| Market Cap | ₹5,093.25 CrTextiles Sector |
|---|---|
| P/E TTM | 43.33Sector PE 33.33 |
| Promoter Holding | 61.36%Stable holding |
| RSI | 52.9Neutral Momentum |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 4,432 | 3,444 | 3,419 |
| Other Income | 10.4 | 9.5 | 27.0 |
| Total Income | 4,443 | 3,453 | 3,446 |
| Profit Before Tax | 83.9 | 34.3 | 55.9 |
| Net Profit | 69.9 | 28.6 | 48.4 |
| Operating Margin | 1.9% | 1.0% | 1.6% |
| Net Profit QoQ | +144.4% | ||
| Net Profit YoY | +44.4% | ||
| Adj. Profit QoQ | +215.3% | ||
| Adj. Profit YoY | +160.6% | ||
Key highlights
- Net profit for Q2 FY27 stood at ₹69.9 crore, marking a 44.4% growth compared to the same period last year
- Consolidated revenue from operations increased to ₹4,432 crore from ₹3,419 crore in Q2 FY26
- Operating margin improved significantly to 1.9% in Q2 FY27, up from 1.0% in the preceding quarter
- The Board declared an interim dividend of ₹2.20 per share (110% of face value) with a record date of November 11, 2026
- The sourcing segment remained the primary revenue driver, contributing ₹4,270 crore to the consolidated top line
- Total comprehensive income for the quarter reached ₹82.1 crore on a consolidated basis
Revenue Surge Driven by Sourcing Scale
PDS Ltd witnessed a substantial expansion in its top line during the quarter ended September 30, 2026, with revenue from operations reaching ₹4,432 crore. This represents a significant climb from the ₹3,444 crore recorded in the previous quarter. Segmental data reveals that the Sourcing business remains the dominant engine of growth, contributing ₹4,270 crore to the total revenue.
This performance aligns with the company's previously stated US$330 million annual business potential from new client mandates, including Family Dollar and Pentland Brands, which were announced in August 2026 as part of their long-term growth pipeline.
Profitability Metrics and Operating Efficiency
The company reported a consolidated net profit of ₹69.9 crore for Q2 FY27, achieving a 44.4% year-on-year increase. More notably, profitability surged 144.4% sequentially from the ₹28.6 crore reported in Q1 FY27. This bottom-line growth was supported by an expansion in operating margins, which improved to 1.9% during the quarter.
Despite higher total expenses of ₹4,360 crore, the company maintained efficient cost management. The results reflect the ongoing execution of the 555 Strategy, which targets reaching US$3.5 billion in revenue and a 5% PAT margin over a five-year horizon as outlined in management guidance from June 2025.
Interim Dividend and Corporate Transitions
- Declaration of an interim dividend of ₹2.20 per equity share for the financial year 2026-27
- The record date for dividend eligibility has been fixed as Wednesday, November 11, 2026
- Resignation of Mr. BG Srinivas as Non-Executive Independent Director effective November 4, 2026
- The outgoing director cited pre-occupations and personal commitments as the reason for his departure
- Consolidated total assets reached ₹5,654.85 crore as of September 30, 2026, compared to ₹5,265.63 crore in March 2026
- Net cash generated from operating activities for the first half of FY27 stood at ₹456.75 crore
Director Resignation Confirmation
Mr. BG Srinivas has confirmed that there are no other material reasons for his resignation other than those stated in his resignation letter. The resignation letter dated November 4, 2026, as received, is enclosed herewith as Annexure II.
| Date | Announcement | Amount |
|---|---|---|
| 07 Aug 2026 | Q1 FY27 consolidated revenue from operations (PAT of Rs 29 crore)Source: BSE filing | ₹3,444.00 Cr |
| 15 May 2026 | Q4 FY26 consolidated revenue from operations (PAT of Rs 72 crore)Source: scanx.trade | ₹3,519.00 Cr |
| 10 Feb 2026 | Q3 FY26 consolidated revenue from operations (PAT of Rs 37 crore)Source: fiberyarnfabric.in | ₹3,173.00 Cr |
| 27 Oct 2025 | Q2 FY26 consolidated revenue from operations (PAT of Rs 30 crore)Source: NSE filing | ₹3,419.00 Cr |
| 31 Jul 2025 | Q1 FY26 consolidated revenue from operations (PAT of Rs 20 crore)Source: smestreet.in | ₹2,999.00 Cr |
| 09 Jun 2025 | Management guidance (555 Strategy: target $3.5B revenue, $5B GMV, and 5% PAT over 5 years)Source: NSE filing | – |
What to watch next
- Payment of the declared interim dividend following the November 11, 2026 record date
- Progress update on the US$330 million annual business potential from new client mandates announced in August 2026
- Implementation of the 555 Strategy targeting $3.5 billion revenue and 5% PAT margin over five years
- Appointment of a new Independent Director to fill the vacancy in the Audit Committee
“The Record Date for the purpose of determining the entitlement of the Shareholders for the Interim Dividend has been fixed as Wednesday, November 11, 2026.”
| Share price | ₹360 |
|---|---|
| Market capitalisation | ₹5,093.25 Cr |
| Revenue (annual) | ₹13,110.08 Cr |
| Net profit (annual) | ₹111.69 Cr |
| Revenue (latest quarter) | ₹3,443.72 Cr-2.14% vs previous quarter |
| Net profit (latest quarter) | ₹18.83 Cr-61.60% vs previous quarter |
| P/E (TTM) | 43.33×Sector 33.33× |
| Promoter holding | 61.36%-0.01% QoQ |
| FII holding | 4.13%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by PDS Ltd announcing the unaudited financial results for the quarter and half-year ended September 30, 2026. Market figures from a third-party data provider.
