PDS Multinational Fashions outperforms after declaring positive results

On Wednesday, PDS Multinational Fashions Ltd, a leading global plug and play design-led platform, has announced its financial results for Q1 FY22.

Key performance highlights (Q1 FY22 vs Q1 FY21) (Consolidated):

• Revenues from operations stood at Rs 1,626 crore as compared to Rs 967 crore in Q1 FY21; Y-o-Y growth of 68 per cent

• Gross margins expanded from 16.7 per cent to 17.3 per cent in Q1FY22

• Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) margin stood at 2.1 per cent in Q1FY22 vs 1.6 per cent in Q1FY21

• EBIT stands at Rs 66 crore in Q1FY22, as against Rs 17 crore in Q1FY21

• Profit After Tax (PAT) stood at Rs 59 crore for Q1FY22 as against Rs 2 crore in Q1FY21.

• The Company’s PAT margin expanded to 3.6 per cent vs 0.2 per cent in Q1FY21

• Basic Earnings per share (EPS) during Q1FY22 stood at Rs 20.69 (vs full year FY21 EPS of Rs 32.37)

• The Company clocked ROCE’s of 33 per cent and ROE’s of 29 per cent in Q1 FY22

PDS Multinational Group manages supply chains for major brands and retailers worldwide. The group operates a vast global network covering over 31 offices, 18 countries and over 2,300 employees across Europe, North America, Middle East and Asia.In addition to the broad range and diversity of consumer products available through its extensive international sourcing network, PDS Multinational Group has strength and expertise in custom product design and development to provide total global sourcing solutions for its customers.

In Thursday's trading session, the share of the company closed at Rs 1,404, which is up by 3.47 per cent on BSE.