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Data Patterns (India) Limited Investor Presentation 2025

Aug 7, 2025

59610_rns_2025-08-07_64ac5d1c-bdcc-4950-ab93-4e1f781bb7b7.pdf

Investor Presentation

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SEC/SE/049/2025-26 Chennai, August 07, 2025

To
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex,
Bandra(E),
Mumbai - 400051
NSE Symbol- DATAPATTNS
To
BSE Limited
25thFloor, P.J. Towers,
Dalal Street,
Mumbai - 400 001
Company Code: 543428

Sub: Submission of Investor Presentation for Q1 FY 2025-26

Dear Sir/Madam,

This is further to our letters no. SEC/SE/042/2025-26 dated August 01, 2025, intimating the schedule of Earnings Conference Call with Analysts/Investors to be held on Friday, August 08, 2025 at 09.15 A.M. IST. In this regard, please find attached the Investor presentation towards the same.

You are requested to take the above on record and oblige.

Thanking you

For Data Patterns (India) Limited

Digitally R signed by R PRAKASH PRAKASH

Prakash R Company Secretary and Compliance Officer Membership No. F13620

Encl: As above

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Data Patterns ( India ) Limited

Investor Presentation

Q1FY26Aug 2025

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Content

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1 Company Overview
2 Quarter Highlights
3 Journey & Background
4 Outlook
5 Financials
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2

Data Patterns: 3 Decades of Expertise

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  • Fully integrated defense and aerospace electronics solution provider

  • Focused on in-house design prototype testing and qualification, production and manufacturing of high reliability electronics systems

  • Domain expertise in Radars, Electronics Warefares, Communication systems, Avionics, Satellite and Test Equipments. Servicing to the customers such as MOD, DRDO, DPSUs and Private sectors including international clients

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Incorporated in 1998 1,080 Engineers 33% Revenue and
(287 people plan to hire 31% EBITDA CAGR
in FY26) (FY21-25)
61% Gross and 39% 16% ROE and 18%
Rs 8,140 Mn Order
EBITDA Margins ROCE Book as on 30 [th ] June
(FY25) (FY25) 2025
From Design to Senior personnel
Delivery associated with
Company for more
than 2 decades
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3

Strong Outlook & Positioning Across the Portfolio

Electronic Warfare

Radars

  • Delivered COMINT and ELINT systems and self protection suit for land, mobile and fighter Reconnaissance aircraft and aerostat

  • 9 Precision Approach Radars successfully delivered and installed to MOD for Army and Navy

Existing Successful development

  • Developed state of the art ESM Receivers from 1MHz to 40GHz

  • Designed building blocks to complete Radar systems in India

  • Both COMINT and ELINT including DF can be used in Truck Mounted Systems / UAV Based ESM Systems and Jammers

  • Building Blocks in Signal Processing, Antenna, Transmit/Receive modules, etc.

Demonstrated Capabilities

Communication Systems

  • Developed systems for land, air and satellite platforms

  • Developed SDR Platform for

  • Fighter Aircrafts

  • Radio Relay for Airborne Platforms/UAVs

  • Land Based Radio Relays

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  • Airborne Wide Band Jammer Pods

Potential Opportunities

  • Focus on Fire Control Radars, X-Band Radars and smaller Radars for UAVs

  • RF and IR Seekers for Missiles

  • Complete system and IP developed in house

  • Requirement across Army, Air Force and Navy

  • Military Radars, Radio Relays, and other sensors. are being procured under ‘Make in India’ Category

  • Requirement across Army, Navy and Air Force

  • Export Potential

Photos

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5 Channel
Radar Warning Airborne Software
Advanced light Fire Control Radar Fire Control Radar Receiver Search Defined Radio Manpack Radio
helicopter Radar for MIG-29 for Su-30 Receiver
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Airborne VUHF Manpack
Manpack Radio Programmable Software Defined
Radio
Radio Hardware
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4

Jammer Pod

Strategic Priorities

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Moving up the Value Chain through building Full Systems: Using reusable building blocks

Leverage Existing Competencies and enables scalability: Creating Additional Product Categories

Expanding Geographies

Investments in Products, Technology and Capex

  • Make the complete systems from building blocks, designed in-house with IP

  • Developing future ready products

Concentration on building full products leveraging existing Domain expertise and availability of in-house building blocks

  • More than Rs 100 crs invested on • Exported products to Europe and new product development; which East Asia are at advanced stage of readiness

  • Around Rs 160 crs invested on capex in last 5 years

  • Planning for additional Rs 150crs capex over next two years

Confident on growing its existing Produced and delivered Developing in house technologies product profile and expects Transportable Precision Approach and products for increasing TAM additional revenue generation by Radars and Search & Track Radars to tapping the larger market international customers opportunities from new developments

Maximising Stakeholder Value

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Focused on delivering Profitable Growth and Strong Cash Generation
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5

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Revenue Split (%)
3.1%
5.0%
14.7%
5.9%
55.9%
12.2%
Rs 7,084 Mn Rs 7,084 Mn
51.9%
1.6%
FY25 Overview 12.9%
3.5%
16.7%
16.5%
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Radar EW AMC FCS Avionics ATE Naval
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1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Radar EW AMC FCS Avionics ATE Naval Service and Others

6

Data Patterns- Outlook

20-25%

Revenue Growth over next two-three years.

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01

Continuing the product development to build full systems to address larger TAM

02

Build marketing organisation for exports

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03

Build infrastructure to address future contracts

80% Gross Margin and strong EBITDA margins at 32% in Q1FY26

Looking forward, we remain committed to maintain a revenue growth rate of 20-25% and EBITDA margins at around 35-40% in FY26.

04

Strong Order Book in Pipeline at Rs 20-30bn over next 1824 months

05

Maintain Net debt free status

High Returns to Shareholders

7

CMD’s Comment on Quarter Performance

“The quarter has met our expectations. Order inflow has been encouraging since the start of the financial year, with over Rs. 320 Cr in orders received so far, and more in the pipeline. While revenue for the quarter was modest, primarily due to temporary delays in customer approvals, these are expected to normalize in the coming quarters. We remain confident of delivering our year’s targets. Our continuous focus on new product developments have yielded products of international quality. We are optimistic that these products will soon be tested and potentially lead to bigger contracts. We are excited about the opportunities ahead and remain committed to driving continued growth and value for our stakeholders.”

Mr. Srinivasagopalan Rangarajan

Promoter, Chairman & Managing Director

8

Q1FY26 Result Highlights

Rs. 993 Mn Rs. 321 Mn

Revenue

EBITDA

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Mn Rs. 4,246 Cash, Bank & Investment (as on 30[th] June)

Strong Balance Sheet; Net Enhanced infrastructure, Make in India QIP funds utilized for Product Debt Free Company policies, QIP investment in complete Development in Radar, EW, and products Communication system R&D

80%

Gross Margin

32% EBITDA Margin

16% 18% ROE ROCE (FY25) (FY25)

Mn Rs. 8,140 Strong Order Book (Q1FY26)

9

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Diversified Revenue Profile

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Production Development Service
Rs 7,084 Mn
4%
Rs 3,962 Mn
Rs 5,198 Mn
1%
43%
4%
57% 42%
Rs 1,170Mn
Rs 993 Mn
Rs 1,041 Mn Rs 910 Mn 53%
4%
12%
11% 8% 54%
31% 2% 37% 42% 12%
58% 90% 59% 76%
Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 FY24 FY25
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10

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Q1FY26 Revenue Breakup

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Products
Customers
2.9%
2.4% 0.3%
5.9%
14.8% 9.9%
9.6%
1.8%
10.0%
11.5%
Rs 993 Mn Rs 993 Mn
1.3%
66.4%
63.1%
EW Radar
ATE Avionics DRDO BrahMos Exports BEL HAL Others
AMC Naval Systems
Services and Others
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11

Financial Performance

Particulars (Rs Mn) Q1FY26
Q1FY25
YoY(%)
Q4FY25
QoQ(%)

Q1FY25
YoY(%)
Q4FY25
QoQ(%)

Q1FY25
YoY(%)
Q4FY25
QoQ(%)

Q1FY25
YoY(%)
Q4FY25
QoQ(%)
Net Revenue 993 1,041
-4.6
3,962
-74.9
Cost of materials consumed
Changes in inventories
572
-371
415
37.7
1,817
-68.5
-127
207
Total Raw Material Cost 201 288
-30.3
2,023
-90.1
Gross Profits
Employee Benefit Exp
Other Expenses
792
364
108
752
5.3
1,939
-59.1
288
26.5
295
23.2
93
15.7
149
-27.5
EBITDA 321 372
-13.7
1,495
-78.5
Depreciation 55 31
77.7
39
41.5
EBIT 266 341
-22.0
1,456
-81.7
Other Income
Interest
106
32
123
-14
106
-0.7
30
8
31
2.2
PBT 340 435
-21.9
1,531
-77.8
Tax 85 107
-20.7
390
-78.3
Net Profit 255 328
-22.2
1,141
-77.6
Reported EPS (Rs) 4.6
Operating Cost as a % of Sales Q1FY26 Q1FY25 YoY(bps) Q4FY25 QoQ(bps)
Raw Material Cost
Staff Cost
Other Expenses
20.2
36.6
10.8
27.7
-747
27.6
900
8.9
190
51.1
-3083
7.5
2917
3.8
709
Operating Cost as a % of Sales Q1FY26 Q1FY25 YoY(bps) Q4FY25 QoQ(bps)
Raw Material Cost 20.2 27.7 -747 51.1 -3083
Staff Cost 36.6 27.6 900 7.5 2917
Other Expenses 10.8 8.9 190 3.8 709

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Margins (%) Q1FY26
Q1FY25
YoY(bps)
Q4FY25
QoQ(bps)
Q1FY26
Q1FY25
YoY(bps)
Q4FY25
QoQ(bps)
Gross Margin
EBITDA
EBIT
PBT
NPM
79.8
32.3
26.8
34.2
25.7
72.3
747
48.9
3083
35.7
-343
37.7
-543
32.8
-598
36.8
-998
41.7
-757
38.6
-446
31.5
-583
28.8
-312

12

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Order book as on date: Rs 1,079 crs including orders received and negotiated
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Orderbook Build-up

Order Book

80%
62%
31%
45%
51%
6%
25%
64%
51%
40%
14%
13%
5%
4%
9%
Rs 4,979 Mn Rs 4,761 Mn
Rs 9,241 Mn
Rs 10,831 Mn
Rs 7,298 Mn
43%
40%
47%
51%
37%
53%
55%
47%
40%
38%
4%
5%
6%
9%
25%
Rs 10,171 Mn
Rs 9,714 Mn
Rs 10,947 Mn
Rs 7,298 Mn
Rs 8140 Mn
FY 21
FY 22
FY 23
FY 24
FY25
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q1FY26
Production
Development
Services

13

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Order Book Build Up in Q1FY26

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Diversified Order Book Order Book Build-Up
2.4% [0.7%]
0.3%
1.5% 8,140
1.6% 0.1%
1.3%
22.7%
41.3%
Rs. 8140 Mn
1,835
993
7,298
28.1%
Radar Avionics AMC
ATE FCS Navel System
Services Tank EW Order Inflow in Q1 Closing Order Book
Others FY25 Order Book Order executed in Q1
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International Order Book is Robust at Rs 98 crs
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14

Order Inflow During Q1FY26

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Order Inflows – Q1FY26 and FY25
Service Development Production
Rs 6,788 Mn
3%
Rs. 1,835 Mn
26%
Rs. 3,551 Mn
76%
16%
12%
Rs. 381 Mn 70%
7% 73%
40% 16%
54% 8%
Q1FY25 Q1FY26 FY24 FY25
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Major order received in Q1FY26

Major order received in FY25

Product Customer Order Type Value
(Rs Mn)
Product Customer Order Type Value
(Rs Mn)
AMC Brahmos Service 459 EW DPSU Production 798
AMC Brahmos Service 327 Radar MOD Production 531
AVIONICS Export Production 530
AMC Brahmos Service 264
AMC MOD Service 140 AVIONICS Export Production 157
AMC MOD Service 140 FCS Brahmos Development 144
EW MOD Development 122
AMC MOD Service 140
Radar DoS Development 111 AMC MOD Service 140
AVIONICS DRDO Production 48 AMC MOD Service 140
ATE DoS Production 39 ATE DRDO Production 113
EW DRDO Development 37
AVIONICS ADA Development 103
15

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Robust Financial Performance

Revenue (INR Mn)

EBITDA (INR Mn) and Margins (%)

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3,962
1,041 993
Q1FY25 Q4FY25 Q1FY26
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1,495
372
321
Q1FY25 Q4FY25 Q1FY26
36% 38% 32%
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Profit Before Taxes (INR Mn) and Margins (%)

Net Profit (INR Mn) and Margins (%)

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1,141
1,531
328
435 255
340
Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26
42% 39% 34% 32% 29% 26%
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16

Corporate Overview

17

Over Last Three Decades

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  • Seeker for Brahmos Missile successfully tested

  • Successful IPO Launch

  • Major products developed are at advanced stages of completion

  • Initiated expansion of manufacturing facility with doubling of available floor area

•Successful IPO Launch
•Successful IPO Launch
•Successful IPO Launch
•Successful IPO Launch
•Successful IPO Launch
Seeker for Brahmos Missile
successfully tested
•Major products developed are at
advanced stages of completion
•Continuing withstrategic
product developmentto address
the increasing market opportunity
Seeker for Brahmos Missile
successfully tested
•Major products developed are at
advanced stages of completion
•Continuing withstrategic
product developmentto address
the increasing market opportunity
ire
m
e
•Designed and
developed
complete Radar
Capability
•Data Patterns
has a long history
of association
with India Space
Organizations.
Data Patterns
built a Nano
Satellite which
was deployed in
2017.
•DevelopedEW
receivers,
Satellite and
Ground Station
•Designed wide
openRWR and
ELINTfor
airborne
platforms
•DevelopedGlass
Cockpit Displays
/ Avionics
•Upgradation of
Tracking Radars
•DevelopedRF
and Microwave
capabilities
allow entry to
building complete
systems
•Initiated expansion of
manufacturing facility with
doubling of available floor area
•Started building of capacity to
handlelarge and heavy
equipment and integrationof
large radars and mobile EW
systems, satellite integration
facility
•Enhanced product line with
Radar receiverfor other aircrafts
•Designed radio relays, Engine
control Units, HF Bands Products
•Developed Software defined
Radios for Land and Air
•Maritime Patrol Radar
•Developed Satellites and
Satellites Subsystems
•Delivered components for
SONARS Servo and Actuator
Control System
•Tropo Modems ADSB and host of
other products
20212
porated in 1998
advanced stages of completion
•Continuing withstrategic
product developmentto addres
the increasing market opportunit
advanced stages of completion
•Continuing withstrategic
product developmentto addres
the increasing market opportunit
Incor
•Developed aF
Control Syste
for Brahmos
•Designed &
developed th
launch pad
countdown
system
ire
m
e

• Continuing with strategic product development to address the increasing market opportunity

Operating in High Growth Categories

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Radars

  • Surveillance Radars

  • Weather Radars

  • Coastal Surveillance Radars

  • Fire Control Radars

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Avionics

  • Light Combat Aircraft (“LCA”),

  • Intermediate Jet Trainers

  • Light Utility Helicopters (“LUH”)

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Electronic Warfare

  • Surveillance and intelligence gathering (“COMINT and ELINT”) & Follow-on Jammers

  • Airborne EW Suits consisting of Radar warner and Jammer Pods

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Commercial off the Shelfs

  • COTS modules designed in context of reusable building blocks for building Military Electronics systems with a quick turnaround Time

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Communication ATE and Satellites

  • Underwater electronics / Communications / Other Systems

  • Automated Test Equipment (ATE)

  • Small and Nano Satellites

19

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Rs mn

Consistent Track Record of Profitable Growth

Order Book (Rs Mn)

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10%+~ % growth CAGR FY21-FY25
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10,831
9,241
7,298
4,979 4,761
FY21 FY22 FY23 FY24 FY25
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High Gross Profits (Rs Mn)

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4,323
3,547
2,825
2,247
1,535
FY21 FY22 FY23 FY24 FY25
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Revenue from operations (Rs Mn)

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~ 33% Revenue CAGR from FY21-FY25
7,084
5,198
4,534
3,108
2,240
FY21 FY22 FY23 FY24 FY25
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EBITDA (Rs Mn)

~ 31% EBITDA CAGR from FY21-FY25

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2,750
2,216
1,718
1,409
920
FY21 FY22 FY23 FY24 FY25
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20

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Profitability

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Improving Yearly PAT ROE and ROCE (%)
Rs Mn ~ 41% PAT CAGR from FY21-FY25
ROE ROCE
38%
2,218 33%
31%
1,817
24%
1,240 22%
16% 18%
17%
939 15% 16%
556
FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25
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21

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Working Capital

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Debtor Day
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308 307
280
254
233
FY21 FY22 FY23 FY24 FY25
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Inventory Days
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187
164
155
141
120
FY21 FY22 FY23 FY24 FY25
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Creditor Days

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45
43
36 35
20
FY21 FY22 FY23 FY24 FY25
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Cash Conversion Cycle (Days)

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427 432 428
355
329
FY21 FY22 FY23 FY24 FY25
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22

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State of the Art Infrastructure

A mission- driven workforce with a culture of innovation

  • 10.28 Acres of land in Chennai, SIPCOT ~200,000 sq.ftAggregate of built-up area of manufacturing facilities

  • 20 Dedicated Mechanical assembly stations to assemble small and large systems and various others

  • Dedicated 70 workstations for testing modules and small systems

  • 100,000 class clean room

  • Capability to handle complex boards with 22 layer, 6k components and 21k solder points

  • EMS assembly capacity of 600 boards per day

  • • Fully operational EMI and EMC test facility

Modern infrastructure to address large system integration and test

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  • Large Systems • Additional Integration Hangar EMS Line

  • • Augmented Environmental Test Infrastructure

  • • Complete • Clean Room for Radar Satellite Integration Integration

  • • Electronic • Additional Warfare Space For Vehicle Design and Integration Development Resources

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Fully operational integrated manufacturing and test facilities
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23

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Highly Reputed & Experienced Management Team

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Mr. Srinivasagopalan Rangarajan Promoter, Chairman & Managing Director

Mr. Vijay Ananth K Whole Time Director, COO & Chief Information Security Officer

Mr. Thomas Mathuram Susikaran SVP – Business Development

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Ms. Rekha Murthy Rangarajan Promoter, Whole Time Director

Mr. Desinguraja Parthasarathy Chief Technology Officer

Mr. Venkata Subramanian Venkatachalam Chief Financial Officer

24

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Annexure

25

Historical Statement of Profit and Loss

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Particulars (Rs. Mn) FY21 FY22 FY 23 FY24 FY25
Revenue from Contract with Customers 2,240 3,109 4,535 5,198 7,084
Other Income 26 40 92 460 463
Total Revenue 2,266 3,148 4,627 5,658 7,547
Expenses:
a)Cost of materials consumed 630 916 1,941 1,808 3,513
b)Changes in inventories of FG, WIP and SIT 74 -55 -232 -157 -752
c)Employee benefits expenses 484 624 790 990 1,141
d)Finance cost 145 110 77 93 121
e)Depreciation / Amortization 56 66 85 161 139
f)Other expenses 131 214 317 340 432
Total Expenses 1,520 1,874 2,978 3,236 4,594
Profit before tax 745 1,274 1,648 2,422 2,953
Tax expense 190 334 409 605 735
Profit(Loss)for theperiod 556 940 1,240 1,817 2,218
Other Comprehensive Income -10 -12 -10 -6 -19
Total Comprehensive Income for theyear 546 928 1,230 1,811 2,199
PAT Margin % 24.8% 30.2% 27.3% 35.0% 31.3%
EBITDA 920 1,409 1,719 2,216 2,750
EBITDA margin% 41.1% 45.3% 37.9% 42.6% 38.8%
Return on Net Worth 30.70% 24.01% 14.24% 15.00% 16%
Total Debt 332.21 67.7 7 0 0
Debt to Equity 0.1 -0.3 -0.5 0.0 0.0

26

Historical Balance Sheet

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Particulars (Rs. Mn) Mar-21 Mar-22 Mar-23 Mar-24 Mar- 25 Particulars (Rs. Mn) Mar-21 Mar-22 Mar-23 Mar-24 Mar-25
ASSETS EQUITY AND LIABILITIES
Non-current assets Equity
(a) Share capital 17 104 112 112 112
(a) Property, Plant and Equipment 292 442 913 1,206 1,411
(b) Other Equity 2,062 5,641 11,559 13,130 14,970
(b) Capital Work in Progress - 173 14 72 128
Total equity and liabilities 2,079 5,745 11,671 13,242 15,082
(c) Intangible Assets 6 14 20 427 1,125 Liabilities
Non-current liabilities
(d) Right of Use Assets 34 20 188 278 299
(a) Financial Liabilities
(e) Other Financial Assets 341 1,220.4 900 926 914 (i) Borrowings 98 7 3 - -
(ii) Lease Liabilities/ others 24 11 4 29 51
Total non-current assets 673 1,868 2,034 2,909 3,877
(b) Provisions 85 111.6 102 101 123
Current assets
(c) Deferred Tax Liability (Net) 9 - - 23 225
(a) Inventories 738 1,198 1,930 2,668 3,185 (d) Other Non Current liabilities 274 157 1,307 21 143
Total non-current liabilities 490 287 1,416 174 542
(b) Financial Assets
Current liabilities
(i) Investment - - 557 2,622 3,266
(a) Financial Liabilities
(ii) Trade receivables 1,559 1,983 3,825 3,988 5,964 (i) Borrowings 235 60 5 - -
(ii) Trade payables 120 382 446 501 838
(iii) Cash and cash equivalents 88 1,771 2,152 881 377
(iii) Other Financial Liabilities 40 221 103 59 74
(iv) Other Bank Balances - - 3,326 3,046 887
(iv) Lease Liabilities 15 13 13 7 10
(iv) Other Financial Assets 51 88.6 142 21 21
(b) Other current liabilities 246 227 664 2,891 1,794
(c) Other current assets 177 158.3 383 783 814 (c) Provisions 10 7 31 45 51
Total current assets 2,613 5,199 12,315 14,009 14,514 (d) Current tax Liabilities 51 125 - - -
Total current liabilities 717 1,035 1,262 3,502 2,767
TOTAL ASSETS 3,286 7,067 14,349 16,918 18,391
TOTAL EQUITY AND LIABILITIES 3,286 7,067 14,349 16,918 18,391

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Historical Cash Flow Statement

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Particulars(Rs. Mn) FY21 FY22 FY23 FY24 FY25
Net Profit before tax 745 1,274 1,648 2,422 2953
Adjustments for :
Add : Depreciation 56 66 85 161 139
Add : Interest And Finance Charges 145 110 77 93 121
Add : Liquidated Damages (LD) Written Off - 13 45 9 23
Add : Unrealized Forex Gain/Loss - 3.9 11 -0.4
Less: Profit on sale of assets -1 - -
Less: Profit/Loss on sale of Mutual Funds - - -8 -55 -90
Less: Interest Income -22 -40 -84 -296 -199
Others -97 -153
Operating Profit Before Working Capital Changes 922 1,427 1,774 2,238 2,783
Adjustments For Working Capital Movements : -298 -621.5 -1,412 -213 -2,976
Cash Generated From Operations 624 806 362 2,025 -193
Direct Taxes (Paid) /adjusted -190 -284 -534 -631 -706
Net Cash flow From Operating Activities (A) 434 522 -172.4 1,394 -899
Cash Flow From Investing Activities (B) -87 -1,198 -3,828 -2,239 890
Cash Flow From Financing Activities (C) -449 2,359 4,381 -425 -496
Net Increase in Cash & Cash Equivalents (A+B+C) 73 1,683 381 -1,270 -505
Cash & Cash Equivalent At The Beginning Of The Year 15 88 1,771 2,152 881
Cash & Cash Equivalent At The End Of The Year 88 1,771 2,152 881 377

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Disclaimer

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This presentation and the accompanying slides (the “Presentation”), which have been prepared by Data Patterns (India) Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever.

Certain statements in this presentation concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The Risk and uncertainties relating to the statements include, but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures and general economic conditions affecting demand / supply and price conditions in domestic and international markets. The company does not undertake to update any forward –looking statement that may be made from time to time by or on behalf of the company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. The Company does not make any promise to update/provide such presentation along with results to be declared in the coming years.

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Monali Jain [email protected] M:+91 8078675682

Sheetal Khanduja [email protected] M:+91 9769364166