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

> PDS Limited posted record Q2 FY27 revenue of ₹4,432 crore, up 29.6%, with profit after tax rising 44.2% to ₹70 crore and a net cash positive position of ₹154 crore.

- Published: 2026-11-05T09:16:18+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-05/pds-record-q2-fy27-revenue
- Source: [B2B Marketplace](https://www.fibre2fashion.com/news/textile-news/india-s-pds-posts-record-468-mn-revenue-in-q2-fy27-314824-newsdetails.htm)

## Key takeaways

- PDS Limited reported record quarterly revenue of ₹4,432 crore in Q2 FY27, a 29.6% year-on-year increase.
- Profit after tax rose 44.2% to ₹70 crore and EBITDA increased 48.7% to ₹153 crore.
- PDS declared an interim dividend of ₹2.20 per share, a 33% increase, and reached a net cash positive position of ₹154 crore.

[PDS](https://akta.pro/company-profiles/0002boh/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](https://www.fibre2fashion.com/news/textile-news/india-s-pds-posts-record-468-mn-revenue-in-q2-fy27-314824-newsdetails.htm) 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](https://akta.pro/company-data), 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](https://akta.pro/news-signals) 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.

## Companies in this story

- [PDS company profile](https://akta.pro/company-profiles/0002boh/pds) · website: https://pdsltd.com

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