Shares of Data Patterns (India) fell over 7 percent after the company reported a decline in its net profit and revenue for the quarter ended September.
At 10.40 AM, share of Data Patterns traded over 4 percent lower at Rs 2,225. The stock has gained over 21 percent on a year-to-date basis, outperforming the Nifty 50 which gained nearly 12 percent during the same period.
For Q2FY25, the company's net profit dropped over 10 percent year-on-year to Rs 30.3 crore, with revenue from operations slipping 16 percent to Rs 91 crore. Operational EBITDA also fell to Rs 34.3 crore from Rs 40.8 crore. The EBIDTA margin remained largely flat at 37.7 percent.
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The PAT margin, however, improved to 33.3 percent for the quarter ended September as compared to 31.2 percent a year ago.
Data Patterns reported an order book of Rs 1,053 crore, with additional negotiations potentially increasing this to Rs 1,194.6 crore.
"Revenue for the quarter was impacted due to deferment of delivery schedule by the customer, of completed products. Our order inflow has been slower than anticipated in the first half which we expect to pick up during the second half," said Srinivasagopalan Rangarajan, Chairman and Managing Director of Data Patterns.
Specialising in end-to-end defence electronics, Data Patterns works across domains such as radars, electronic warfare, avionics, and small satellites. It collaborates with defence PSUs, including Hindustan Aeronautics Ltd and Bharat Electronics Ltd, and agencies like DRDO and ISRO.
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