On November 9, 2024, Data Patterns (India), a defence and aerospace electronics systems provider reported a 10% drop in its net profit and a decline in revenue from operations to ₹91.03 crore against ₹108.31 crore in the same quarter last year.
Data Patterns’ Operational EBITDA declined to ₹34.3 crore from ₹40.8 crore, while the EBITDA margin remained relatively stable at 37.7%.
Total income for the July-September quarter dropped to ₹103.06 crore, compared to ₹119.15 crore in the corresponding quarter of the previous financial year.
Data Patterns reported an order book valued at ₹1,053 crore, with ongoing negotiations that could raise this figure to ₹1,194.6 crore.
The company stated in its press release on the stock exchange that the revenue for the quarter was lower due to the deferment of scheduled delivery by the customer of completed products worth Rs 275 million. However, there was no impact on the full-year revenue growth guidance, which remains maintained at 20-25%.
The company stated in its press release on the stock exchange that it remains committed to achieving a revenue growth rate of 20-25% and maintaining EBITDA margins around 35-40% for the full year.
Data Patterns share price traded 4.6% lower at ₹2,213.40 at noon. The share touched the day’s high and low of ₹2,255 and ₹2,081.85, respectively after opening at ₹2,081.85 on BSE.
Data Patterns is an Indian technology company specializing in providing advanced solutions for the defence, aerospace, and communication sectors. Established in 1985, the company focuses on the design, development, and manufacturing of innovative electronic systems and solutions. It is known for its expertise in high-end systems integration, embedded systems, and software solutions tailored to meet the needs of government and defence organisations.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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