BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Data Patterns India Ltd. reported better-than-expected Q4 FY22 results.
Revenue from operations increased 8.6% YoY to Rs 170.5 crore; in line with our expectation of Rs 169.8 crore.
Gross profit margin contracted 378 basis points YoY to 65% versus 68.8% in Q4 FY21. However, it was better than our estimate as raw material cost came lower than estimates.
Ebitda margin declined 519 basis points YoY to 51.3%; better than our estimate of 45.2%. Subsequently, Ebitda declined marginally by 1% YoY to Rs 87.5 crore (our estimate: Rs 76.8 crore).
Data Patterns' net profit declined 6.6% YoY to Rs 61.6 crore; better than our estimate of Rs 53.5 crore, primarily due to better than expected margins.
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