PDS Limited — Important, 28-01-2025: Updates

The Board of Directors of PDS Limited has approved the unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2024. Consolidated revenue from operations for the quarter reached ₹3124.88 crore, reflecting a 21% increase compared to the previous year. Additionally, the consolidated profit for the period stood at ₹424.52 crore, with a PAT of ₹674.60 crore for the nine-month period.

The company is expanding its manufacturing footprint by acquiring a 55% equity stake in Knit Gallery India Private Limited. This strategic acquisition aims to enhance manufacturing capabilities and operational efficiency in India. The indicative combined turnover and PAT for Knit Gallery during FY2023-24 are expected to be ₹287.80 crore and ₹17.86 crore, respectively. Alongside this, PDS has issued a corporate guarantee of approximately ₹1206.95 crore (USD 14 million) to Standard Chartered Bank as security for an import trade finance facility for its subsidiaries.

In summary, PDS Limited is focusing on strategic growth through acquisitions and effective financial management, indicating a positive outlook for shareholders.