DATAPATTNS - Data Pattern
📢 Recent Corporate Announcements
Data Patterns reported a strong Q3 FY26 with revenue growing 48% YoY to ₹170 crores and 9-month revenue surging 86% to ₹580 crores. The company's order book reached an all-time high of ₹1,868 crores, driven by large production and development orders in electronic warfare and avionics. EBITDA margins remained robust at 44%, supported by high-value in-house IP-driven products. Management maintained a medium-term revenue growth guidance of 20-25% while remaining net debt-free.
- Order book reached a record high of ₹1,868 crores, providing strong multi-year revenue visibility.
- Q3 FY26 revenue grew 48% YoY to ₹170 crores, while 9M FY26 revenue rose 86% to ₹580 crores.
- EBITDA for the quarter stood at ₹78 crores with a healthy margin of 44% due to in-house IP development.
- Production contributed 57% and development 37% to the total revenue mix for the nine-month period.
- The company has been shortlisted for the AMCA production RFP in partnership with Bharat Forge.
Data Patterns (India) Limited has made the audio recording of its Q3 FY26 earnings conference call available to the public. The call, which took place on February 06, 2026, followed the announcement of the company's unaudited financial results for the quarter ended December 31, 2025. This disclosure is a routine regulatory requirement under SEBI (LODR) Regulations, 2015. Investors can access the recording via the company's website to gain deeper insights into management's commentary on quarterly performance.
- Audio recording of the Q3 FY26 earnings call is now accessible on the company's website.
- The conference call was conducted on February 06, 2026, at 09:15 A.M. IST.
- The update follows the release of unaudited financial results for the period ending December 31, 2025.
- Compliance filing made under Regulation 30(6) of SEBI Listing Obligations and Disclosure Requirements.
Data Patterns reported a robust Q3FY26 with revenue growing 47.9% YoY to ₹1,731 Mn and EBITDA increasing 43.6% to ₹776 Mn. The company achieved an all-time high order book of ₹1,868 Cr, providing strong revenue visibility for the next 18-24 months. Management has maintained a positive outlook with a guidance of 20-25% revenue growth and 35-40% EBITDA margins for FY26. A significant milestone was achieved with the successful export and site acceptance of a Transportable Precision Approach Radar to a European country.
- Revenue increased by 47.9% YoY to ₹1,731 Mn, while Net Profit rose 30.5% to ₹583 Mn in Q3FY26.
- Order book reached a record high of ₹18,680 Mn (₹1,868 Cr), with a further pipeline of ₹20-30 Bn expected over 18-24 months.
- Maintained superior profitability with an EBITDA margin of 44.8% and a Gross Margin of 77.4% for the quarter.
- Successfully exported and completed Site Acceptance Test (SAT) for a Transportable PAR to a European nation.
- The company remains net debt-free with cash, bank, and investments totaling ₹2,646 Mn as of December 31, 2025.
Data Patterns (India) Limited reported a robust performance for Q3 FY26, with revenue from operations growing 48% YoY to Rs 173.13 crore. Profit After Tax (PAT) increased by 31% YoY to Rs 58.30 crore, though PAT margins saw a slight compression to 33.67% compared to 38.16% in the previous year. The most significant highlight is the total order book reaching an all-time high of Rs 1,867.8 crore, providing massive revenue visibility for the coming years. Operational EBITDA also showed strong growth of 44% YoY, maintaining a healthy margin of 44.81%.
- Revenue from operations grew 48% YoY to Rs 173.13 Cr in Q3 FY26.
- EBITDA increased by 44% YoY to Rs 77.58 Cr with a healthy margin of 44.81%.
- Total order book reached a record Rs 1,867.8 Cr, including Rs 1,107.8 Cr where negotiations are completed.
- 9-month revenue from operations surged 86% YoY to Rs 579.92 Cr compared to the previous year.
- Profit After Tax (PAT) for Q3 rose 31% YoY to Rs 58.30 Cr.
Data Patterns (India) Limited has officially approved its unaudited financial results for the quarter and nine months ended December 31, 2025. The board meeting, held on February 05, 2026, concluded with a clean Limited Review Report from statutory auditors Deloitte Haskins & Sells. The report confirms that the financial statements comply with Indian Accounting Standards (Ind AS 34) and contain no material misstatements. This announcement fulfills the company's regulatory obligations under SEBI Listing Regulations.
- Board approved unaudited financial results for the quarter and nine months ended December 31, 2025
- Statutory auditors Deloitte Haskins & Sells issued a clean Limited Review Report with no qualifications
- The board meeting commenced at 1:30 PM IST and concluded at 4:00 PM IST on February 05, 2026
- Financials prepared in accordance with Indian Accounting Standard 34 (Interim Financial Reporting)
Data Patterns (India) Limited has scheduled its earnings conference call to discuss financial results for the quarter and nine months ended December 31, 2025. The call is slated for February 06, 2026, at 09:15 AM IST. Top management, including the Chairman & Managing Director and the CFO, will be present to address investor queries. This is a standard procedure following the release of quarterly financial results to provide clarity on business performance.
- Earnings conference call scheduled for February 06, 2026, at 09:15 AM IST.
- The call will discuss financial results for the quarter (Q3) and nine months (9M) ended December 31, 2025.
- Key participants include Chairman & MD Srinivasagopalan Rangarajan and CFO Venkata Subramanian.
- Universal dial-in numbers provided are +91 22 6280 1557 and +91 22 7115 8383.
Data Patterns (India) Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the period ending December 31, 2025. The Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirmed that no requests for dematerialization were received during this quarter. The company further confirmed that all its securities are already held in electronic (demat) form. This is a standard procedural filing required for all listed companies in India to maintain transparency in shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025
- Zero requests for dematerialization of securities received during the reporting period
- Confirmation that 100% of the company's securities are currently in demat form
- Certificate issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited
Data Patterns (India) Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This mandatory regulatory step is taken in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming financial results for the quarter ended December 31, 2025. The window will remain closed until 48 hours after the financial results are officially declared to the exchanges. The specific date for the Board Meeting to approve these results will be communicated in due course.
- Trading window closure effective from Thursday, January 1, 2026.
- Closure pertains to the financial results for the quarter ended December 31, 2025.
- Window to reopen 48 hours after the official announcement of results.
- Applies to all connected persons, designated persons, and insiders as per the Company's Code of Conduct.
ICRA has upgraded Data Patterns (India) Limited's long-term credit rating for its Rs. 50 crore cash credit facility to [ICRA]A+ from [ICRA]A, with a Stable outlook. The short-term rating for Rs. 725 crore in bank guarantee facilities was reaffirmed at [ICRA]A1. This rating action covers total bank facilities of Rs. 775 crore across multiple Tier-1 banks including HDFC and SBI. The upgrade indicates an improved financial profile and better credit risk management by the company.
- Long-term rating for Rs. 50 crore facility upgraded to [ICRA]A+ (Stable) from [ICRA]A (Positive)
- Short-term rating for Rs. 725 crore bank guarantee facilities reaffirmed at [ICRA]A1
- Total bank loan facilities rated by ICRA stand at Rs. 775 crore
- Rating involves major lenders including Axis Bank, HDFC Bank, ICICI Bank, and SBI
- Upgrade reflects improved creditworthiness and operational stability of the defense electronics player
Financial Performance
Revenue Growth by Segment
Revenue from operations grew 36% in FY25 to INR 708.35 Cr from INR 519.80 Cr in FY24. In Q2FY26, the segment mix was Production at 63% (INR 193.7 Cr), Development at 33% (INR 101.5 Cr), and Service at 4% (INR 12.3 Cr). H1FY26 revenue grew 109% YoY to INR 407 Cr.
Geographic Revenue Split
Domestic revenue accounted for 85% of FY25 operations. Export revenue significantly increased by 234% to INR 107 Cr in FY25 (15% of revenue) from INR 32 Cr in FY24 (6% of revenue), driven by new radar supplies to NATO countries.
Profitability Margins
Gross Margin for FY25 was 61%, down from 68% in FY24 due to a 67% increase in material costs. PAT margin for FY25 was 31.3% (INR 221.81 Cr) compared to 35% (INR 181.69 Cr) in FY24. Q2FY26 PAT margin dropped to 16% due to a low-margin strategic contract.
EBITDA Margin
EBITDA margin for FY25 stood at 38.8% (INR 275 Cr) vs 42.6% in FY24. Q2FY26 EBITDA margin was 22% (INR 68.5 Cr), a significant drop from 44% in Q2FY25, caused by the execution of a strategic INR 180 Cr low-margin contract intended to secure long-term opportunities.
Capital Expenditure
The company utilized QIP funds of INR 500 Cr for product development in Radar, EW, and Communication systems. As of March 2025, INR 86 Cr of QIP funds remained unutilized. Infrastructure was expanded in FY25 to support increased business volume, reflected in a 27% rise in administrative expenses.
Credit Rating & Borrowing
CRISIL and ICRA maintain a 'Positive' outlook with an A+ rating. Finance costs increased 30% to INR 12 Cr in FY25 due to additional working capital limits for Bank Guarantees. The company remains net debt-free with an interest coverage ratio of 25.45x.
Operational Drivers
Raw Materials
Critical electronic components and raw materials for defense electronics; material costs represent 39% of revenue in FY25, having increased 67% YoY.
Import Sources
Sourced from international suppliers in regions including the United Kingdom and other global markets to support high-spec defense requirements.
Key Suppliers
Not specifically named in available documents, but identified as international electronic component manufacturers and specialized defense hardware vendors.
Capacity Expansion
Current infrastructure supports an order book of INR 673.6 Cr (H1FY26). The company is building additional infrastructure to address a pipeline of INR 2,000-3,000 Cr over the next 18-24 months.
Raw Material Costs
Material costs increased by 67% in FY25, outpacing the 36% revenue growth. This reduced gross margins to 61%. Procurement is managed through strategic alliances and long-term supply chains to mitigate geopolitical disruptions.
Manufacturing Efficiency
Employee benefit expenses as a percentage of revenue improved to 16% in FY25 from 19% in FY24, despite a headcount increase from 1,345 to 1,545 employees.
Strategic Growth
Expected Growth Rate
20-25%
Growth Strategy
The company plans to build a dedicated marketing organization for exports, continue product development to build full systems for a larger Total Addressable Market (TAM), and maintain a net debt-free status while executing a pipeline of INR 20-30 billion in orders over 18-24 months.
Products & Services
Radars, Electronic Warfare (EW) systems, Communication systems, Avionics, Automatic Test Equipment (ATE), Fire Control Systems (FCS), and Naval Systems.
Brand Portfolio
Data Patterns (India) Limited.
New Products/Services
New radars supplied to NATO countries and EW products developed using QIP funds are expected to contribute significantly to the 20-25% growth guidance.
Market Expansion
Expansion into international markets via strategic alliances and joint ventures, specifically targeting NATO countries and the UK.
Market Share & Ranking
Not disclosed as a specific percentage, but recognized as a key private player in the Indian defense electronics space.
Strategic Alliances
Strategic alliances with international defense contractors and domestic entities like BrahMos Aerospace and DRDO.
External Factors
Industry Trends
The industry is shifting toward indigenization with 'Make in India' policies and import bans on defense items. The sector is growing, and Data Patterns is positioning itself to move from sub-system to full-system integration.
Competitive Landscape
Competes with DPSUs like BEL and HAL, as well as other private players, though often acts as a supplier/partner to BEL and HAL.
Competitive Moat
Moat is built on 30+ years of experience in mission-critical electronics and end-to-end capabilities in EW and Radars. This is sustainable due to high entry barriers and long development cycles in defense.
Macro Economic Sensitivity
Highly sensitive to Indian government defense budgets and 'Atmanirbhar Bharat' indigenization policies which favor domestic procurement.
Geopolitical Risks
Supply chain disruptions for electronic components due to global policy changes or raw material shortages pose a threat to execution timelines.
Regulatory & Governance
Industry Regulations
Subject to Ministry of Defence (MoD) procurement cycles, export controls, and stringent compliance requirements for defense electronics.
Taxation Policy Impact
Effective tax rate was approximately 24.9% in FY25 (INR 73.53 Cr tax on INR 295.34 Cr PBT).
Risk Analysis
Key Uncertainties
Dependence on government spending (64%+ from DRDO) and potential technology obsolescence if innovation does not keep pace with global standards.
Geographic Concentration Risk
85% of revenue is domestic (India), though export share grew from 6% to 15% in one year.
Third Party Dependencies
High dependency on international vendors for specialized electronic components which are critical for production.
Technology Obsolescence Risk
Rapid advancements in defense tech could render existing solutions obsolete; mitigated by continuous R&D using QIP funds.
Credit & Counterparty Risk
Receivables are primarily from government agencies (DRDO, MoD) and DPSUs, resulting in high quality but long working capital cycles (343 days).