Rs 967.11 crore order book: Multibagger aerospace & defence company reports 82 per cent jump in net profit, scrip up by 155 per cent!
The stock gave multibagger returns of 155 per cent in just 1 year whereas BSE Sensex Index is up by 11.51 per cent.
Data Patterns (India) Ltd, a leading aerospace & defence company in India announced its Quarterly Results which ended June 30, 2023. Details below:
Financial Highlights for the Q1FY24:
- Total Revenue stood at Rs 89.69 crore, up 31.16 per cent over Q1FY23.
- EBITDA stood at Rs 39.44 crore, up 7185 per cent over Q1FY23.
- Profit After Tax of Rs 25.83 crore, up 82 per cent over Q1FY23.
- The EPS for Q1FY24 is Rs 4.61.
- As of June 30, 2023, the company’s order book stands at Rs 927.11 crore with order inflow in Q1FY24 of Rs 132.70 crore, growing 2.9x YoY.
Data Patterns (India) Limited is one of the fastest-growing companies in the defence and aerospace electronics sector in India. It is among the few vertically integrated defence and aerospace electronics solutions providers catering to the indigenously developed defence products industry. According to the annual results, the net sales increased by 45.87 per cent to Rs 453.45 crore and net profit increased by 31.96 per cent to Rs 124 crore in FY23 compared to FY22.
The company has made significant progress in reducing its debt and is now on track to become debt-free. It has also consistently paid out a generous dividend of 19.9 per cent, demonstrating its commitment to rewarding shareholders while maintaining financial stability. The company has a market cap of over Rs 11,000 crore.
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Today, shares of Data Patters surged 5.10 per cent to an intraday high of Rs 2,130 per share from its previous closing of Rs 2,026.60. The shares of the company saw a spurt in volume by more than 4 times on BSE.
The stock gave multibagger returns of 155 per cent in just 1 year whereas BSE Sensex Index is up by 11.51 per cent. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.