Standalone net sales (including other operating income) of Data Patterns (India) for the quarter ended Sep 2022 has increased 48.87% to Rs 88.16 crore. Operating profit margin has declined from 34.72% to 34.21%, leading to 46.69% rise in operating profit to Rs 30.16 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 30.40% to 44.92%. Employee cost decreased from 24.33% to 18.43%. Other expenses fell from 11.00% to 7.60%. Other income up 516.67% to Rs 1.85 crore. PBIDT rose 53.45% to Rs 32.01 crore. Provision for interest fell 53.08% to Rs 1.22 crore. PBDT rose 68.62% to Rs 30.79 crore. Provision for depreciation rose 40.13% to Rs 2.13 crore. Profit before tax grew 71.21% to Rs 28.66 crore. Provision for tax was expense of Rs 7.61 crore, compared to Rs 3.85 crore. Effective tax rate was 26.55% compared to 23.00%. Profit after tax rose 63.30% to Rs 21.05 crore. Half yearly performance Net sales (including other operating income) of Data Patterns (India) has increased 62.30% to Rs 156.54 crore. Operating profit margin has declined from 39.21% to 32.84%, leading to 35.93% rise in operating profit to Rs 51.41 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 25.80% to 42.50%. Employee cost decreased from 27.67% to 20.77%. Other expenses fell from 9.32% to 7.57%. Other income up 386.30% to Rs 3.55 crore. PBIDT rose 42.57% to Rs 54.96 crore. Provision for interest fell 42.41% to Rs 2.77 crore. Loan funds declined from Rs 55.60 crore as of 30 September 2021 to Rs 14.07 crore as of 30 September 2022. Inventories rose to Rs 177.79 crore as of 30 September 2022 from Rs 86.82 crore as of 30 September 2021. Sundry debtors were higher at Rs 249.65 crore as of 30 September 2022 compared to Rs 134.53 crore as of 30 September 2021. Cash and bank balance rose to Rs 68.49 crore as of 30 September 2022 from Rs 7.69 crore as of 30 September 2021. PBDT rose 54.68% to Rs 52.19 crore. Provision for depreciation rose 38.85% to Rs 4.11 crore. Fixed assets increased to Rs 91.58 crore as of 30 September 2022 from Rs 39.98 crore as of 30 September 2021. Intangible assets increased from Rs 1.19 crore to Rs 1.74 crore. Profit before tax grew 56.21% to Rs 48.08 crore. Provision for tax was expense of Rs 12.79 crore, compared to Rs 7.57 crore. Effective tax rate was 26.60% compared to 24.59%.Profit after tax rose 52.05% to Rs 35.29 crore. Equity capital increased from Rs 9.35 crore as of 30 September 2021 to Rs 10.38 crore as of 30 September 2022. Per share face Value remained same at Rs 2.00. Promoters’ stake was 45.62% as of 30 September 2022 ,compared to 59.94% as of 30 September 2021 . Cash flow from operating activities has turned negative Rs 72.08 crore for YTD ended September 2022 from positive Rs 35.10 crore for YTD ended September 2021. Cash flow used in acquiring fixed assets during the YTD ended September 2022 stood at Rs 15.37 crore, compared to Rs 11.18 crore during the YTD ended September 2021.
Order book updateOrder inflow in Q2FY23 was Rs
471.3 crore and the order book as end of Sep 30, 2022 stood strong at Rs Rs 836.6
crore . Including orders received in Oct 2022 and those finalized and yet to be
received the order book as end of Oct 31, 2022 stood at Rs 1012 crore.
Management Comments
Srinivasagopalan Rangarajan Promoter, Chairman & Managing Director said that “Data Patterns is uniquely positioned to benefit from the strong sectoral tailwinds given our R&D strength and our manufacturing capabilities. Our current quarterly performance is one of the best in the history of the company and has surpassed our internal targets. We are confident of delivering on our stated guidance of 25%-30% topline growth given our strong and growing order book”. | Data Patterns (India) : Standalone Results | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202209 | 202109 | Var.(%) | 202209 | 202109 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 88.16 | 59.22 | 48.87 | 156.54 | 96.45 | 62.30 | 310.85 | 223.95 | 38.80 | | OPM (%) | 34.21 | 34.72 | -51 bps | 32.84 | 39.21 | -637 bps | 45.37 | 41.08 | 430 bps | | OP | 30.16 | 20.56 | 46.69 | 51.41 | 37.82 | 35.93 | 141.04 | 91.99 | 53.32 | | Other Inc. | 1.85 | 0.30 | 516.67 | 3.55 | 0.73 | 386.30 | 3.96 | 2.60 | 52.31 | | PBIDT | 32.01 | 20.86 | 53.45 | 54.96 | 38.55 | 42.57 | 145.00 | 94.59 | 53.29 | | Interest | 1.22 | 2.6 | -53.08 | 2.77 | 4.81 | -42.41 | 10.99 | 14.5 | -24.21 | | PBDT | 30.79 | 18.26 | 68.62 | 52.19 | 33.74 | 54.68 | 134.01 | 80.09 | 67.32 | | Depreciation | 2.13 | 1.52 | 40.13 | 4.11 | 2.96 | 38.85 | 6.63 | 5.57 | 19.03 | | PBT | 28.66 | 16.74 | 71.21 | 48.08 | 30.78 | 56.21 | 127.38 | 74.52 | 70.93 | | PBT before EO | 28.66 | 16.74 | 71.21 | 48.08 | 30.78 | 56.21 | 127.38 | 74.52 | 70.93 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 28.66 | 16.74 | 71.21 | 48.08 | 30.78 | 56.21 | 127.38 | 74.52 | 70.93 | | Taxation | 7.61 | 3.85 | 97.66 | 12.79 | 7.57 | 68.96 | 33.41 | 18.95 | 76.31 | | PAT | 21.05 | 12.89 | 63.30 | 35.29 | 23.21 | 52.05 | 93.97 | 55.57 | 69.10 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 21.05 | 12.89 | 63.30 | 35.29 | 23.21 | 52.05 | 93.97 | 55.57 | 69.10 | | EPS (Rs)* | 4.06 | 2.48 | 63.30 | 6.80 | 4.47 | 52.05 | 18.11 | 10.71 | 69.10 | | | * EPS is on current equity of Rs 10.38 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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