Debasis Mohapatra
Bengaluru, 16 September 2024
Data Patterns (India) is expecting better performance in the third and fourth quarters of ongoing financial year (FY25) as compared to the first two quarters as uptake of orders from its defence clients are likely to be higher during the second half of FY25.
Data Patterns, whose products include electronic components & equipment along with sale of services for the defence sector, had a robust order book of Rs 1,017 crore by the end of June quarter.
“We are going to have probably a larger quarter three (Q3) and quarter four (Q4) rather than a quarter one (Q1), quarter two (Q2) as we see it. Because, the nature of orders, we have received and also on the uptake from our customers based on their production requirements, they’re dependent on both…..So, looking at that, I think quarter one, quarter two will be a bit less. Quarter three, quarter four should be higher is what we see as of now,” S Rangarajan, Chairman & Managing Director of Data Patterns has said during the Q1 analyst call.
“We expect the orders to start coming in the probably end of Q2, mostly in Q3 and Q4. That’s the order intake we are expecting. And it is going to be based on, radars, electronic warfare, and these kinds of avionics where we have already delivered some products and repeat orders are expected in all these areas,” he has added.
The company has said that there are a number of programmes that is being developed with DRDO, and once it turns into a production contract, the company expects back-to-back orders coming to it.
In Q1 FY25, revenue of the company stood at Rs 1,404 crore, up 16% over the previous year. While development contracts contributed to 31% of its revenue, production contracts constituted 50% with rest coming from service contracts.
The company has zero debt on its balance sheet on net basis and has a cash balance of around Rs 670 crore by the end of June quarter.
The share price of Data Patterns closed 1.60% up at Rs 2,728 in NSE on Monday.
