PDS Limited Divests Entire Stake in Bangladesh Subsidiary Grupo Sourcing Limited
PDS Limited has sold its entire stake in Grupo Sourcing Limited, a Bangladesh-based step-down subsidiary, for ₹21.26 million. The sale, completed on August 12, 2025, is part of PDS's strategy to improve profitability by addressing loss-making verticals. Grupo Sourcing contributed 0.28% to PDS's consolidated turnover but reported losses. The buyers are the existing business head and his family members. This divestment aligns with PDS Group's efforts to streamline operations and focus on more profitable ventures.
PDS Limited, a global fashion infrastructure company, reported a 14% year-over-year revenue growth to ₹2,999.00 crores for Q1. GMV increased by 19% to ₹4,634.00 crores, while gross margins declined by 139 basis points to 19.4%. EBITDA was ₹51.00 crores with a 1.7% margin, and PAT stood at ₹20.00 crores. The company faced margin pressures due to market disruptions and customer bankruptcies. Strategic initiatives include cost optimization with BCG, diversification of sourcing, customer expansion in the U.S., and AI-driven technology adoption. Management expects continued margin pressures in H1 but anticipates recovery in H2.
PDS Limited, a global fashion infrastructure company, reported a 14% year-on-year increase in Q1 revenue to ₹2,999.00 crore, despite macroeconomic challenges. The company's Gross Merchandise Value (GMV) grew by 19% to ₹4,634.00 crore. However, EBITDA decreased by 31% to ₹51.00 crore, and Profit After Tax (PAT) fell by 35.5% to ₹20.00 crore. PDS announced a comprehensive recovery strategy, including a BCG-driven cost-cutting initiative targeting ₹60.00 crore in annual savings, 50% reduction in new investments, and a focus on profitability across all business areas. The confirmed order book grew by 8% to ₹5,200.00 crore, and operating cash flow improved to ₹256.00 crore from a negative ₹37.00 crore in the previous year.
PDS Limited announced Q1 financial results with a 14% year-over-year revenue increase to ₹2,999.00 crore and a 19% rise in Gross Merchandise Value to ₹4,634.00 crore. However, profitability declined with EBITDA falling 31% to ₹50.50 crore and net profit decreasing 36% to ₹13.00 crore. Gross margin compressed by 139 basis points to 19.4%. The company maintained a healthy order book of ₹5,200.00 crore, up 8% year-over-year. Management remains focused on cost optimization and long-term growth strategies despite current macroeconomic challenges.
31Jul 25
PDS Limited Expands US Presence with New Subsidiary and Issues Employee Stock Options
PDS Limited has incorporated Design Arc LLC, a new subsidiary in Delaware, USA, to strengthen its presence in the North American fashion and apparel market. The company also approved the allotment of 10,000 equity shares under its Employee Stock Option Plan 2021 - Plan A, demonstrating commitment to employee retention. Following the allotment, PDS Limited's total number of equity shares increased to 14,13,49,633.
10Jul 25
PDS Limited Secures 60% Stake in GSC Link Limited, Expanding Its Global Footprint
PDS Limited has acquired a 60% ownership stake in GSC Link Limited (GSCL) through its subsidiary PDS Sourcing Limited. The acquisition became effective from July 1, 2025, following regulatory approvals in Hong Kong. GSCL is now a step-down subsidiary of PDS Limited. The company disclosed this information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
10Jul 25
PDS Limited Acquires 60% Stake in GSC Link Limited, Expanding Global Presence
PDS Limited has completed the acquisition of a 60% equity stake in GSC Link Limited (GSCL) through its step-down subsidiary PDS Sourcing Limited. The acquisition, announced on July 1, 2025, received regulatory approval in Hong Kong on July 10, 2025, making GSCL a step-down subsidiary of PDS Limited. This strategic move is expected to enhance PDS Limited's market presence, particularly in Hong Kong, and strengthen its global sourcing and supply chain network.
01Jul 25
PDS Subsidiary to Acquire 60% Stake in Hong Kong Apparel Firm for $1.2 Million
PDS Limited's subsidiary, PDS Sourcing Limited (Mauritius), is set to acquire a 60% stake in GSC Link Limited, a Hong Kong-based apparel firm, for $1.20 million. The acquisition is scheduled for July 1 and aims to strengthen PDS's global presence, enhance sourcing capabilities, and expand its footprint in the Hong Kong market.
13May 25
PDS Subsidiary Expands to Mauritius, Acquires Majority Stake in Knit Gallery India
PDS Limited's subsidiary, Nexstyle Apparel Manufacturing Ltd, has established a new entity in Mauritius and acquired a 55% stake in Knit Gallery India Pvt Ltd. The Mauritius expansion aims to strengthen PDS's presence in African markets, while the Indian acquisition bolsters its position in the textile and apparel manufacturing sector. These strategic moves demonstrate PDS's commitment to growth, diversification, and enhancing its global fashion infrastructure.
09Apr 25
PDS Limited Divests Entire Stake in Digital Ecom Techno for ₹87.86 Crore
PDS Limited has agreed to sell its entire 42.14% stake in Digital Ecom Techno Private Limited to Aapt Outsourcing Solutions Private Limited for ₹87.86 crore. The deal includes equity sale, preference shares redemption, and trademark transfer. The transaction is expected to complete within 365 days and is not anticipated to significantly impact PDS Limited's financial position.
27Mar 25
PDS Limited to Invest ₹442.5 Crore in NexStyle Apparel Manufacturing, Expanding Manufacturing Footprint
PDS Limited has approved a ₹442.50 crore investment in its wholly-owned subsidiary, NexStyle Apparel Manufacturing Limited, through a rights issue. The investment aims to expand PDS Group's manufacturing footprint in India and internationally. The transaction is set to complete by April 30, 2025. Additionally, the Board approved the continuation of Dr. Deepak Kumar Seth as Non-Executive Non-Independent Director and Chairman, subject to shareholder approval.