Data Patterns net profit grows 3-fold to Rs9cr in Q3FY22; Stock gains

9 Feb 2022 , 10:46 AM

Data Patterns (India) Ltd, a leading electronic solution provider company in Defence sector, on Tuesday announced its financial results for the third quarter ended December, 2021.

Revenue from operations for Q3FY22 grew by 96% to Rs43.8cr as against Rs22.4cr in Q3FY21. EBITDA grew 32x to Rs15.6cr in Q3FY22 as against Rs0.5cr in Q3FY21. Profit Before Tax (PBT) came at Rs11.9cr in Q3FY22 as against a loss of Rs4.3cr in Q3FY21.

Net Profit for Q3FY22 grew by 3x to Rs9cr as against a Loss of Rs4.4cr in Q3FY21.

At around 10.48 AM, Data Patterns (India) Ltd was trading at Rs708.35 per share up by Rs3.7 or 0.53% from its previous closing of Rs704.65 per shareon the BSE.

Operational Highlights

• Revenue from Production contracts grew by 106.3% to Rs29.5cr in Q3FY22 as against Rs14.3cr in Q3FY21.
• Revenue from Development contracts for Q3FY22 grew by 15.7% to Rs5.9cr as against Rs5.1cr in Q3FY21.
• Revenue from Service contracts increased by 183% in Q3FY22 to Rs8.5cr as against Rs3cr in Q3FY21.

Net Revenue for 9MFY22 doubled to Rs140.3cr as against Rs66.9cr in 9MFY21. EBITDA grew 14x to Rs53.5cr in 9MFY22 as against Rs3.5cr in 9MFY21. PBT for 9MFY22 grew 5x to Rs42.6cr as against loss of Rs10.2cr in 9MFY21. Net Profit for 9MFY22 grew 4x to Rs32.2cr as against loss of Rs10.4cr in 9MFY21.

Operational Highlights

• Revenue from Production Contracts grew by 2.5x to Rs110.3cr in 9MFY22 as against Rs442.8cr in 9MFY21
• Revenue from Development contracts declined by 16.1% to Rs12.3cr in 9MFY22 as against Rs14.7cr in 9MFY21
• Revenue from Service contracts for 9MFY22 grew by 124.1% to Rs17.7cr as against Rs7.9cr in 9MFY21

Order Book Details
Company’s order book stands at Rs577cr at the end of Q3. Company received orders worth Rs219.5cr in the 9MFY22

Srinivasagopalan Rangarajan, Chairman & Managing Director, Data Patterns (India) Limited, said: We debut with strong earnings in our first results post IPO. In Q3FY22 our topline has doubled and we have maintained high profitability. Our strong order book and bidding pipeline gives us good visibility of strong growth trajectory. Macro environment remains favorable, and we are confident of delivering superior performance over next few years.

We maintain our focus on superior project execution, developing high quality products and delivering cost efficient solutions to other customers,” the chairman added.