Chennai-based Data Patterns (India) Ltd has reported a 29% increase in net profit for the fourth quarter ended March 31, 2024, reaching ₹71 crore compared to ₹55 crore in the same period last year. However, the company’s revenue saw a slight decline, dropping to ₹182 crore from ₹185 crore in the corresponding quarter of the previous year.
For the full fiscal year ending March 31, 2024, Data Patterns reported a significant 48% increase in net profit, amounting to ₹182 crore, up from ₹124 crore the previous year. The company’s annual revenue also rose by 16%, reaching ₹519 crore compared to ₹453 crore the previous year. The company’s order book as of April 1, 2023, stood at ₹924 crore, according to a press release.
Srinivasagopalan Rangarajan, Chairman & Managing Director of Data Patterns (India) Limited, expressed satisfaction with the company’s performance. “I am pleased to report that we had a successful FY 2023-24. Order inflows have aligned with our guidance, with deliveries scheduled for the next quarter. Going forward, we remain committed to excellence and innovation in product development, leveraging opportunities in the Indian defence sector,” he stated.
Data Patterns is a prominent manufacturer, seller, and service provider of defence electronics. The company’s strong financial performance is indicative of its growing foothold in the Indian defence sector, a market that offers substantial opportunities for growth and development.
Despite the marginal decline in quarterly revenue, the company’s robust profit growth and substantial order book highlight its resilience and strategic focus on innovation and excellence in defence electronics. Data Patterns’ commitment to leveraging opportunities in the Indian defence sector positions it well for continued success in the coming years.
