Data Patterns hosted a conference
call on Jan 30, 2023. In the conference call the company was represented by
Srinivasagopalan Rangarajan, Chairman & Managing Director.
Key takeaways of the call
Strong order book as on 31st Dec 2022
stood at Rs 888 crore (up 54% YoY) and of which 38% is production, 56% is
development and 6% service. Order inflow in Q3FY23 of Rs 163 crore (grew 3
times from Q3FY22 levels) comprising Rs 7 crore from Radar, Rs 24 crore from
Electronic Warfare, Rs 75 crore from Avionics and Navy and Rs 57 crore from
Others.
Order Book as on date is Rs 1,014
crore including orders received in Jan’23 and those finalized and yet to be
received.
In Q3FY23 the mix of Development:
Production: service contribution to revenue was in the ratio of 28:65:7 against
13:67:19 in Q3FY22 respectively.
Till date invested Rs 36 crore in
new facility. New Manufacturing facility is expected to be commenced from
Q4FY23.
The company is participating in
large tender values with MOD under Make 1 and Make 2 categories.
Expect further orders of Rs 150-200
crore for Q4FY23. Arudra almost in the stage of finalization which will result
in back to back contracts.
Become development partner Donier
upgrades – one each for radar and one for EWS are from DRDO.
Export revenue and order inflow
accounts to Rs 14 crore and Rs 11 crore respectively.
Component and spares availability
time is more predictable now compared to uncertainty over last 1 years. So
building inventory for longer period for uninterrupted execution will come
down.
The company expects to exceed the
revenue guidance of 25-30% for FY23. The company is working towards reducing
the execution and revenue booking get back ended in Q4.
Expects 25% revenue growth for
FY24 with EBITDA margin of about 40%.
Participating in fastrack
tenders such as Ashwini Radars which is
expected to out soon.
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