Multibagger defence stock at record high post highest Q4 profit, EBITDA

Synopsis : Shares of Data Patterns soared to a record high on May 19, following the release of their Q4 and FY24 earnings. The multibagger stock closed 4.14% higher at Rs 3320.35 on the BSE, up from the previous close of Rs 3188.50, reaching an intra-day high of Rs 3347.90. Over the past year, the stock has gained 107%, and has surged 350% over the past two years.

On May 19, Data Patterns (India) Limited saw its stock close 4.14% higher at Rs 3320.35 on the BSE, compared to the previous close of Rs 3188.50. During the trading session, the stock reached a new record high of Rs 3347.90. The announcement of the company's impressive Q4 and FY24 earnings after market hours on May 18 was a significant driver of this surge. As a result, the market capitalization of the firm rose to Rs 18,588 crore in the following session.

Dividend Announcement:

Data Patterns recommended a final dividend of Rs 6.50 per equity share (325% per equity share of Rs 2 each) for FY24. This dividend, pending approval at the Annual General Meeting on July 30, 2024, is set to be paid by August 29, 2024.

Q4 Financial Highlights:

Net Profit: Achieved a record Rs 71 crore, up 40% from Rs 51 crore in Q3 FY24.

Total Revenue: Increased by 29% to Rs 195 crore from Rs 151 crore in Q3.

EBITDA: Rose 55% to Rs 93 crore, marking the highest quarterly EBITDA, from Rs 60 crore in Q3.

Profit Before Tax: Increased 45% to Rs 95 crore, compared to Rs 66 crore in Q3.

FY24 Financial Highlights:

Revenue: Grew 22% to Rs 566 crore from Rs 463 crore in FY23.

EBITDA: Increased 29% to Rs 222 crore from Rs 172 crore in FY23.

Profit After Tax: Surged 47% to Rs 182 crore from Rs 124 crore in FY23.

PAT Margin: Improved to 35% from 27% in FY23.

About Data Patterns:

Data Patterns (India) Limited is a leading vertically integrated defense and aerospace electronics solutions provider, focusing on indigenously developed defense products. Their portfolio includes COTS Boards, ATE and Test systems, Space Systems, and Radio Frequency and Microwave solutions. The company specializes in designing COTS module products for rugged applications and automated test equipment platforms.

Disclaimer: we provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

Related Questions

1. What was the closing stock price of Data Patterns (India) Limited on May 19?

On May 19, Data Patterns (India) Limited's stock closed 4.14% higher at Rs 3320.35 on the BSE.

2. What was the new record high reached by Data Patterns' stock during the trading session on May 19?

During the trading session on May 19, Data Patterns' stock reached a new record high of Rs 3347.90.

3. What dividend did Data Patterns recommend for FY24?

Data Patterns recommended a final dividend of Rs 6.50 per equity share (325% per equity share of Rs 2 each) for FY24, pending approval at the Annual General Meeting on July 30, 2024.

4. What were the key financial highlights for Data Patterns in Q4 FY24?

Key financial highlights for Data Patterns in Q4 FY24 include:

• Net Profit: Rs 71 crore, up 40% from Rs 51 crore in Q3 FY24.
• Total Revenue: Rs 195 crore, up 29% from Rs 151 crore in Q3.
• EBITDA: Rs 93 crore, up 55% from Rs 60 crore in Q3.
• Profit Before Tax: Rs 95 crore, up 45% from Rs 66 crore in Q3.

5. What were the full-year FY24 financial highlights for Data Patterns?

Full-year FY24 financial highlights for Data Patterns include:

• Revenue: Rs 566 crore, up 22% from Rs 463 crore in FY23.
• EBITDA: Rs 222 crore, up 29% from Rs 172 crore in FY23.
• Profit After Tax: Rs 182 crore, up 47% from Rs 124 crore in FY23.
• PAT Margin: Improved to 35% from 27% in FY23.