Conference Call with Data Patterns (India) Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
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
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