Data Patterns top gainer

about 1 year ago

Data Patterns (India) is currently the top gainer on the BSE. From its previous close of Rs.1161.30, it opened much higher today at Rs.1269.95, rising further to Rs.1361.95 and is now trading at Rs.1354 levels.

The market has given a thumbs up to this company, which is a vertically integrated Defense and Aerospace electronics solutions provider catering to the indigenously developed defense products industry. The company works closely with the defence PSUs such as Hindustan Aeronautics Ltd and Bharat Electronics Ltd as well as government organisations involved in defence and space research like DRDO and ISRO.

Its total revenue for Q3 increased by 155% (YoY) to Rs.114 crore.

EBITDA was up 202% at Rs.47 crore.  Profit Before Tax (PBT) improved by 275% to Rs.45 crore and PAT rose 272% to Rs.33 crore.

Its orders on hand till date stands at Rs.890 crore and the order book is at Rs.1014 crore v/s Rs.476 crore as on 10th April’22.

The company expects Q4 to also be equally good as  new orders are expected to close while it is focused on improving execution effectiveness to promote operating leverage and maintaining a diversified order book.  Also its new manufacturing facility is anticipated to commence commercial operations in Q4.

3063.75 (-0.05)

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