Data Patterns Maintains Profit Margins Despite Revenue Decline in Q2

12 Nov 2024 , 10:07 AM

Data Patterns (India) Ltd. reported a Q2 FY2024-25 profit after tax (PAT) of ₹30.28 crore, down from ₹33.79 crore in the same quarter last year. For the first half of FY2024-25, the company’s PAT increased to ₹63.07 crore, compared to ₹59.62 crore during the same period in the previous fiscal year.

Chairman and Managing Director Srinivasagopalan Rangarajan highlighted improved margins for the first half, attributed to enhanced operational efficiency and a favorable product mix.

Revenue for the quarter was affected by a deferred delivery schedule from a customer, impacting quarterly total income. Total income for Q2 declined to ₹103.06 crore from ₹119.15 crore in the year-ago period, while H1 total income slightly decreased to ₹219.45 crore from ₹220.45 crore year-on-year.

As of September 30, 2024, the company’s order book stood at ₹1,053.22 crore. Rangarajan noted slower-than-expected order inflow in the first half of the fiscal but expressed optimism for improved performance in H2, aiming to sustain growth in revenue and profitability.