Profit After Tax Increases By 82%
Data Patterns works closely with the defence PSUs and space research organisations
CHENNAI, Aug 9 (The CONNECT) – The total Revenue of Defence and Aerospace electronics solutions provider Data Patterns has increased by 45% from Rs. 70.08 Cr in quarter ended June 30, 2022 to Rs. 101.30 Cr in quarter ended June 30, 2023.
The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) increased by 31% from INR 21.25 Cr for the quarter ended June 30, 2022 to INR 27.83 Cr in corresponding quarter ended June 30, 2023.
Profit Before Tax (PBT) improved by 80%, from INR 19.42 Cr for the first quarter of FY23 to INR 34.88 Cr in the first quarter of FY24.
Profit After Tax (PAT) increased by 82% from Rs. 14.21 Cr in first quarter of FY 2022 to Rs.
25.83 Cr in the first quarter of FY 2023.
- Orders book position
- Orders on hand as on June 30, 2023 – INR 967.11 Cr
- Orders received in Q2 so far – INR 5.19 Cr
- Orders negotiated and yet to be received – INR 93.37Cr
- If all the projects where negotiations are completed are converted into orders, the order book will be INR 1,066 Cr
Srinivasagopalan Rangarajan, Chairman & Managing Director, Data Patterns (India) Limited said, the company started its product development endeavours for Radars, Communication Systems, Electronic Warfare and Satellite with Rs 500 crore raised through qiualified institutional placements. The focus on product development will allow Data Patterns to address the growing ‘Made in India’ Defence opportunities, he said.
Data Patterns’ core competencies include design and development across electronic hardware, software, firmware, mechanical, product prototype besides its testing, validation and verification. Its involvement has been across Radars, Electronic Warfare Suites, Communications, Avionics, Small Satellites, Automated Test Equipment, COTS and programmes catering to Tejas Light Combat Aircraft, Light Utility Helicopter, BrahMos and other Communication & Electronic Intelligence Systems.
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.
