Data Patterns PAT drops 55%; Revenue down by 56% | Chennai News


Data Patterns PAT drops 55%; Revenue down by 56%

Chennai: Defense and aerospace electronics systems provider Data Patterns’ profit after tax for the second quarter declined 55% to Rs 21.97 crore against Rs 49.19 crore in the corresponding period last financial year.Revenue from operations reduced by 56.7% to Rs 133 crore from Rs 307 crore in the same period last quarter. It stood at Rs 249 crore for the first half of the year, compared to Rs 407 crore in the same period last year.The company’s total income for the quarter was Rs 141.44 crore, against Rs 313 crore in the corresponding quarter of the last financial year. The company said quarter’s performance was more muted due exceptionally strong execution in second quarter of FY26. With several programs progressing and deliveries expected to pick up, second half of the 2027 fiscal is expected to be stronger than first half, it said.The company expressed confidence on business outlook from a strong order pipeline and continued progress in execution, adding that they remain on track to achieve full-year targets and that FY27 guidance remains unchanged. Srinivasagopalan Rangarajan, chairperson and managing director of Data Patterns, said the business momentum and order inflow during H1FY27 has been encouraging. “We received fresh orders worth Rs 929 crores in Q2FY27, taking H1FY27 inflows to Rs 1,046 crore, nearly three times the level recorded in H1FY26. Our current order book, including orders received and negotiated, stands at approximately Rs 2,698 crore, providing healthy revenue visibility. We are also seeing encouraging opportunities for larger, complete-system contracts across radar, electronic warfare and communication systems, supported by our investments in technology and manufacturing capabilities,” he said in a statement.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *