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.
Yes Securities Report
Data Patterns Ltd.'s Q3 FY24 print stood strong on execution and margin fronts while order inflow continued to remain weak. While revenue growth maintained its guided range of 25% YoY, Ebitda margin saw sharp sequential expansion to 43% led by an operating leverage benefit.
Order Inflow declined 39% YoY during Q3 FY24, declining 45% YoY during 9M FY24 in the absence of any large order and orders pertaining to Arudhra and Himshakti radars seeing continued delays.
Out of the net QIP proceeds (happened in Q4 FY23) of Rs 4.88 billion, the company has utilised Rs 2.34 billion while the entire Rs 1.67 billion pertaining to product development remains unutilised.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
What Accenture's Q4 Result Means For Indian IT Companies: Axis Securities
Sep 27, 2024
Gillette India - Seeing Positive Consumption Trends; Maintain Neutral: Yes Securities
Sep 20, 2024
Gail India - Maintain 'Hold' On Tempered Estimates: Nirmal Bang
Sep 19, 2024
Ethos Q1 Results Review - Growth Story Remains Intact; Maintain Buy: Axis Securities
Aug 20, 2024
POPULAR