FY25, achieving a topline growth of 21% and a remarkable 66% growth in PAT for Q3. The company's revenue rose to ₹3,125cr compared to ₹2,580cr in Q3 FY24, while the nine-month revenue reached ₹9,052cr, reflecting a 26% year-on-year increase. A key highlight is the strategic acquisition of a 55% stake in Knit Gallery India Pvt Ltd for ₹41cr, aimed at enhancing manufacturing capabilities and diversifying sourcing in India, which is becoming increasingly vital in the global textile industry. This acquisition enables access to a robust production capacity of over 40 million pieces per year and aligns with PDS's strategy to mitigate geopolitical risks. With a healthy order book of $425 million and strong growth in North America, PDS continues to position itself for sustained growth, showcasing a positive outlook for future performance.