| Revenue growth | Q2 +30% YoY; H1 +23% YoY to ₹7,876cr |
|---|---|
| Margins | Q2 gross margin 20.0% (+15bps); EBITDA 3.5% (+44bps) |
| Order book | ₹5,674cr as of early October, up 13% YoY |
| Demand visibility | Order book ₹5,674cr early Oct, +13% YoY |
| Management confidence | 'Defining quarter'; no numeric guidance |
Growth
Q2 revenue +30% YoY; Q2 EBITDA +48.7% YoY. H1 PAT ₹98cr (+44%). Americas +44% in H1; Europe +26%.
Outlook
No numeric guidance. Order book ₹5,674cr (+13% YoY). Digital/AI roadmap begun; new-investment path to profitability on track.
Risks
UK revenue only +1% in H1; Asia/Middle East down 24%; manufacturing revenue down 1%; new verticals not yet break-even.
Last quarter's promises, checked
Delivered
- Q2 revenue to match Q1 trend (+15% YoY) → +30% YoY (= BEAT)
- EBITDA margin to keep improving QoQ (Q1 2.8%) → Q2 3.5% (= BEAT)
- NWC low single-digit days (1 or 0 possible) → -5 days (= BEAT)
Partly delivered
- Manufacturing margin upgrade via Busana (Q1 EBIT 6.5%) → manufacturing revenue -1% H1, margin not reported (= PARTIAL)
- US growth to scale over 12–24 months (Q1 +48%) → Americas +44% H1 (= PARTIAL)
Missed
- Order book growth to match Q1 +23% YoY (₹6,095cr) → ₹5,674cr, +13% YoY (= MISS)
- New verticals to reach profitability in coming quarters → not yet break-even (= MISS)
Investor Presentation filed with BSE, NSE: PDSL. Summary written with AI assistance from the document.
PDS Ltd: key numbers
- Share price
- ₹360.00
- Market cap
- ₹5,093 Cr
- Revenue (annual)
- ₹13,110 Cr
- Net profit (annual)
- ₹111.7 Cr
- P/E (TTM)
- 43.3×Sector 33.3×
- Promoter holding
- 61.36%-0.01% QoQ
- FII holding
- 4.13%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from PDS Ltd
All →PDS Management Change
PDS Limited disclosed the resignation of Non-Executive Independent Director Bangalore Gangaiah Srinivas, effective November 4, 2026. The resignation cites pre-occupation and personal commitments, with no other material reason.
PDS Dividend
PDS Limited declared an interim dividend of Rs 2.2 per share for 2026-27 on November 4, 2026. Record date is November 11, 2026.
PDS Results Update
PDS Limited's press release reports record Q2 FY27 revenue of Rs 4,432 crore and PAT up 144% quarter-on-quarter. It also declares an interim dividend of Rs 2.20 per share.
PDS Other Announcement
PDS Limited submitted the CRISIL Ratings monitoring agency report for the quarter ended September 30, 2026. It confirms no deviation in the utilisation of its QIP proceeds.
PDS Q2 FY27 Results: Net Profit ₹69.9 Cr, Up 44.4% YoY
PDS Ltd reported revenue from operations of ₹4,432 Cr (+29.6% YoY) and net profit of ₹69.9 Cr (+44.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹69.9 Cr · +44.4% YoY
PDS Employee Stock Options
PDS Limited has allotted 12,500 equity shares following the exercise of stock options under its ESOP 2021 Plan A. This increases the company's paid-up capital to Rs. 28.30 Crore.