PDS Limited

The key equity barometers continued to trade with decent gains in early-afternoon trade. The Nifty traded a tad above the 22,900 level. Media shares extended gains for the second consecutive trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex, advanced 161.36 points or 0.21% to 75,463.90. The Nifty 50 index added 71.15 points or 0.31% to 22,905.45. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 1.79% and the S&P BSE Small-Cap index added 1.80%. The market breadth was strong. On the BSE, 2,928 shares rose and 938 shares fell. A total of 144 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.96% to 13.34. The Nifty 27 March 2025 futures were trading at 22,955, at a premium of 49.55 points as compared with the spot at 22,905.45. The Nifty option chain for the 27 March 2025 expiry showed a maximum call OI of 61.4 lakh contracts at the 23,000 strike price. Maximum put OI of 81.8 lakh contracts was seen at 22,500 strike price. Buzzing Index: The Nifty Media index rose 1.12% to 1,496.80. The index jumped 4.78% for the second consecutive trading sessions. Network 18 Media & Investments (up 3.92%), Hathway Cable & Datacom (up 3.65%), Den Networks (up 3.17%), PVR Inox (up 2.15%) and Dish TV India (up 1.8%), Nazara Technologies (up 1.54%), Saregama India (up 1.04%), Sun TV Network (up 0.74%), Zee Entertainment Enterprises (up 0.35%) and Tips Music (up 0.32%) advanced. Stocks in Spotlight: PDS added 1.11% after the company has announced that its associate company, Pangram Celebrity Brands, has incorporated a new wholly owned subsidiary in India, named Kontemporary Koncepts, effective from 18 March 2025. KPI Green Energy rose 4.15% after the company secured a Rs 272 crore final sanction from the national bank for financing infrastructure and development (NaBFID) to fund a 50 MW hybrid project in Bharuch, Gujarat, with 75.2 MWp solar and 16.95 MW wind capacity.Powered by Capital Market - Live

The primary objective of this incorporation is to expand the business by focusing on the manufacturing and distribution of apparel and consumer goods. The subsidiary will engage in designing and manufacturing clothing apparel, including launching brands associated with apparel for clients in India and abroad, along with other related activities. The cost of incorporation is Rs 28,700, with a shareholding percentage of 28.70%. The transaction was completed on a cash consideration basis. PDS is a global fashion infrastructure company offering product development, sourcing, manufacturing and distribution for major brands and retailers worldwide. The official announcement was made on 18 March 2025, after market hours. The company's consolidated net profit surged 70.4% to Rs 24.85 crore in Q3 FY25 from Rs 14.58 crore recorded in Q3 FY24. Revenue from operations jumped 21.1% to Rs 3,124.88 crore in Q3 FY25 as against Rs 2,579.78 crore reported in the same period a year ago. The counter rose 0.50% to Rs 451.40 on the BSE. Powered by Capital Market - Live

PDS announced that PDS Multinational FZCO., a wholly-owned step-down subsidiary of the company in the United Arab Emirates (UAE), has today, i.e., 06 March 2025, notified the Company's officer about the incorporation of a new entity in the UAE, named 'Tritron Fashion FZCO', effective from 03 March 2025, as a subsidiary of PDS Multinational FZCO.Powered by Capital Market - Live

PDS has incorporated a wholly owned subsidiary NexStyle Apparel Manufacturing on 12 February 2025. Powered by Capital Market - Live

Net profit of PDS rose 70.44% to Rs 24.85 crore in the quarter ended December 2024 as against Rs 14.58 crore during the previous quarter ended December 2023. Sales rose 21.13% to Rs 3124.88 crore in the quarter ended December 2024 as against Rs 2579.78 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3124.882579.78 21 OPM %3.042.89 - PBDT73.7158.93 25 PBT47.1536.11 31 NP24.8514.58 70 Powered by Capital Market - Live

PDS announced that its wholly owned step down subsidiary in United Arab Emirates (UAE), PDS Multinational FZCO has incorporated a new subsidiary in UAE by the name of Simple Approach Trading FZCO w.e.f. 20 January 2025.Powered by Capital Market - Live

PDS will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live

PDS has allotted 1,65,605 equity shares under ESOP on 12 December 2024. With this allotment, the paid up equity share capital has increased to Rs 28,21,83,266/- [14,10,91,633 equity shares divided into face value of Rs 2/- each]. Powered by Capital Market - Live

PDS announced that the Board of Directors of the Company at its meeting held on 29 October 2024, inter alia, have recommended the interim dividend of Rs 1.65 per equity Share (i.e. 82.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of PDS rose 10.46% to Rs 71.84 crore in the quarter ended September 2024 as against Rs 65.04 crore during the previous quarter ended September 2023. Sales rose 34.25% to Rs 3306.29 crore in the quarter ended September 2024 as against Rs 2462.75 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3306.292462.75 34 OPM %4.505.54 - PBDT126.83120.88 5 PBT101.4798.23 3 NP71.8465.04 10 Powered by Capital Market - Live