Defence stock falls after its net profits decreases in Q1 :
The shares of the aerospace electronics solution fell around 2.3 percent after the company’s net profit and revenue decreased by 54 percent and 43 percent QoQ, respectively in Q1 FY25.
Data Patterns (India) Ltd has a market capitalization of Rs 18,431.04 crore, the shares were trading at Rs 3,287.65 per share, decreasing around 2 percent as compared to the previous closing price of Rs 3,352.00 apiece.
Reason for fall:-
The share of the Defence stock company has seen positive movement after Data Patterns (India) Ltd’s revenue plummeted by 42 percent on a quarter-on-quarter basis from Rs. 182 crores in Q4FY24 to Rs. 104 crores in Q1FY25. Further, revenue magnified by 15 percent yearly from Rs 90 crores in Q1FY24 to Rs. 104 crores in Q1FY25.
Data Patterns (India) Ltd’s net profit decreased by 54 percent on a quarter-on-quarter basis from Rs. 71 crores in Q4FY24 to Rs 33 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 27 percent from Rs. 26 crores in Q1FY24 to Rs. 33 crores in Q1FY25.
Order book and expansion
As of Q1FY25, Data Patterns had an order book of Rs. 1,017.1 crores, which grew by 6% QoQ. The company expects additional orders worth Rs. 600-800 crores to come in the next two quarters, which will take care of the next two years’ deliveries. Data patterns have received these orders from DRDO, Department of Space, BEL, HAL, BrahMos, Indian Navy, and Indian Air Force.
The company has completed constructing a new manufacturing facility in Q4FY23 and it has set ambitious targets for further expansion, with a capex of rupees 100+crores for FY 2025
Company profile:-
Data Patterns (India) Limited is a vertically integrated defense and aerospace electronics solutions supplier situated in India. They specialize in indigenous defense products. The company provides COTS boards, ATE and test systems, RF and microwave solutions, electronic warfare, cockpit and rugged displays, radar, and more.
Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on thekssnews.com are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Thekssnews.com or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
