‘Data Patterns expects fast tracking of defence orders'
Chennai: Data Patterns (India), a defense and aerospace electronics systems provider, expects fast tracking of defence orders in the current fiscal due to the tensions in the border, according to a senior executive of the company.
'Because of the present situation, orders for some of our products are likely to fast track, for which enquiries are going on. We are likely to get more orders for units delivered earlier and which have performed well during the operations,' Srinivasagopalan Rangarajan, chairman and managing director of Data Patterns, told TOI.
'We expect some large contracts to happen during the course of this year and development has already started so that if order comes, we should be able to deliver quickly,' he said without divulging further details on the size or products given the sensitivity of the subject.
The company's current order book stands at Rs 860 crore and it expects to complete around 80% in the current fiscal. Last April its order book stood at Rs 1,083 crore.
The company's guidance expects 20% to 25% growth in top and bottom line growth in FY26.
Data Patterns is involved in radars, electronic warfare suites and programmes catering to Tejas Light Combat Aircraft, Light Utility Helicopter, BrahMos and works with Hindustan Aeronautics, Bharat Electronics and DRDO.
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It also designs and develops complete products for both domestic (ministry of defence contracts) and export market, which is expected to materialise after testing and approvals. 'Some of these products are in advanced stages of completion and we are making at least Rs 150 crores for building infrastructure and competencies,' Rangarajan added.
The company reported a 22% growth in profit after tax in 2024-25 (FY25) fiscal year to Rs 222 crore and 33% increase in total revenue to Rs 755 crore. For the March quarter of FY25, its revenue jumped 109% to Rs 407 crore and PAT grew 61% to Rs 114 crore. The company's board has recommended a final dividend of Rs 7.90 per share.
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