PDSL

What PDS promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 26 tracked 5 delivered 8 missed 13 open
  • FY25 PAT Growth delivered, diluted said Q2 FY25 Promised: 25-30% Q1 FY27: Historical promise, resolved in FY25.
  • PAT Margin went quiet said Q3 FY25 Promised: 3% PAT by FY27 Q1 FY27: Q1 PAT margin was ~0.84%. Management continues to focus on EBITDA margin and overall profit growth, but the specific 3% PAT margin target for FY27 remains unaddressed and appears highly unlikely.
  • GMV and PAT Margin at risk said Q3 FY25 Promised: $5 billion GMV and 5% PAT in 5 years (by FY29) Q1 FY27: Q1 performance (15% revenue growth, 43% PAT growth) is a positive step, but PAT margin remains low at 0.84%. Management remains cautious, deferring guidance updates until after Q2.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 26 tracked commitments for PDS — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens