Data Patterns India (DATAPATTNS) Q4 22/23 earnings summary

Executive summary

• FY23 revenue from operations rose 46% YoY to ₹453.45 Cr; PAT increased 32% to ₹124 Cr, with growth attributed to higher order inflow and timely execution.

• Record order inflow reached ₹901.4 Cr, while the March 2023 order book rose 94% YoY to ₹924 Cr.

• Focus remains on integrated defence and aerospace systems, in-house product development and scaling manufacturing and testing capacity.

Financial highlights

• Total income was ₹462.67 Cr versus ₹314.81 Cr; PBT rose to ₹164.84 Cr from ₹127.38 Cr.

• EBITDA increased 22% YoY to ₹171.81 Cr; PAT grew 32% to ₹124 Cr.

• Revenue from radar and electronic warfare products was ₹267.58 Cr, up from ₹152 Cr; revenue growth came across product categories.

• Operating cash flow was negative ₹17.24 Cr versus positive ₹52.19 Cr, reflecting higher working-capital absorption, especially receivables and inventory.

Outlook and guidance

• FY23 revenue growth of 46% exceeded guidance; management cited more consistent quarterly performance and reduced seasonality.

• Product investment is planned in satellite, radar, electronic warfare and communications; initial launches target domestic markets, with potential later expansion internationally.

• A ₹924 Cr closing order book and new production infrastructure support execution and growth visibility.