Data Patterns Q4 Review — Strong Growth Expected To Continue; But Rich Valuations Cap Upside: ICICI Direct

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. margins came in lower than estimates. Revenue was at Rs 185.1 crore; up 8.5% YoY. Sequentially, revenue was up 65.5% QoQ as execution remains better QoQ in Q4.Ebitda margin contracted 1165 basis points YoY and 244 bps QoQ to 39.6% on the higher raw material cost; Ebitda came in at Rs 73.4 crore, down 16.1% YoY. PAT declined 10.2% YoY (+66.1% QoQ) to Rs 55.4 crore.FY23 order inflows at Rs 901 crore; order backlog at Rs 1008 crore as on date.Key triggers for future price performance:Order backlog of Rs 1008 crore is to be executed over the next 1.5-2 years.Data Patterns's healthy order pipeline of Rs 2,000-3,000 crore in the next three to four years provides strong visibility.Defence electronics provides huge opportunity of ~Rs 1.5 lakh crore in next four to five years led by armed forces’ requirement of advanced systems.Radars, electronic warfare, communication systems, satellites, avionics, fire control systems, check-out systems for Brahmos remains the key focus areas.With successful completion of Rs 500 crore QIP, new products development for domestic and international markets remains a key focus area..Click on the attachment to read the full report:.HAL Q4 Results Review - Tejas Mk1A Timelines Are Critical: ICICI Securities.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Data Patterns Q4 Review — Strong Growth Expected To Continue; But Rich Valuations Cap Upside: ICICI Direct

Data Patterns' healthy order pipeline of Rs 2,000-3,000 crore in the next three to four years provides strong visibility.

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