By Malvika Gurung
Investing.com -- Shares of the defence and aerospace electronics solutions provider Data Patterns (NS:DATP) rallied 16.15% at the time of writing, soaring 18.5% in Monday’s intraday to hit the session’s high at Rs 1,379 apiece, majorly defying the Street’s mood.
The company posted a stellar earnings result for the December quarter over the weekend, with profit after tax skyrocketing 271.88% YoY and 58.3% sequentially to Rs 33.32 crore in the period.
The mid-cap company’s revenue from operations rallied by a whopping 155% YoY to Rs 111.81 crore from Rs 43.84 crore year-on-year. Its operational EBITDA jumped sharply by 202% YoY to Rs 47.04 crore from Rs 15.59 crore in the corresponding quarter of last year.
Data Patterns’ profit before tax soared 275% YoY to Rs 11.91 crore in Q3 FY23 from Rs 44.64 crore in Q3 FY22. Its orders on hand as of date stood at Rs 890.4 crore.
“With the expectation of new orders in Q4, we are focused on improving execution effectiveness to promote operating leverage and maintaining a diversified order book. With the new manufacturing facility anticipated to commence in Q4 of FY 2023, we are well positioned to benefit from the strong sectoral tailwinds given our R&D prowess and our manufacturing capabilities,” the company’s Chairman & MD, Srinivasagopalan Rangarajan said.