PDS Multinational Fashions Ltd reported revenue of ₹6,213cr with PAT growth of 83 per cent in FY21

Bengaluru: PDS Multinational Fashions Ltd, a leading global plug and play design-led platform offering product development, sourcing, virtual manufacturing & supply chain platforms catering to leading brands and retailers globally, has announced its financial results for the fourth quarter and full-year ended March 31st, 2021.

FY21 Compared with FY20 (Consolidated):

    Revenues from operations for the full year ended March 31st, 2021 stood at ₹6,213 crore as compared to ₹6,648 crore in FY20

    The Company’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) stands at ₹230 crore in FY21, as against ₹186 crore in FY20. The Company’s EBITDA margin stood at 3.7% in FY21 vs 2.8% in FY20

    Profit Before Tax (PBT) stood at ₹170 crore for FY21 as compared to ₹91 crore in FY20. The
Company’s PBT margin stood at 2.7% in FY21 vs 1.4% in FY20

    Profit After Tax (PAT) stood at ₹148 crore for FY21 as against ₹81 crore in FY20. The Company’s
PAT margin doubled to 2.4% vs 1.2% in FY20

    Earnings per share (EPS) for the year ended FY21 stood at Rs.32.37

    The Company has declared a Dividend of ₹15.75 per share translating into 49% payout based on EPS, subject to shareholder approval

    The Company clocked ROCE’s of 22.1% and ROE’s of 22% in FY211

Quarter ended 31st March 2021
The Company reported topline of ₹1,765cr in Q4FY21, recording a growth of 9% vs Q3FY21. EBITDA increased by 27% from ₹76cr in Q3FY21 to ₹97cr in Q4 FY21. Profit before tax increased by 31% to
₹81cr in Q4FY21 vs Q3FY21.

1 Adjusted for dividend; ROCE based on Net Capital Employed
 

Mr. Deepak Seth, Chairman, PDS Multinational Fashions Limited stated that “Last year posed quite a lot of challenges due to the unprecedented impact of COVID on the business and life in general. However, I am extremely proud that the entire PDS team has faced the rough waters and has come out stronger. As we move ahead in our journey of growth and profitability, I strongly believe we are well placed to distribute steady-state dividends to our shareholders.”

Mr. Pallak Seth, Vice Chairman, PDS Multinational Fashions Limited commented “PDS Multinational has built an integrated global tech-enabled platform through which retailers, brands, and entrepreneurs can leverage and derive scale and agility. We are focussed on maintaining the growth momentum and are constantly evaluating opportunities of expanding our business to new categories, and new geographies thereby enhancing value for our stakeholders.”

Commenting on the results, Mr. Sanjay Jain, Group CEO, PDS Multinational Fashions Limited said, “PDS has created a resilient business model with robust control and monitoring mechanisms. Despite disruptions of COVID, we have managed to protect our topline and expand margins and profitability. While the UK and Europe, one of our key geographies, faced a prolonged period of lockdown, we have witnessed good traction whenever lockdown was lifted in these markets. Now with the rollout of the vaccination and opening up of stores, we believe the growth in these markets will be restored. Further, we are proactively & cautiously making inroads into new geographies including the US, South Africa, Australia amongst others. PDS has on-boarded senior business heads to drive business in new geographies, categories, and customers.”