PDS Multinational Fashions, based in India, has posted its best quarterly performance in the previous five years, with a top line of Rs. 2,195 crore
10 November 2021, Mumbai:
PDS Multinational Fashions Ltd., India's premier clothing sourcing firm, has released its financial results for Q2 and H1FY22. Its operating sales were Rs. 2,195 crore in Q2 FY21, up 18% year on year from Rs. 1,856 crore in Q2 FY20.
This is the company's best quarterly result in the previous five years (top line).
Similarly, EBITDA (earnings before interest, taxes, depreciation, and amortisation) was Rs. 84 crore (3.8%) in Q2FY21 compared to Rs. 35 crore (1.9%) in Q2FY20. The company's profit after tax (PAT) margin increased to 3% in Q2FY21 from 1% in Q2FY21, with PAT of Rs. 67 crore compared to Rs.18 crore in Q2FY21.
Revenues from operations were Rs. 3,821 crore in H1 FY21, up 35% from Rs. 2,822 crore the previous year.
"As a genuinely global firm, we continually strive to further develop the platform," stated Pallak Seth, the company's Vice Chairman. We are particularly thrilled to welcome Mungo Park and Robert Sinclair to the Board of Directors, who bring decades of worldwide expertise to the PDS platform, as a step in this direction."
"We are extremely thrilled to have delivered our greatest quarterly performance in the previous 5 years with a top line of Rs. 2,195 crore," said Sanjay Jain, the company's Group CEO.
We have strengthened our position in North American markets, attaining 90% of full-year FY21 revenues, in accordance with our aim to grow outside the dominating markets of the UK and Europe."
