DATAPATTNS · Capital Goods
Data Patterns (India) Ltd. reported revenue of ₹116 cr for April to June 2026, +17.2% on the year and −66.4% on the quarter. That is faster than this quarter has grown in recent years (+5.4% on average), so the year-on-year number is not just the season. Over the last four quarters revenue comes to ₹941 cr, +33.9% on the four before.
Operating profit (EBITDA) was ₹31.4 cr, a margin of 27.0%, −529 bps on the year and −2,891 bps on the quarter. Over the last 8 quarters the margin has ranged from 22.3% to 55.9%, averaging 38.2%. Operating costs grew +26.4%, faster than revenue at +17.2%, so operating profit grew less than sales.
Net profit was ₹22.1 cr, −15.2% on the year and −84.0% on the quarter, with earnings per share of ₹3.94. Profit before other income, one-offs and tax grew faster, at −3.6%; other income, one-offs or tax held the headline back. The tax rate of 25% is in line with its recent average. Profit over the last four quarters totals ₹267 cr, +24.3% on the four before.
Defence revenue is lumpy and weighted to the fourth quarter, when deliveries are booked; the order book is the better gauge of the year. The quarterly statements do not carry the order book, export orders and execution; those come with the filing read.
On earnings per share of ₹47.86 over the last four quarters, the stock at ₹4,073.00 trades at 85.1 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
Operating margin fell sharply on the year. Pricing, input costs, or mix?
Source: Results filing
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Metric | Q2 FY26 |
|---|---|
| Order book (₹ cr) | 926.48 |
Read using the Defence and aerospace framework (named in the filing read). Primary valuation lens: P/E against order book quality.
Read more closely in this sector: Unbilled revenue growing faster than billed receivables · Order inflow against execution · Bank guarantees outstanding growing faster than the order book · Liquidated damages or cost overruns disclosed · Single-programme concentration · Indigenisation content.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹140 cr | ₹182 cr | ₹104 cr | ₹91.0 cr | ₹117 cr | ₹396 cr | ₹99.0 cr | ₹307 cr | ₹173 cr | ₹345 cr | ₹116 cr | ₹133 cr |
| YoY | — | — | +16% | −16% | −16% | +118% | −5% | +238% | +48% | −13% | +17% | −57% |
| EBITDA margin | 42.9% | 51.1% | 35.6% | 37.4% | 46.2% | 37.6% | 32.3% | 22.3% | 46.8% | 55.9% | 27.0% | 23.5% |
| Other income, % of PBT | 17% | 13% | 28% | 30% | 19% | 7% | 32% | 9% | 4% | 3% | 25% | 28% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 22% | 25% | 25% | 24% | 24% | 25% | 25% | 26% | 23% | 26% | 25% | 26% |
| Net profit | ₹51.0 cr | ₹71.0 cr | ₹33.0 cr | ₹30.0 cr | ₹45.0 cr | ₹114 cr | ₹26.0 cr | ₹49.2 cr | ₹58.0 cr | ₹138 cr | ₹22.1 cr | ₹21.8 cr |
| YoY | — | — | +27% | −12% | −12% | +61% | −21% | +64% | +29% | +21% | −15% | −56% |
| Core profit YoY | — | — | +35% | −20% | −13% | +71% | −26% | +116% | +50% | +28% | −4% | −65% |
| EPS | ₹9.10 | ₹12.70 | ₹5.86 | ₹5.41 | ₹7.98 | ₹20.38 | ₹4.55 | ₹8.79 | ₹10.41 | ₹24.72 | ₹3.94 | ₹3.86 |
| Flags | · | · | ✓ | ✓ | ✓ | 2 | 1 | 1 | ✓ | ✓ | 1 | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Data Patterns (India) Ltd. reported revenue of ₹116 cr (+17.2% on the year) and net profit of ₹22.1 cr (−15.2% on the year) for April to June 2026.
Profit before other income, exceptional items and tax moved −3.6% on the year, against −15.2% for reported profit.
1 check raised a question: Operating margin fell sharply on the year. Pricing, input costs, or mix?
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