Defence player Data Patterns delivers strong numbers

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By S Jha

New Delhi, October 31: Integrated Defence electronics player Data Patterns has delivered another set of strong numbers in the September quarter, with bottomline and topline registering strong growth. The Chennai-headquartered company which was among the key attractions at the 12th DefExpo in Gandhinagar, Gujarat this month reported Rs 30 crore of operating profit against Rs 21 crores in the last quarter.

Data Patterns had come out with an IPO last year and since then it has been strongly rising on the bourses. The defence manufacturer reported a net sales revenue of 88 crore in the September quarter against Rs 68 crores in the last quarter. The company was reportedly hit by a higher raw material cost, yet delivered stellar net profit of Rs 21 crores against Rs 14 crores in the last quarter.

Data Patterns, as is true with most of the defence space companies, delivers best numbers in the March quarters when it realizes the full settlements from the government contracts. The earning per share has reached Rs 4.06 in the September quarter against Rs 2.76 in the last quarter. This set of number is interesting, which may invite investors’ interest in the company.

There is also a marginal increase in the shareholding by the foreign institutional investors in Data Patterns as their holding in the company went up from 1.43 per cent in the last quarter to 1.60 in the September quarter. The domestic institutional investors are also incrementally boarding Data Patterns, as their holding also went up from 8.25 per cent to 9.24 per cent in the September quarter.

With India aiming to award contracts worth $25 billion for defence goods manufacturing within the country, Data Patterns among others would be vying for opportunities to grow. Along with auto sector, companies like Data Patterns also stands to gain from the semiconductor chip shortage crisis subsiding.

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