Debasis Mohapatra
Bengaluru, 28 December 2024
Defence solutions firm, Data Patterns is expecting an order inflow of around Rs 800 crore in the current financial year and is targeting for around Rs 3,000 crore of order book in the next 18-24 months.
In the analyst call post second quarter (Q2 of FY25) earnings, the company management said that its order book at the end of Q2 stood at Rs 971 crore.
“We are expecting order inflow of around Rs 700 crore to Rs 800 crore in FY25. We have received orders of Rs 83.5 crore till H1 (first half of FY25). We have further received orders of Rs 82.7 crore in October. We are L1 (lowest bidder) for Rs 227 crore, which we expect delivery within 12 months. We have a very strong bidding pipeline and we are targeting for another Rs 2,000 crore to Rs 3,000 crore orders in the next 18 to 24 months,” S Rangarajan, Chairman & MD of Data Patterns (India) has said.
Data Patterns reported a weak revenue growth in the second quarter on one client-specific issue. Revenue of the company in Q2 of FY25 fell 16% to Rs 91 crore against Rs 108.3 crore in the same quarter of the previous financial year. It reported a profit of Rs 30.28 crore for the July-September 2024 quarter against a profit after tax of Rs 33.79 crore in the corresponding quarter of the previous financial year.
“Our revenue growth in the second quarter has been weaker than expected, primarily due to a deferment of a scheduled delivery from one customer worth Rs 27 crore. Take up of this will happen in H2 and we are confident of meeting our FY25 revenue growth guidance of 20%, 25%,” Rangarajan said.
The company aims to capitalize on opportunities such as focus on fire-control radars, expand radars and smaller radars for UAVs, ensuring cost competitiveness with in-house IP in radars. Develop electronic warfare products, meet the requirements of Army, Air Force and Navy, provide military radars, video relays and other equipment.
