PDS Ltd
PDS Q1 FY26: Order Book ₹5,200 Cr
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company expects mid-teens growth (~14-20%) in sales/revenue for the current and upcoming financial years. - Existing businesses grew by 7% in Q1 FY '26; new verticals delivered 85% growth YoY. - The sourcing as a service business is projected to grow by about 18-20% YoY. - Order book growth is at 8% YoY, with customers taking longer to finalize orders. - Growth drivers include strong relationships with key customers (e.g., Primark, Next, Tesco), expansion in Latin America, Egypt, Turkey, and India through the Knit Gallery acquisition. - The U.S. PDS Limited expects 18% to 20% year-over-year growth in its sourcing as a service business, with ongoing conversations indicating this outlook may continue (Page 16).
From PDS Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company expects mid-teens growth (~14-20%) in sales/revenue for the current and upcoming financial years.
- Existing businesses grew by 7% in Q1 FY '26; new verticals delivered 85% growth YoY.
- The sourcing as a service business is projected to grow by about 18-20% YoY.
- Order book growth is at 8% YoY, with customers taking longer to finalize orders.
- Growth drivers include strong relationships with key customers (e.g., Primark, Next, Tesco), expansion in Latin America, Egypt, Turkey, and India through the Knit Gallery acquisition.
2 more points management made on revenue & sales performance
Profitability & Margins
See what PDS Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex spend is being optimized and aimed to be half of what it was last year.
- ₹278 crores from QIP proceeds were deployed towards debt repayment, and ₹24 crores used for the Knit Gallery acquisition.
- Remaining funds from QIP proceeds are earmarked for strategic growth opportunities and general corporate purposes.
- Acquired Knit Gallery to enhance scale from India and align with U.K. and EU customers.
- Investments in new sourcing hubs in Mexico, Egypt, and Turkey to support near-shoring and duty optimization strategies.
2 more points management made on capital expenditure plans
Top-ranked in Textiles & Apparels
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what PDS Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at close to ₹5,200 crores, reflecting an 8% year-on-year growth (Page 4).
- Customers are taking longer than usual to close orders due to the cautious demand environment (Page 4).
- The company expects to maintain the growth momentum achieved in Q1 throughout the year (Page 4).
PDS Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.5K Cr, net profit ₹72 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What PDS's management said in earlier quarters
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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Frequently Asked Questions
What were PDS Ltd Q1 FY26 results?
The company expects mid-teens growth (~14-20%) in sales/revenue for the current and upcoming financial years. - Existing businesses grew by 7% in Q1 FY '26; new verticals delivered 85% growth YoY. - The sourcing as a service business is projected to grow by about 18-20% YoY. - Order book growth is at 8% YoY, with customers taking longer to finalize orders. - Growth drivers include strong relationships with key customers (e.g., Primark, Next, Tesco), expansion in Latin America, Egypt, Turkey, and India through the Knit Gallery acquisition. - The U.S. PDS Limited expects 18% to 20% year-over-year growth in its sourcing as a service business, with ongoing conversations indicating this outlook may continue (Page 16).
What is PDS Ltd share price analysis?
PDS Ltd currently shows a neutral. The stock trades at a P/E of 46.2 with a market cap of ₹5,061 Cr. Investors should review the full earnings analysis for detailed insights.
Is PDS Ltd planning capital expenditure?
Capex spend is being optimized and aimed to be half of what it was last year. - ₹278 crores from QIP proceeds were deployed towards debt repayment, and ₹24 crores used for the Knit Gallery acquisition. - Remaining funds from QIP proceeds are earmarked for strategic growth opportunities and general corporate purposes. - Acquired Knit Gallery to enhance scale from India and align with U.K.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.