Shares of this small-cap electronics company are buzzing on bourses today!
On Saturday, the company declared its results for the December quarter.
The shares of Data Patterns India Ltd are buzzing on the bourses today. As of 11 am, the company’s shares are trading higher by 4.66%. Today, the company reported a spurt in trading volume by more than 1.08 times. Owing to this, the stock is one of the top gainers on BSE from Group A.
Meanwhile, the frontline index S&P BSE Sensex is down by 0.30%.
On Saturday, the company declared its results for the December quarter. As per the exchange filing, the company's total revenue for Q3FY23 increased by 155 per cent to Rs 113.66 crore in the quarter that ended on December 31, 2022, from Rs 44.54 crore in the quarter that ended December 31, 2021. Profit Before Tax (PBT) improved by 275% from Rs 11.91 crore in the quarter that ended on December 31, 2021, to Rs 44.64 crore in the quarter that ended on December 31, 2022. Further, Profit After Tax (PAT) increased by 272% from Rs 8.96 crore in the quarter that ended on December 31, 2021, to Rs 33.32 crore in the quarter that ended on December 31, 2022.
Data Patterns (India) Limited is a vertically integrated Defense and Aerospace electronics solutions provider catering to the indigenously developed defence products industry. Data Patterns' core competencies include design and development across electronic hardware, software, firmware, mechanical, and product prototype besides testing, validation and verification. The company works closely with the defence PSUs such as Hindustan Aeronautics Ltd and Bharat Electronics Ltd as well as government organisations involved in defence and space research like DRDO and ISRO.
The company is currently trading at a TTM PE of 51.46x against the industry PE of 53.23x. In FY22, the company delivered an ROE & ROCE of 24% and 33%, respectively. The company is a constituent of Group A stocks and commands a market capitalisation of Rs 7,087.46 crore.
Today, the scrip opened at Rs 1293.05, which was also the day’s low. Further, the scrip touched an intra-day high of Rs 1376.45. So far, 16,170 shares have been traded on the bourses. The stock has a 52-week high and low of Rs 1,480 and Rs 575, respectively on BSE.
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