Mumbai, 28th October 2025: PDS Limited, the global supply chain solutions company offering customized solutions to global brands and retailers across services like product development, sourcing, manufacturing, and brand management, announced its consolidated financial results for the quarter and half year ended September 30, 2025.
Consolidated Financial Results Q2FY26 and H1FY26:
(₹ in crs, unless mentioned otherwise)
| Particulars | Q2 FY26 | Q1 FY26 | Growth | H1 FY26 | H1 FY25 | Growth |
| Gross Merchandise Value | 5,467 | 4,634 | 18% | 10,101 | 9,335 | 8% |
| Revenue from Operations | 3,419 | 2,999 | 14% | 6,419 | 5,927 | 8% |
| Gross Profit | 680 | 582 | 17% | 1,262 | 1,193 | 6% |
| EBITDA | 103 | 51 | 104% | 154 | 213 | -31% |
| PAT | 48 | 20 | 142% | 68 | 116 | -41% |
Commenting on the results, Pallak Seth, Executive Vice Chairman said, “Our results demonstrate that sustainable growth is achieved through focus, efficiency, and disciplined execution. Our growth journey is centered on strengthening and expanding the potential of our existing businesses and partnerships, with no new investments at this stage. By sharpening our focus on execution, leveraging synergies, and fostering collaboration across our global network, we are building a stronger, more efficient, and purpose-driven PDS — one that grows sustainably and responsibly while upholding the highest standards of governance.”
Sanjay Jain, Group CEO, further added “We continue towards our commitment of building a resilient, cost-efficient PDS. Our focus remains on driving operational excellence across our core business verticals, which is starting to show in our results, with optimized working capital and reduced net debt levels. By focusing on high-impact areas and streamlining underperforming verticals, we are enabling responsible growth and building a future-ready organization scaling towards enhancing profitability.”
Business Highlights
- Order Book: ₹5,308 crore as of early October 2025 — up 15% YoY, indicating steady business momentum amid global macroeconomic headwinds.
- Working Capital Efficiency: Net working capital days improved from 17 days (March 2025) to 6 days (September 2025), driving cash flow from operations of ₹593 crore.
- Dividend: The Board of Directors approved an interim dividend of ₹1.65 per share, consistent with last year.
