Data Patterns (India) Ltd Share Price – NSE  /  BSE

Aerospace & Defence, Small Cap

Torrent Power Ltd, Aegis Logistics Ltd, Gujarat Pipavav Port Ltd, Natco Pharma Ltd are among the other stocks to see a surge in volumes on BSE today, 16 February 2024.

Data Patterns (India) Ltd saw volume of 60.82 lakh shares by 10:47 IST on BSE, a 868.19 fold spurt over two-week average daily volume of 7005 shares. The stock increased 7.88% to Rs.2,001.35. Volumes stood at 10817 shares in the last session.

Torrent Power Ltd registered volume of 3.22 lakh shares by 10:47 IST on BSE, a 6.97 fold spurt over two-week average daily volume of 46287 shares. The stock slipped 1.95% to Rs.1,186.00. Volumes stood at 83399 shares in the last session.

Aegis Logistics Ltd saw volume of 3.93 lakh shares by 10:47 IST on BSE, a 5.69 fold spurt over two-week average daily volume of 68986 shares. The stock increased 3.82% to Rs.441.75. Volumes stood at 2.47 lakh shares in the last session.

Gujarat Pipavav Port Ltd recorded volume of 10.34 lakh shares by 10:47 IST on BSE, a 3.01 times surge over two-week average daily volume of 3.43 lakh shares. The stock gained 5.51% to Rs.201.95. Volumes stood at 8.18 lakh shares in the last session.

Natco Pharma Ltd registered volume of 1.39 lakh shares by 10:47 IST on BSE, a 2.69 fold spurt over two-week average daily volume of 51573 shares. The stock rose 12.53% to Rs.998.00. Volumes stood at 35759 shares in the last session.

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Revenue from operations jumped 24.77% to Rs 139.51 crore in the quarter ended 31 December 2023 as compared to Rs 111.81 crore recorded in the same period last year.

Profit before tax increased 47.22% to Rs 65.72 crore in Q3 FY24 as compared with Rs 44.64 crore recorded in the corresponding quarter last year.

Operational EBIDTA jumped 27.63% to Rs 60.04 crore in the third quarter of FY24 from Rs 47.04 crore reported in Q3 FY23.

Orders on hand as on 31 December 2023 was at Rs 975.40 crore and the order book will be Rs 1,009 crore, including orders negotiated converted into orders.

Srinivasagopalan Rangarajan, chairman & managing director, Data Patterns (India) said, “We are pleased to announce another successful quarter in-line with our expectations. Revenue grew by 25% YoY to Rs 1,395 million. We have consistently maintained robust margins, with Gross Margins at 68% and EBITDA Margins at 43%. This achievement reflects our unwavering dedication to excellence, innovation, and operational efficiency. Looking ahead, we are committed to ongoing investments in product development to seize the broader opportunities presented by the Government of India's Defense program.”

Data Patterns’ core competencies include design and development across electronic hardware, software, firmware, mechanical, product prototype besides its testing, validation and verification. Its involvement has been across Radars, Electronic Warfare Suites, Communications, Avionics, Small Satellites, Automated Test Equipment, COTS and programmes catering to Tejas Light Combat Aircraft, Light Utility Helicopter, BrahMos and other Communication & Electronic Intelligence Systems.

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Net profit of Data Patterns (India) rose 52.97% to Rs 50.97 crore in the quarter ended December 2023 as against Rs 33.32 crore during the previous quarter ended December 2022. Sales rose 24.77% to Rs 139.51 crore in the quarter ended December 2023 as against Rs 111.81 crore during the previous quarter ended December 2022.

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Data Patterns (India) will hold a meeting of the Board of Directors of the Company on 31 January 2024.

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