Latest news with #iStockPDS
Economic Times
3 days ago
- Business
- Economic Times
JM Financial retains Buy on PDS, target price Rs 690
iStock PDS' key products/revenue segments include Textiles, Sale of services and Rental Income for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3535.23 crore, up 12.81% from last quarter Total Income of Rs 3133.85 crore and up 9.76% from last year same quarter Total Income of Rs 3220.94 crore. The company has reported net profit after tax of Rs 74.28 crore in the latest quarter. The company's top management includes Kumar Seth, Mr.B G Srinivas, Park, Sinclair, Gairola, Gandhi, Parikh, Seth, Seth, Campos. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 14 crore shares outstanding. Live Events Investment Rationale Key takeaways from the PDS investor day was 1) the company expects softness in near-term (1QFY26) profitability given two Eid holidays during the quarter - impacting Bangladesh business and a seasonally weak quarter; 2) FY26 revenue and profitability growth guidance maintained at mid-teens; 3) the company is focused towards recalibration of new verticals - losses from new verticals (Rs 1.62 billion in FY25) expected to come down by 30% in FY26 4) cost optimization remains on track ? benefits to materialize in 2HFY26 and annualized in FY27. The company remains committed to its 5-5-5 vision with current GMV at ~$2.2 billion (ahead of target) while there is catch-up to be done on PAT (20% of target achieved). The company plans to achieve this through cost optimization initiatives and recalibration of new verticals. With a new wholesale / franchise team in place and establishing relationship with multiple retailers to clear excess inventory, company's brand management business might witness a turnaround. Going forward structural drivers in terms of a) increased out-sourcing by global retailers b) turnaround in manufacturing operations c) increasing penetration in the US markets is likely to act as strong base for top line growth. JM Financial maintains BUY and keeps the target price unchanged at Rs 690. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial maintains buy call on PDS with an unchanged target price of Rs 690. The current market price of PDS is Rs 422.8. The time period given by the analyst is a year when PDS price can reach the defined target. PDS, incorporated in 2011, is a Small Cap company with a market cap of Rs 5967.36 crore, operating in the Miscellaneous key products/revenue segments include Textiles, Sale of services and Rental Income for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3535.23 crore, up 12.81% from last quarter Total Income of Rs 3133.85 crore and up 9.76% from last year same quarter Total Income of Rs 3220.94 crore. The company has reported net profit after tax of Rs 74.28 crore in the latest company's top management includes Kumar Seth, Mr.B G Srinivas, Park, Sinclair, Gairola, Gandhi, Parikh, Seth, Seth, Campos. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 14 crore shares takeaways from the PDS investor day was 1) the company expects softness in near-term (1QFY26) profitability given two Eid holidays during the quarter - impacting Bangladesh business and a seasonally weak quarter; 2) FY26 revenue and profitability growth guidance maintained at mid-teens; 3) the company is focused towards recalibration of new verticals - losses from new verticals (Rs 1.62 billion in FY25) expected to come down by 30% in FY26 4) cost optimization remains on track ? benefits to materialize in 2HFY26 and annualized in FY27. The company remains committed to its 5-5-5 vision with current GMV at ~$2.2 billion (ahead of target) while there is catch-up to be done on PAT (20% of target achieved).The company plans to achieve this through cost optimization initiatives and recalibration of new verticals. With a new wholesale / franchise team in place and establishing relationship with multiple retailers to clear excess inventory, company's brand management business might witness a turnaround. Going forward structural drivers in terms of a) increased out-sourcing by global retailers b) turnaround in manufacturing operations c) increasing penetration in the US markets is likely to act as strong base for top line growth. JM Financial maintains BUY and keeps the target price unchanged at Rs 690. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
3 days ago
- Business
- Time of India
JM Financial retains Buy on PDS, target price Rs 690
iStock PDS' key products/revenue segments include Textiles, Sale of services and Rental Income for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3535.23 crore, up 12.81% from last quarter Total Income of Rs 3133.85 crore and up 9.76% from last year same quarter Total Income of Rs 3220.94 crore. The company has reported net profit after tax of Rs 74.28 crore in the latest quarter. The company's top management includes Kumar Seth, Mr.B G Srinivas, Park, Sinclair, Gairola, Gandhi, Parikh, Seth, Seth, Campos. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 14 crore shares outstanding. Live Events Investment Rationale Key takeaways from the PDS investor day was 1) the company expects softness in near-term (1QFY26) profitability given two Eid holidays during the quarter - impacting Bangladesh business and a seasonally weak quarter; 2) FY26 revenue and profitability growth guidance maintained at mid-teens; 3) the company is focused towards recalibration of new verticals - losses from new verticals (Rs 1.62 billion in FY25) expected to come down by 30% in FY26 4) cost optimization remains on track ? benefits to materialize in 2HFY26 and annualized in FY27. The company remains committed to its 5-5-5 vision with current GMV at ~$2.2 billion (ahead of target) while there is catch-up to be done on PAT (20% of target achieved). The company plans to achieve this through cost optimization initiatives and recalibration of new verticals. With a new wholesale / franchise team in place and establishing relationship with multiple retailers to clear excess inventory, company's brand management business might witness a turnaround. Going forward structural drivers in terms of a) increased out-sourcing by global retailers b) turnaround in manufacturing operations c) increasing penetration in the US markets is likely to act as strong base for top line growth. JM Financial maintains BUY and keeps the target price unchanged at Rs 690. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial maintains buy call on PDS with an unchanged target price of Rs 690. The current market price of PDS is Rs 422.8. The time period given by the analyst is a year when PDS price can reach the defined target. PDS, incorporated in 2011, is a Small Cap company with a market cap of Rs 5967.36 crore, operating in the Miscellaneous key products/revenue segments include Textiles, Sale of services and Rental Income for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3535.23 crore, up 12.81% from last quarter Total Income of Rs 3133.85 crore and up 9.76% from last year same quarter Total Income of Rs 3220.94 crore. The company has reported net profit after tax of Rs 74.28 crore in the latest company's top management includes Kumar Seth, Mr.B G Srinivas, Park, Sinclair, Gairola, Gandhi, Parikh, Seth, Seth, Campos. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 14 crore shares takeaways from the PDS investor day was 1) the company expects softness in near-term (1QFY26) profitability given two Eid holidays during the quarter - impacting Bangladesh business and a seasonally weak quarter; 2) FY26 revenue and profitability growth guidance maintained at mid-teens; 3) the company is focused towards recalibration of new verticals - losses from new verticals (Rs 1.62 billion in FY25) expected to come down by 30% in FY26 4) cost optimization remains on track ? benefits to materialize in 2HFY26 and annualized in FY27. The company remains committed to its 5-5-5 vision with current GMV at ~$2.2 billion (ahead of target) while there is catch-up to be done on PAT (20% of target achieved).The company plans to achieve this through cost optimization initiatives and recalibration of new verticals. With a new wholesale / franchise team in place and establishing relationship with multiple retailers to clear excess inventory, company's brand management business might witness a turnaround. Going forward structural drivers in terms of a) increased out-sourcing by global retailers b) turnaround in manufacturing operations c) increasing penetration in the US markets is likely to act as strong base for top line growth. JM Financial maintains BUY and keeps the target price unchanged at Rs 690. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
