Finance & Economy
PDS released its Q1 FY25 results noting 24% topline growth
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Author: DISHA PRAFUL SUKHANI
Mumbai, July 24th, 2024: PDS Limited, a global provider of fashion solutions and infrastructure, has released its Q1FY25 financial results. The firm offers tailored solutions in areas such as product development, procurement, production, and brand management to global brands and retailers.
Key Highlights for the Quarter
FY25 started on a strong note with a 28% increase in Gross Merchandise Value handled translating into 24% growth in topline (YoY)
- Order book continues to be strong with $576 Mn clocking a growth of 24% over last year
- Gross margin expansion journey continues on the back of value accretive business
- PAT clocked a growth of 34%
- US business continued to expand and recently onboarded a US fast fashion business