India's PDS Multinational Fashions rises on profit jump

PDS

05/08/2021 06:57

** Shares of supply chain manager for major brands and
retailers  PDSM.NS  soared as much as 8.3% to 1,469 rupees  
    ** PDS Multinational Fashions posted a 28-fold jump in
consolidated profit for June-qtr to 591 mln rupees ($7.96 mln)
 urn:newsml:reuters.com:*:nFWN2PB1BA
    ** PDSM also logged a 68% rise in rev from ops to 16.26 bln
rupees
    ** Co provides sourcing, manufacturing and warehousing for
brands like Kohl's, Zara, Myntra, Tesco, among others 
    ** Says overall results for current qtr have surpassed
pre-COVID levels; geared for further growth and profitability
during the year
    ** Including session's gains, PDSM stock more than tripled
YTD


($1 = 74.2290 Indian rupees)

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))