Data Patterns India (DATAPATTNS) Q4 20/21 earnings summary

Executive summary

• FY2020-21 revenue from customer contracts rose 43.47% YoY to ₹223.95 crore; EBITDA increased to ₹94.59 crore and PAT to ₹55.56 crore.

• Results reflect the amalgamation with the wholly owned subsidiary, with FY2020-21 presented after the merger and FY2019-20 comparatives restated from the appointed date of 1 April 2018.

Financial highlights

• Total revenue, including other income, was ₹226.55 crore versus ₹160.20 crore; PBT was ₹74.52 crore versus ₹28.47 crore.

• PAT was ₹55.56 crore versus ₹21.08 crore; EPS was ₹327 versus ₹124, on a ₹10 face value per share.

• Operating cash flow rose to ₹54.90 crore from ₹13.45 crore; cash and cash equivalents ended the year at ₹8.80 crore versus ₹1.51 crore.

• EBITDA was ₹94.59 crore, or 42.24% of operating revenue, versus ₹47.27 crore and 30.28% in FY2019-20; net profit margin was 24.52% versus 13.16%.

Outlook and guidance

• The IPO preparation process was underway after a June 2021 board decision; the report anticipated completing conversion to a public limited entity and related steps by calendar year-end.

• The Indian economy was projected to grow at high-single-digit rates in FY2021-22, with the second pandemic wave cited as a constraint.

• The Indian defence and aerospace market was projected to reach $70 billion by 2030; defence electronics market estimates cited growth from $1.88 billion in 2021 to $6.99 billion by 2030.