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Results
24-May-22
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Analysis
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Data Patterns (India)
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Net down 7% hit by lower OPM
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Standalone
net sales (including other operating income) of Data Patterns (India) for the
quarter ended Mar 2022 has increased 9% to Rs 170.54 crore. Growth
at top-line was driven largely by strong 187% growth in revenue from
developmental contracts with the revenue from production and service contract
stood declined by 19% (to Rs 102.32 crore) and 46% (to Rs 5.12 crore). Operating
profit margin has declined from 56.5% to 51.5%, leading to 1% decline in
operating profit to Rs 87.46 crore. Lower OPM was largely due to order mix. Raw material cost as a % of
total sales (net of stock adjustments) increased from 19.67% to 32.19%.
Employee cost increased from 10.05% to 10.51%. Other
expenses fell from 4.31% to 3.79%. Other income up 377% to Rs 2.53
crore. PBIDT rose 1% to Rs 89.99 crore. Provision for interest
up 11% to Rs 3.53 crore. PBDT rose 0.49% to Rs 86.46
crore. Provision for depreciation rose 39% to Rs 1.89
crore. Profit before tax down 0.13% to Rs 84.57 crore. Provision
for tax was expense of Rs 22.95 crore, compared to Rs 18.72
crore. Effective tax rate was 27.14% compared to 22.11%. Profit
after tax fell 7% to Rs 61.62 crore.
Full year results analysis
Net sales (including other operating income) has increased 38.80% to Rs 310.85
crore. Revenue from developmental contract was up 113% to Rs 77.71 crore.
The revenue from production and service contract was up by 24% and 26%
respectively to Rs 211.38 crore and Rs 21.76 crore. Operating profit
margin has jumped from 41.08% to 45.37%, leading to 53.32% rise in operating
profit to Rs 141.04 crore. Raw material cost as a % of total sales
(net of stock adjustments) decreased from 29.08% to 28.95%.
Employee cost decreased from 22.36% to 19.71%. Other
expenses rose from 6.06% to 6.76%. Other income up 52.31% to Rs
3.96 crore. PBIDT rose 53.29% to Rs 145 crore. Provision
for interest fell 24.21% to Rs 10.99 crore. PBDT rose 67.32% to Rs
134.01 crore. Provision for depreciation rose 19.03% to Rs 6.63
crore. Profit before tax grew 70.93% to Rs 127.38
crore. Provision for tax was expense of Rs 33.41 crore, compared to
Rs 18.95 crore. Effective tax rate was 26.23% compared to 25.43%. Profit
after tax rose 69.10% to Rs 93.97 crore.
Order book
Order book as on 31st March
stood strong at Rs 480 crore. Order
inflows in Q4FY22 at Rs 69.7 crore (grew 70%YoY) and Rs 289 crore in FY22.
Other developments
Equity capital increased from Rs 1.70
crore as of 31 March 2021 to Rs 10.38 crore as of 31 March 2022. Per
share face Value remained same at Rs 2.00.
Promoters’ stake was 45.62% as of 31
March 2022
Loan funds declined from Rs 37.17 crore
as of 31 March 2021 to Rs 9.20 crore as of 31 March
2022. Inventories rose to Rs 119.77 crore as of 31 March 2022 from
Rs 73.74 crore as of 31 March 2021. Sundry debtors were higher at Rs
198.31 crore as of 31 March 2022 compared to Rs 155.94 crore as of 31 March
2021. Cash and bank balance rose to Rs 177.08 crore as of 31 March
2022 from Rs 8.80 crore as of 31 March 2021. Fixed assets increased to
Rs 63.43 crore as of 31 March 2022 from Rs 32.65 crore as of 31 March
2021. Intangible assets increased from Rs 0.56 crore to Rs 1.35 crore.
Cash flow from operating activities
decreased to Rs 50.28 crore for year ended March 2022 from Rs 54.31 crore for
year ended March 2021. Cash flow used in acquiring fixed assets
during the year ended March 2022 stood at Rs 38.20 crore, compared to Rs 5.68
crore during the year ended March 2021.
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Data
Patterns (India) : Financial Results
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2203
(3)
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2103
(3)
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Var.(%)
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2103
(12)
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2103
(12)
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Var (%)
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Sales
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170.54
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157.06
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9
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310.85
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223.95
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39
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OPM (%)
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51.3
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56.5
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45.4
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41.1
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OP
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87.46
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88.70
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-1
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141.04
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91.99
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53
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Other
income
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2.53
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0.53
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377
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3.96
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2.60
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52
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PBIDT
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89.99
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89.23
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1
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145.00
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94.59
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53
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Interest
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3.53
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3.19
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11
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10.99
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14.50
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-24
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PBDT
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86.46
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86.04
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0
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134.01
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80.09
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67
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Depreciation
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1.89
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1.36
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39
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6.63
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5.57
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19
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PBT
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84.57
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84.68
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0
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127.38
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74.52
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71
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EO Exp
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0.00
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0.00
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0.00
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0.00
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PBT
after EO
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84.57
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84.68
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0
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127.38
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74.52
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71
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Tax
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22.95
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18.72
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23
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33.41
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18.96
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76
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PAT
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61.62
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65.96
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-7
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93.97
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55.56
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69
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PPT
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0.00
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0.00
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0.00
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0.00
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Net
profit
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61.62
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65.96
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-7
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93.97
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55.56
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69
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EPS
(Rs)*
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#
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#
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18.1
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10.7
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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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