- 24 May 2022
- ICICIdirect Research
Data Patterns posts Q4FY22 results
DATAPATTNS - 2804 Change: 27.20 (0.98 %)News: Revenue increased 8.6% YoY to Rs. 170.5 crore in Q4FY22. EBITDA declined marginally by 1% YoY to Rs. 87.5 crore with margin declined 519 bps YoY to 51.3%. Net profit declined 6.6% YoY to Rs. 61.6 crore. Sequentially, the overall numbers are significantly better as over 50% of the annual revenue gets booked in Q4. On a full year basis, revenues grew 38.8% YoY to Rs. 310.9 crore in FY22. EBITDA increased 53.3% YoY to Rs. 141 crore. PAT was at Rs. 94 crore; increasing 69.1% YoY
Views: Though the revenue was in line with our estimate, operating margin was better than expectations due to lower-than-expected raw material cost. Going forward, healthy order book position at Rs. 476 crore with robust orders pipeline (as the company is expected to be a major participant for Rs. 2000-3000 crore worth of contracts in the next three to four years) gives strong revenue visibility. We believe that the company is well placed to benefit from huge opportunities in the defence electronics space
Impact: Positive