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Revenue
₹308 Cr
verification pending
Revenue YoY
238%
reported change
EBITDA
₹69 Cr
latest reported figure
Source
manual review required
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Data Patterns delivered a stellar Q2 FY26 with revenue of ₹308 crore (+238% YoY), driven by strong execution across multiple programs including a strategic low-margin contract worth ₹180 crore. EBITDA came in at ₹69 crore (+100% YoY) with margins at 22%, compressed due to the strategic contract but expected to recover in H2 as product mix normalizes. PAT grew 63% YoY to ₹49 crore. The order book stands at ₹1,300 crore (including negotiated orders), with fresh inflows of ₹351 crore in H1. Management reaffirmed full-year revenue and margin guidance, citing a healthy pipeline and strong execution visibility. Key risks include potential delays in converting negotiated orders and margin volatility from competitive pricing on large contracts.
Colored figures show movement against the previous available record.
Guidance to track
- Management confirmed confidence in achieving earlier guidance on revenue and margins, with margins expected to improve in H2 due to better product mix.
- Management expects more than ₹1,000 crore in order inflows in H2, including conversion of ₹550 crore negotiated orders and additional large contracts.
- Negotiations for the BrahMos seeker contract are complete; contract expected to be signed and could lead to production orders.
- Management plans to set up a dedicated export team and has signed co-development agreements with foreign MNCs for worldwide radar and EW requirements.
Risks flagged
- The ₹180 crore strategic contract executed at competitive pricing compressed EBITDA margins to 22%; similar future contracts could pressure margins.
- ₹550 crore of orders are negotiated but not yet confirmed; delays in MOD approvals could push inflows beyond H2.
- Working capital days at 343, though expected to improve; any delay in customer payments could strain cash flows.
- Management acknowledged that foreign companies with mature products and tie-ups with Indian firms pose competition, especially in export markets.
Key quotes
- We delivered strong revenue growth during Q2 and H1 FI26. The top line more than doubling year on year at rupees 407 crores compared to H1 of last year along with robust growth in AIDA and profits.
- Margins were lower during the period owing to the execution of a strategic project amounting to rupees 180 crores during the quarter. The contract was taken at a competitive price considering long-term possible opportunities.
- We remain confident of achieving our full year revenue and EITA margin guidance.
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