Data Patterns reports 29% increase in net profit for Q4FY24

Chennai-based Data Patterns (India) Ltd reported a 29 per cent increase in net profit to ₹71 crore for the fourth quarter ended March 31, 2024, as against ₹55 crore for the corresponding quarter last year. Revenue declined marginally to ₹182 crore (₹185 crore).

The company, which manufactures, sells and services defence electronics, for the year ended March 31, 2024; the company reported a 48 per cent increase in net profit to ₹182 crore as against ₹124 crore for the corresponding year. Revenue was up by 16 per cent to ₹519 crore (₹453 crore).