PDS Limited — Investor Meet, 03-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

PDS Limited reported Q2 FY26 revenue of ₹3,419 Cr and H1 revenue of ₹6,419 Cr, up 14% QoQ and 8% YoY respectively. H1 PAT was ₹68 Cr, with Q2 PAT at ₹48 Cr. Gross margins expanded to 19.9% in Q2, and EBITDA rose to 3%. Cash flow from operations was ₹593 Cr in H1, cutting net working capital days from 17 to 6. The order book is strong at ₹5,300 Cr, up 15% YoY. Management is focused on profitability, cost optimization, and leveraging new client additions in the US for significant FY27 growth, indicating a confident outlook despite some short-term pressures.