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Results
09-Feb-22
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Analysis
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Data Patterns (India)
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Strong show in Q3FY22
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Standalone sales for the quarter ended Dec 2021 was up strong 96% to Rs 43.84 crore with production contract up 106% to Rs 29.5 crore, the development contract was up 16% and service contract revenue up 183% to Rs 8.5 crore. Further with OPM jump to 35.6% from 2.1% in
corresponding previous period, the operating profit jumped to Rs 15.59 crore
from mere Rs 0.47 crore in corresponding previous period. On the back of higher
other income, lower interest cost and higher depreciation, the PBT was a profit
of Rs 11.91 crore compared to a loss of Rs 4.32 crore in the corresponding
previous period. The taxation was Rs 2.95 crore compared to Rs 0.08 crore in
the corresponding previous period. Eventually the PAT was up at RS 8.96 crore
compared to a loss of Rs 4.40 crore in the corresponding previous period.Nine month performance
For
the nine month ended Dec 2021, the sales was up 110% to Rs 140.31 crore. With
OPM expand to 38.1% (from 5.2%), the operating profit jumped to Rs 53.45 crore
from modest Rs 3.48 crore in corresponding previous period. Eventually the net
profit was up at Rs 32.16 crore compared to a loss of Rs 10.39 crore. Order bookThe
company in 9mFY22 have bagged orders worth Rs 220.1 crore (50% production; 48%
developmental and 2% service contracts) compared to mere Rs 95.4 crore in
corresponding previous period. Thus the
order backlog of the company as end of Dec 31, 2021 stood at Rs 577 crore (down
marginally from Rs 581.30 crore as end of Sep 30, 2021). So far in Q4FY22, the
company have announced bagging of Rs 27 crore orders. Further
the company expect to receive about Rs 500 crore orders in the next 12 months
and some of it are expected to come in Q4FY22 as well.
The
order book is diversified with production contracts making up 68% of the order
backlog, development orders 22%; and service 10%.Management commentCommenting on the financial performance Mr. Srinivasagopalan Rangarajan, Chairman &
Managing Director, Data Patterns (India) Limited, said: We debut with strong earnings in our first
results post IPO. In Q3FY22 our topline has doubled and we have maintained high profitability. Our
strong order book and bidding pipeline gives us good visibility of strong growth trajectory. Macro
environment remains favorable, and we are confident of delivering superior performance over next
few years. We maintain our focus on superior project execution, developing high quality products and
delivering cost efficient solutions to other customers” Other developmentsThe
company is a currently a net debt company as end of Dec 2021. Promoters’ stake was 45.62% as of 31 December 2021
| Data
Patterns (India) : Financial Results |
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| |
2112 (3) |
2012 (3) |
Var.(%) |
2112 (9) |
2012 (9) |
Var.(%) |
2103 (12) |
2003 (12) |
Var (%) |
| Sales |
43.84 |
22.41 |
96 |
140.31 |
66.88 |
110 |
223.95 |
156.10 |
43 |
| OPM (%) |
35.6 |
2.1 |
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38.1 |
5.2 |
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41.1 |
27.6 |
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| OP |
15.59 |
0.47 |
3217 |
53.45 |
3.48 |
1436 |
91.99 |
43.16 |
113 |
| Other income |
0.70 |
0.54 |
30 |
1.38 |
1.89 |
-27 |
2.60 |
4.09 |
-36 |
| PBIDT |
16.29 |
1.01 |
1513 |
54.83 |
5.37 |
921 |
94.59 |
47.25 |
100 |
| Interest |
2.65 |
3.86 |
-31 |
7.46 |
11.31 |
-34 |
14.50 |
13.34 |
9 |
| PBDT |
13.64 |
-2.85 |
LP |
47.37 |
-5.94 |
LP |
80.09 |
33.91 |
136 |
| Depreciation |
1.73 |
1.47 |
18 |
4.75 |
4.21 |
13 |
5.55 |
5.48 |
1 |
| PBT |
11.91 |
-4.32 |
LP |
42.62 |
-10.15 |
LP |
74.53 |
28.43 |
162 |
| EO Exp |
0.00 |
0.00 |
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0.00 |
0.00 |
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0.00 |
0.00 |
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| PBT after EO |
11.91 |
-4.32 |
LP |
42.62 |
-10.15 |
LP |
74.53 |
28.43 |
162 |
| Tax |
2.95 |
0.08 |
3588 |
10.46 |
0.24 |
4258 |
18.96 |
7.38 |
157 |
| PAT |
8.96 |
-4.40 |
LP |
32.16 |
-10.39 |
LP |
55.57 |
21.05 |
164 |
| PPT |
0.00 |
0.00 |
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0.00 |
0.00 |
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0.00 |
0.00 |
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| Net profit |
8.96 |
-4.40 |
LP |
32.16 |
-10.39 |
LP |
55.57 |
21.05 |
164 |
| EPS (Rs)* |
# |
# |
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# |
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10.7 |
4.1 |
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| *
on current equity of Rs 10.38 crore. Face Value: Rs 2 |
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| EPS is
calculated after excluding EO and relevant tax |
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| # EPS can
not be annualised due to seasonality in operations |
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| Figures in
Rs crore |
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| Source:
Capitaline Corporate database |
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