Defence company Data Patterns (India) announced Q1FY24 results: Total revenue increased by 45% from Rs 70.08 crore in Q1FY23 to Rs 101.30 crore in Q1FY24. The company’s earnings before interest, tax, depreciation and amortization (Operational EBITDA) increased by 31% from Rs 21.25 crore for Q1FY23 to Rs 27.83 crore in Q1FY24. Profit before tax (PBT) improved by 80%, from Rs 19.42 crore for Q1FY23 to Rs 34.88 crore in Q1FY24 Profit after tax (PAT) increased by 82% from Rs 14.21 crore in Q1FY23 to Rs 25.83 crore in Q1FY24. Commenting on the company’s performance, Srinivasagopalan Rangarajan, Chairman & Managing Director, Data Patterns (India) said, “We are pleased to announce another strong quarter with impressive results. I'm also happy to share that, out of Rs 500 crore 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” Result PDF