PDS Limited shares surged over 12% on Monday hitting a fresh 52-week high of Rs 447.10 on the BSE. Ace investor Mukul Agrawal owns a 2.73% stake in the company. In the latest exchange filing, the company reported that it has set up a solar power plant in Bangladesh, bringing its total number of renewable energy-powered facilities to two. The 1-megawatt (MW) plant is expected to generate enough electricity to offset over 10,000 tonnes of carbon emissions over its lifetime.
The plant is located at the company’s GSSL facility in Bangladesh and is expected to help the company achieve LEED Platinum certification, the highest level of certification offered by the U.S. Green Building Council. The company’s other renewable energy-powered facility is located in Sri Lanka and generates over 70,000 kilowatts (kWh) of energy.
PDS Limited is a global fashion infrastructure platform offering product development, sourcing, manufacturing, and distribution for major brands and retailers worldwide handling over $2 billion of Gross Merchandise Value. PDS also offers a bespoke end-to-end outsourcing solution, engaging dedicated talent and infrastructure as an extended arm of retailers and brands.
Recently, PDS Limited announced its financial results for the first quarter ending on June 30, 2023 (Q1FY24). During this period, the company generated revenue of Rs 2114.94 crore, which declined by 9.63% compared to the previous year. The operational profit for Q1FY24 was Rs 72.07 crore, with a significant decline of 6.09% year-on-year. The company’s net profit after tax (PAT) also saw a significant decline, reaching Rs 22.15 crore, with a decline of 50.41%.
Today, the stock opened at Rs 392.60, with a high and low of Rs 447.10 and Rs 392.45 respectively. The stock ended the trading session at Rs 435.40, up by 12.71%. In the last 6 months, the shares of the company have given more than 28% returns, and on a YTD basis, the stock has given about 25% returns.
The stock has a 52-week high of Rs 447.10 and a 52-week low of Rs 282.00. The company has a ROCE of 24.2% and an ROE of 24.7%. It is also important to note that in FY23, the company posted a revenue of about Rs 10,577 crore. While the company’s market capitalisation stands at Rs 5,716 crore.
The stock has shown impressive growth and investors should keep a close eye on this stock.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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