Capital Goods · NSE: DATAPATTNS
Data Patterns (India)
Q1 FY27 earnings call · Guided by management
Call held 31 Jul 2026 · Read the filing on NSEFiling
- M.Cap
- ₹23,687Cr
- P/E
- 98.4×
- 1Y return
- +51.53%
- From 52W high
- −15.4%
Highlights are read by AI from the company's filing and can contain mistakes. Check the source page linked to each line.
Share price
Results Q1 FY27, as filed · standalone · ₹ Cr
| Q1 FY27 | Q1 FY26 | YoY | Q4 FY26 | QoQ | |
|---|---|---|---|---|---|
| Revenue | 116 | 99 | +16.8% | 345 | -66.4% |
| EBITDA | 31 | 32 | -2.2% | 193 | -83.7% |
| EBITDA margin | 27.0% | 32.3% | -526 bps | 55.9% | -2888 bps |
| PBTProfit before tax | 29 | 34 | -13.2% | 188 | -84.3% |
| Net profit | 22 | 26 | -13.5% | 138 | -84.1% |
| EPS (₹) | 3.94 | 4.55 | -13.4% | 24.71 | -84.1% |
From the company's own results filing on NSE. Net profit is the owners' share. Growth and the dotted lines are worked out from the filed figures.
Guidance
CFO confident of full-year target margins
Venkata Subramanian · Chief Financial Officer · Q&A · p. 8
CFO confident of full-year target margins
“Otherwise, we are confident of achieving the full year targeted margins.”
Expects to do multiple times last year's business in 1 to 3 years
S. Rangarajan · Chairman & Managing Director · Q&A · p. 20
Expects to do multiple times last year's business in 1 to 3 years
“We expect that in the next 1 or 2, 3 years, we should do multiple times what we've done last year is what we are expecting it to happen”
More figures from the call
“INR150 crores to INR200 crores minimum -- definietly based on the requirements.”
“Our order book stands at INR2,654 crores, including orders negotiated, providing a healthy revenue visibility over the coming years.”
“The whole program has been stretched by more than 1.5 years because of which some of the contracts, we expected a lot of the programs, though negotiation is completed, order couldn't happen.”
“But what I'm told now is they've taken additional extension for another 2 months from us. So we expect in another 2 months of those contracts should happen.”
“the important thing is to how to alleviate this quarter-to-quarter performance deviation is to see that the order book substantially goes up to at least 3 years of”
“But of late, I find HAL also wants pretty decent delivery in over 2 to 3 years' time. We actually expected far higher delivery delays and that they are saying, okay, this is being negotiated. Whatever we've talked now on the orders negotiated do not include HAL contracts.”
In short
- 01FY27 guidance kept: revenue growth of 20% to 25% and EBITDA margin of 35% to 40%.
- 02Order book is Rs 2,654 crore including negotiated orders; Rs 920 crore as on 30 June 2026.
- 03Management expects about Rs 2,000 crore of fresh order inflow in FY27, beyond orders in hand.
- 04Q1 FY27 revenue was Rs 116 crore, up 17%; EBITDA margin was 27%.
- 05Q1 margins were hit by employee costs, product mix and uneven quarterly revenue.
- 06Capex of Rs 150 to 200 crore or more planned over the next 2 years.
- 07Negotiated orders were delayed by a long program; conversion expected in about 2 months.
- 08Company is net debt free with Rs 530 crore of bank balances and investments.
Capex
Foundation work on new building has started
S. Rangarajan · Chairman & Managing Director · Q&A · p. 16
Foundation work on new building has started
“We started investments actually. We started the foundation work already in the building.”
Investment in servers and IT infrastructure for AI initiatives
S. Rangarajan · Chairman & Managing Director · Q&A · p. 16
Investment in servers and IT infrastructure for AI initiatives
“There are a lot of investments also happening in computer servers, IT infrastructure to support the AI-driven initiatives that the company has taken up very seriously.”
Investments to be made over 1 to 2 years, in parallel with expected orders
S. Rangarajan · Chairman & Managing Director · Q&A · p. 16
Investments to be made over 1 to 2 years, in parallel with expected orders
“A lot of investments will happen in the next 1 to 2 years' time as we go along because we'll do this in parallel to order expected.”
Order book
Order book of Rs 920 crore as on 30 June 2026
Venkata Subramanian · Chief Financial Officer · p. 5
Order book of Rs 920 crore as on 30 June 2026
“Our order book stands at INR920 crores as on”
International: International order book at Rs 39 crore
S. Rangarajan · Chairman & Managing Director · p. 4
International: International order book at Rs 39 crore
“Our international order book currently stands at INR39 crores, and we continue to actively engage with customers across global markets to expand our export footprint.”
Jammer pod: Two kinds of jammer pod contracts expected; exact value not disclosed
S. Rangarajan · Chairman & Managing Director · Q&A · p. 7
Jammer pod: Two kinds of jammer pod contracts expected; exact value not disclosed
“There are 2 kinds of contracts we're expecting. These are all INR7,000 crores. And at the present moment, we need to provision the contracts. Exact value, we would not like to disclose at the present moment.”
Jammer pod: Jammer pod contract expected to start within 2 years
S. Rangarajan · Chairman & Managing Director · Q&A · p. 7
Jammer pod: Jammer pod contract expected to start within 2 years
“Towards closing of the contract happens, I expect in the next 2 years' time, this contract will start happening, then that's the right time to announce.”
Project orders execute over about 18 to 24 months
S. Rangarajan · Chairman & Managing Director · Q&A · p. 8
Project orders execute over about 18 to 24 months
“If it's a project order, the value is high, project execution maybe is about 18 months, 24 months, and the projects gets execute within those time frame.”
Segments
Drone and counter drone: Drone and counter drone business has started receiving orders
S. Rangarajan · Chairman & Managing Director · p. 4
Drone and counter drone: Drone and counter drone business has started receiving orders
“Another encouraging development during the quarter was the initial traction in our drone and counter drone business, where we have started receiving orders.”
Jammer pod: Su-30 jammer pod qualification expected before December
S. Rangarajan · Chairman & Managing Director · Q&A · p. 7
Jammer pod: Su-30 jammer pod qualification expected before December
“So we are going through the qualification exercises to maybe outfit it in the Su30. We believe that, that should happen before December.”
Counter drone: Counter drone work is a sensor business, not platforms
S. Rangarajan · Chairman & Managing Director · Q&A · p. 9
Counter drone: Counter drone work is a sensor business, not platforms
“We are not in the platform business as of now. It is a sensor business.”
Exports: Export antenna redesign order to be delivered in 6 to 8 months
S. Rangarajan · Chairman & Managing Director · Q&A · p. 9
Exports: Export antenna redesign order to be delivered in 6 to 8 months
“And now we started getting the first orders we got last year for an antenna, redesign of an antenna for an absorption management for a fighter aircraft system. So we will be delivering it in the next 6 to 8 months' time.”
Exports: Export business expected to scale substantially in 2 to 3 years
S. Rangarajan · Chairman & Managing Director · Q&A · p. 10
Exports: Export business expected to scale substantially in 2 to 3 years
“So very keen we're putting an export group to address the market. And I think in the next 2, 3 years' time, scaling substantially into export business should also start.”
Demand
Counter drone: MOD to order 10 to 20 counter drone systems from multiple vendors
S. Rangarajan · Chairman & Managing Director · Q&A · p. 9
Counter drone: MOD to order 10 to 20 counter drone systems from multiple vendors
“And MOD has decided to place an order on multiple of these vendors to experiment 10, 20 systems in each.”
Electronic warfare: Su-30 electronic warfare suite opportunity covers about 270 aircraft
S. Rangarajan · Chairman & Managing Director · Q&A · p. 12
Electronic warfare: Su-30 electronic warfare suite opportunity covers about 270 aircraft
“The first question which is asked on the SPGA is one such requirement with the electronic warfare suite getting developed for the Sukhoi-30 platform, which is 270-odd aircraft.”
Addressable market of Rs 30,000 crore plus Rs 10,000-12,000 crore repeat
S. Rangarajan · Chairman & Managing Director · Q&A · p. 20
Addressable market of Rs 30,000 crore plus Rs 10,000-12,000 crore repeat
“Investor investing in products, addressable market value of about INR30,000 crores. And based on what we've already developed, repeat contract, we are looking at another INR10,000 crores INR12,000 crores.”
Naval: Coast guard needs about 30 radar systems; company hopes to win
S. Rangarajan · Chairman & Managing Director · Q&A · p. 19
Naval: Coast guard needs about 30 radar systems; company hopes to win
“Requirements of 30-odd systems for coast guard. We hope that we can win that contract.”
BrahMos: Back-to-back BrahMos orders expected as volumes rise
S. Rangarajan · Chairman & Managing Director · Q&A · p. 14
BrahMos: Back-to-back BrahMos orders expected as volumes rise
“The volumes coming with the more orders from them, back-to-back orders will come to us, what we expect and we'll deliver this.”
Margins and costs
Employee costs expected to stay high in coming quarters due to hiring
S. Rangarajan · Chairman & Managing Director · p. 4
Employee costs expected to stay high in coming quarters due to hiring
“we continue to invest in strengthening our engineering talent and future capabilities, resulting in higher employee cost base, is expected to remain elevated over the coming quarters.”
Q1 gross profit up 16% to Rs 91.5 crore; gross margin 78.9%
Venkata Subramanian · Chief Financial Officer · p. 4
Q1 gross profit up 16% to Rs 91.5 crore; gross margin 78.9%
“Gross profit increased to 16% year-on-year to INR91.5 crores while gross margins remained strong at 78.9%, reflecting the high-value nature of our product mix.”
Q1 EBITDA Rs 31.4 crore at 27% margin, hit by employee costs and mix
Venkata Subramanian · Chief Financial Officer · p. 4
Q1 EBITDA Rs 31.4 crore at 27% margin, hit by employee costs and mix
“EBITDA stood at INR31.4 crores with an EBITDA margin of 27%. Margins during the quarter were impacted by high employee costs associated with capability expansion and changes in the product mix.”
Lower quarterly margin put down to uneven revenue across quarters
Venkata Subramanian · Chief Financial Officer · Q&A · p. 8
Lower quarterly margin put down to uneven revenue across quarters
“Basically, uneven revenue in quarter. You have to look at it only annually because the revenue is not distributed evenly through all the quarters.”
Budget set on year-end targets; quarterly margins vary with turnover
S. Rangarajan · Chairman & Managing Director · Q&A · p. 8
Budget set on year-end targets; quarterly margins vary with turnover
“Our budget is towards the year-end targets. Quarter-to-quarter, it will vary depending on what is the level of turnover we achieve.”
Debt and working capital
Company remains net debt free
Venkata Subramanian · Chief Financial Officer · p. 5
Company remains net debt free
“The company continues to maintain a strong balance sheet remaining net debt free with cash,”
Bank balances and investments of Rs 530 crore as on 30 June 2026
Venkata Subramanian · Chief Financial Officer · p. 5
Bank balances and investments of Rs 530 crore as on 30 June 2026
“bank balances and investments of INR530 crores as on 30 June 2026, providing ample flexibility to support future growth initiatives.”
Fund raising
QIP money used to fund development programs
S. Rangarajan · Chairman & Managing Director · Q&A · p. 7
QIP money used to fund development programs
“we took money from to QIP to fund such development programs where we are confident of our IP creation and our capability to build this.”
Acquisitions and new business
ST Advanced acquired for composites for radomes
S. Rangarajan · Chairman & Managing Director · Q&A · p. 10
ST Advanced acquired for composites for radomes
“We believe that in our sensor business, we also have to have a requirement of composite for radomes, both for electronic intelligence as well as for radar requirements.”
Acquisition just finalised; strategy still being worked out
S. Rangarajan · Chairman & Managing Director · Q&A · p. 10
Acquisition just finalised; strategy still being worked out
“So at the present moment, it's a bit too early because yesterday only we only finalized the go, and we need to spend more time and work on the strategy.”
AI-led new products planned in 1 to 1.5 years for new markets
S. Rangarajan · Chairman & Managing Director · p. 23
AI-led new products planned in 1 to 1.5 years for new markets
“come out with a whole lot of exciting products in the next 1 year or 1.5 years or so to address new markets, which can be also several thousand crores.”
Company plans to invest in ST Advanced to build its infrastructure
S. Rangarajan · Chairman & Managing Director · Q&A · p. 10
Company plans to invest in ST Advanced to build its infrastructure
“We want to spend more time, ideate with them, invest in the company to see that infrastructure is created and look at long-term development plans for these contracts.”
One-offs
Other expenses rose on repairs and maintenance during facility revamp
Venkata Subramanian · Chief Financial Officer · Q&A · p. 5
Other expenses rose on repairs and maintenance during facility revamp
“Increase in other expenses is due to some additional repairs and maintenance costs, which is incurred because the facility is going through some revamping.”
About Rs 2 crore provided against long-standing receivables
Venkata Subramanian · Chief Financial Officer · Q&A · p. 5
About Rs 2 crore provided against long-standing receivables
“And also close to INR2 crores, we have additionally provided for against the long-standing receivables as per our policy.”
Risks
Customer inspection delays can shift revenue between quarters
S. Rangarajan · Chairman & Managing Director · Q&A · p. 5
Customer inspection delays can shift revenue between quarters
“We have these issues -- we had these issues in the past also where products are ready, but inspection team doesn't come because their own requirement to deliver has probably got delayed.”
Other
Q1 FY27 revenue of Rs 116 crore, up 17% year-on-year
Venkata Subramanian · Chief Financial Officer · p. 4
Q1 FY27 revenue of Rs 116 crore, up 17% year-on-year
“Revenue from operations for Q1 FY '27 stood at INR116 crores, registering a healthy 17% year- on-year growth, driven by continued execution across our diversified defense programs.”
Q1 PAT of Rs 22.1 crore, PAT margin 19%
Venkata Subramanian · Chief Financial Officer · p. 4
Q1 PAT of Rs 22.1 crore, PAT margin 19%
“Profit after tax stood at INR22.1 crores with a PAT margin of 19%, reflecting a temporary impact due to uneven quarterly revenue.”
Space: Space satellites: decision on how to proceed in 3 to 4 months
S. Rangarajan · Chairman & Managing Director · Q&A · p. 17
Space: Space satellites: decision on how to proceed in 3 to 4 months
“We are also going to need 3 to 4 months' time to see that we take a decision on how to proceed with this.”
Space: Basic design work on satellites under way
S. Rangarajan · Chairman & Managing Director · Q&A · p. 16
Space: Basic design work on satellites under way
“We have taken money to actually invest in building those satellites. We are actually doing a basic design work, which is doing.”
Growth expected from executed contracts and new products in development
S. Rangarajan · Chairman & Managing Director · Q&A · p. 15
Growth expected from executed contracts and new products in development
“We are expecting substantial growth in the coming years based on already executed contracts, new products in development.”
Sources
- Earnings call transcript, Q1 FY27 Filed 7 Aug 2026 · 24 pages
Management's own statements, quoted from its NSE filings. This page was read by AI and can contain mistakes: check the source pages before relying on any figure. No forecast or opinion of ours. Not investment advice.

