Data Patterns slips over 2% as investors book profits on strong Q1 results

So far this year, shares of Data Patterns skyrocketed over 81 percent

Investors rushed to book profits across shares of Data Patterns (India), sending it down over 2 percent to Rs 3,280 per share on July 30 after it reported robust April-June quarter (Q1FY25) results.

The company's total revenue from operations rose by 16 percent on-year to Rs 104 crore in Q1FY25 from Rs 89 crore in Q1FY23. Profit-after-tax (PAT) also increased by 27 percent YoY to Rs 33 crore in Q1FY24 from Rs 26 crore in the year-ago period.

Meanwhile, EBITDA grew by 33 percent YoY to Rs 28 crore in Q1FY25. As of June 30, 2024, Data Patterns' order book stood at Rs 1,017 crore.

ALSO READ: Jefferies India initiates coverage on HAL, Data Patterns, stays positive on BEL

“This has been an encouraging start to the financial year 2025 with revenue growth of 16 percent, gross margins at 72 percent and EBITDA margins improved by 465 bps at 36 percent reflecting operational excellence. Our current order book crosses 1100crs with an optimal production and development mix. We anticipate strong and steady order inflow for the full year given the government’s emphasis on ‘Made in India’ defence solutions," said Srinivasagopalan Rangarajan, Chairman & Managing Director, Data Patterns (India).

Data Patterns’ core competencies include design and development across electronic hardware, software, firmware, mechanical, and product prototype besides testing, validation and verification. Its involvement has been across Radars, Electronic Warfare Suites, Communications, Avionics, Small Satellites and other Communication & Electronic Intelligence Systems.

The company works closely with the defence PSUs such as Hindustan Aeronautics and Bharat Electronics as well as government organisations involved in defence and space research like DRDO and ISRO.

So far this year, shares of Data Patterns skyrocketed over 81 percent, outpacing benchmark Nifty 50's 14 percent rise during the same period.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.