Data Patterns India (DATAPATTNS) Q4 21/22 earnings summary

Executive summary

• FY22 revenue from operations rose 38.9% to ₹310.85 crore; PAT increased 69% to ₹93.97 crore, both record results. EBITDA margin reached 47%, up 500 bps YoY.

• Growth came despite pandemic-related supply-chain constraints; the ₹476 crore order book at year-end was expected to be executed over the next two years, alongside new orders.

Financial highlights

• Total income was ₹314.81 crore versus ₹226.55 crore; PBT rose to ₹127.38 crore from ₹74.52 crore, and PAT to ₹93.97 crore from ₹55.56 crore.

• Revenue from operations grew 38.9% YoY; other income increased 52% to ₹3.96 crore and was 1.26% of revenue.

• Total expenses rose 23% to ₹187.43 crore; material costs were ₹91.59 crore and employee expenses ₹62.35 crore.

• Operating cash flow was ₹50.25 crore, while cash and cash equivalents closed at ₹177.08 crore, including unutilized IPO proceeds.

Outlook and guidance

• Management expected the ₹476 crore order book at March 31, 2022 to be liquidated over two years, with additional orders providing further opportunity.

• Expanded infrastructure, including about 100,000 sq. ft. of added area, was expected to be ready from H2 FY23; the broader expansion project was targeted for completion before FY23-end.

• Strategic priorities include larger system contracts, repeat manufacturing orders, space and satellite work, DRDO programmes, international collaborations and recruitment to support potential ~4x scaling.