PDS Limited Reports Record Q2 FY27 Revenue of ₹4,432 Crore as Profit Jumps 44.2%

PDS Limited reported its highest-ever quarterly revenue of ₹4,432 crore ($468 million) in the second quarter of fiscal 2026–27, a 29.6% year-on-year increase, B2B Marketplace reported on November 5, 2026. Profit after tax rose 44.2% to ₹70 crore ($7.4 million), and EBITDA increased 48.7% to ₹153 crore (~$16.2 million).

PDS Profit and Margin Growth in Q2 FY27

Revenue from operations rose 28.7% quarter on quarter from ₹3,444 crore ($364 million) in Q1 FY27, while EBITDA grew 59.3% from ₹96 crore ($10.1 million). The EBITDA margin improved to 3.5% from 2.8% in the preceding quarter, an expansion of 66 basis points. PAT surged 144.4% sequentially from ₹29 crore (~$3.1 million), with the PAT margin improving to 1.6% from 0.8%.

For H1 FY27, consolidated revenue increased 22.7% year on year to ₹7,876 crore ($832 million) from ₹6,419 crore ($678 million). EBITDA rose 62.3% to ₹249 crore ($26.3 million), with the margin expanding by 77 basis points to 3.2%, and PAT grew 43.8% to ₹98 crore ($10.4 million).

Pallak Seth, executive vice chairman, said: "Q2 FY27 marks a defining quarter for PDS, with our highest-ever quarterly revenue delivered alongside margin expansion." Sanjay Jain, group chief executive officer, said disciplined cash management and tighter working capital controls moved the company to a net cash positive position of ₹154 crore ($16.3 million), with net working capital improving to minus five days. PDS declared an interim dividend of ₹2.20 ($0.02) per share, a 33% increase over the previous year.

PDS Balance Sheet and Digital Roadmap

According to akta.pro company records, PDS is a Mumbai-headquartered sourcing and manufacturing platform serving brands and retailers across 24 or more countries, with gross merchandise value above $2.5 billion and working capital limits above $600 million. The same records list a $51.2 million post-IPO equity round in August 2024.

Jain said PDS has begun executing its digital and AI transformation roadmap, which the company expects to lift productivity and enhance operating leverage.

PDS Deals Preceding the Results

On October 21, 2026, PDS Sourcing Limited acquired the remaining 49% equity stake in DBS Lifestyle Limited, Hong Kong, for $4,900 in cash, effective October 20, 2026, making the entity a wholly owned step-down subsidiary, ScanX reported. On October 9, 2026, subsidiary Northern Apparel Limited, HK, divested its full stake in Northern Brands UK to Northern Apparel UK on October 8, 2026, for £1, ScanX reported. On September 22, 2026, PDS incorporated Design COE Canada Inc. in Ontario on September 21, 2026, as a wholly owned subsidiary of its Hong Kong-based Design COE Limited, ScanX reported.

PDS Dividend and Portfolio Next Steps

PDS declared the interim dividend of ₹2.20 per share alongside the results. Jain said portfolio rationalisation is on track and the company is making steady progress in taking its newer investments towards profitability.