The Board of Directors at Data Patterns (India) Limited (NSE: DATAPATTNS | BSE: 543428), a vertically integrated Defence and Aerospace electronics solutions provider catering to the indigenously developed defence products industry, today approved the limited review financial results for the quarter ended June 30, 2023.
Performance HighlightsPerformance Highlights
Q1 (2023 – 2024)
- Total Revenue for Q1 increased by 45% from Rs. 70.08 Cr in quarter ended June 30, 2022 to Rs. 101.30 Cr in quarter ended June 30, 2023.
- The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) increased by 31% from INR 21.25 Cr for the quarter ended June 30, 2022 to INR 27.83 Cr in corresponding quarter ended June 30, 2023
- Profit Before Tax (PBT) improved by 80%, from INR 19.42 Cr for the first quarter of FY23 to INR 34.88 Cr in the first quarter of FY24
- Profit After Tax (PAT) increased by 82% from Rs. 14.21 Cr in first quarter of FY 2022 to Rs.
25.83 Cr in the first quarter of FY 2023.
- Orders book position
- Orders on hand as on June 30, 2023 – INR 967.11 Cr
- Orders received in Q2 so far – INR 5.19 Cr
- Orders negotiated and yet to be received – INR 93.37Cr
- If all the projects where negotiations are completed are converted into orders, the order book will be INR 1,066 Cr
Commenting on the company’s performance, Mr. Srinivasagopalan Rangarajan, Chairman & Managing Director, Data Patterns (India) Limited said, “We are pleased to announce another strong quarter with impressive results. I’m also happy to share that, out of Rs.500cr raised in QIP, we have started our product development endeavours in line with the Offer document, for Radars, Communication Systems, Electronic Warfare and Satellite. The focus on product development will allow Data Patterns to address the growing ‘Made in India’ Defence opportunities”
