Data Patterns (India) posts Q4 net at Rs 61.62 cr

New Delhi: Defence and aerospace electronics solutions provider Data Patterns (India) Ltd has clocked profit after tax for the quarter ending March 31, 2022, at Rs 61.62 crore, the company said on Tuesday. The city-based company had registered a profit after tax at Rs 65.96 crore during the corresponding quarter previous year.

For the year ending March 31, 2022, PAT grew to Rs 93.97 crore, from Rs 55.56 crore registered a year ago.

Total income during the quarter under review went up to Rs 173.07 crore, from Rs 157.59 crore registered the same quarter last fiscal.

For the year ending March 31, 2022, total income surged to Rs 314.81 crore, from Rs 226.55 crore registered a year ago.

Speaking to Defence Watch the company's Chairman and Managing Director, Srinivasagopalan Rangarajan said, "our results are in line with our expectations. Our primary focus now is to create a strong order book and increase operational efficiency".

"Data Patterns (India) continue to invest heavily in next-gen technology to keep increasing our product portfolio and sustain growth. We have large project orders in the pipeline which allows us to scale up rapidly", he said.

"A large international market exists for design services in electronics and embedded software. Based on our existing competencies, we would like to address these export opportunities for design services and prototype manufacturing in the coming years", he said.

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