NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Data Patterns India Ltd. witnessed a revenue decline (down 16% YoY) in Q2 FY25, led by ~97% decline in development revenue on account of the deferment of an order. However, the company expects to record revenue growth in H2, maintaining its FY25 guidance. Despite this, Ebitda margins expanded marginally by 10 bp YoY, led by a favorable business mix.
We maintain our FY25/FY26 EPS estimates in expectation of a strong pickup in H2. We reiterate our Neutral rating with a target price of Rs 2,300 (premised on 45 times FY26E earnings per share), owing to its higher working capital cycle and rich valuations.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.