Defence company Data Patterns (India) announced FY23 results: Net Revenue for FY23 increased by 46% Revenue from operations grew to Rs 453 crore in FY23 as against Rs 311 crore in FY22 EBITDA grew by 22% to Rs 172 crore in FY23 as against Rs 141 crore in FY22 PBT for FY23 grew by 29% to Rs 165 crore as against Rs 127 crore in FY22 Profit after Tax for FY23 grew by 32% to Rs 124 crore as against Rs 94 crore in FY22 The company secured orders more than Rs 900 crore in FY23, reflecting a 3x increase compared to order inflow in FY22. The order book stood at Rs 924 crore at the end of FY23 With orders finalised in April and May the current order book is Rs 1,008 crore Commenting on the financial performance, Srinivasagopalan Rangarajan, Chairman & Managing Director, Data Patterns (India), said, “This year, we have achieved excellent results of 32% YoY growth in PAT. Our order book of Rs 924 crore is healthy which is up 94% YoY. The company has also made significant investments in human capital and infrastructure during the last year. He also said that as communicated at the time of IPO, the Company has successfully smoothened the business through the year. Accordingly, the last quarter revenue moved from 70% of annual revenue in FY21 to 55% in FY22 to 41% in FY23. Full year growth is more representative of business performance rather than the quarter. Aligning with the sectoral opportunities, we are actively pursuing new product development. With the successful completion of the QIP of Rs 500 crore, we have positioned ourselves for substantial revenue growth through new products in the domestic and international markets in the coming years. Result PDF
Conference Call with Data Patterns (India) Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Data Patterns (India) announced Q3FY23 results: Q3FY23: Total revenue for Q3 increased by 155% from Rs 44.54 crore in quarter ended December 31, 2021 to Rs 113.66 crore in the quarter ended December 31, 2022. The company's Earnings before Interest, Tax, Depreciation and Amortization (Operational EBIDTA) increased by 202% from Rs 15.59 crore for the quarter ended December 31, 2021 to Rs 47.04 crore in the corresponding quarter ended December 31, 2022. Profit Before Tax (PBT) improved by 275% from Rs 11.91 crore in the quarter ended December 31, 2021 to Rs 44.64 crore in the quarter ended December 31, 2022 Profit After Tax (PAT) increased by 272% from Rs 8.96 crore in the quarter ended December 31, 2021 to Rs 33.32 crore in the quarter ended December 31, 2022. 9MFY23: Company's total revenue for the nine months ended December 31, 2022 was Rs 273.75 crore, an increase of 93% over the revenue for the corresponding nine months ended in FY22 of Rs 141.69 crore. Operational EBIDTA increased by 84% from Rs 53.45 crore for the nine months ended December 31, 2021 to Rs 98.46 crore in the corresponding nine months ended December 31, 2022. Profit Before Tax (PBT) improved by 118% to Rs 92.73 crore for the nine months ended December 31, 2022 as compared to Rs 42.62 crore in the corresponding nine months ended December 31, 2021. Profit After Tax (PAT) increased by 113% from Rs 32.16 crore in the nine months ended December 31, 2021 to Rs 68.65 crore in the nine months ended December 31, 2022. Order Book: Orders on hand as on date - Rs 890.40 crore. Negotiation completed & yet to receive the order - Rs 123.86 crore. Including orders negotiated converted into orders, the order book will be Rs 1,014 crore Order book as on April 01, 2022 was Rs 476.18 crore. Commenting on the company's performance, Mr. Srinivasagopalan Rangarajan, Chairman & Managing Director, Data Patterns (India) Limited said, "We exceeded our own internal goals by achieving revenue growth of 2x times in 9MFY23, the best ever in our company's history. With the expectation of new orders in Q4, we are focused on improving execution effectiveness to promote operating leverage and maintaining a diversified order book. With the new manufacturing facility anticipated to commence in Q4 of FY 2023, we are well positioned to benefit from the strong sectoral tailwinds given our R&D; prowess and our manufacturing capabilities." Result PDF
General industrial company Data Patterns announced Q2FY23 results: Q2FY23: Total Revenue for Q2 increased by 51% from Rs. 59.52 crore in Q2FY22 to Rs. 90.01 crore in Q2FY23. The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBIDTA) increased by 47% from Rs. 20.56 crore for the Q2FY22 to Rs. 30.16 crore in the corresponding Q2FY23 Profit Before Tax (PBT) improved by 71% from Rs. 16.74 crore in Q2FY22.to Rs. 28.65 crore in Q2FY23 Profit After Tax (PAT) increased by 63% from Rs. 12.89 crore in Q2FY22 to Rs. 21.05 crore in Q2FY23 H1FY23: The company’s total Revenue for H1FY23, 2022 was Rs. 160.09 crore, an increase of 65% over the first half revenue of Rs. 97.17 crore in H1FY22. Operational EBIDTA increased by 36% from Rs. 37.84 crore for Q2FY22 to Rs. 51.38 crore in the corresponding Q2FY23. Profit Before Tax (PBT) improved by 56% to Rs. 48.05 crore for H1FY23, 2022 as compared to Rs. 30.79 crore in the corresponding H1FY23. Profit After Tax (PAT) increased by 52% from Rs. 23.22 crore in H1FY23, 2021 to Rs. 35.26 crore in H1FY23. Commenting on the company’s performance, Mr. Srinivasagopalan Rangarajan, Chairman & Managing Director, of Data Patterns (India) Limited said, “Data Patterns is uniquely positioned to benefit from the strong sectoral tailwinds given our R&D; strength and our manufacturing capabilities. Our current quarterly performance is one of the best in the history of the company and has surpassed our internal targets. We are confident of delivering on our stated guidance of 25%-30% topline growth given our strong and growing order book”. Result PDF