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![ManuJemini Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1898307811639226368.png) Manu Jemini [@ManuJemini](/creator/twitter/ManuJemini) on x XXX followers
Created: 2025-07-18 11:30:01 UTC

Data Patterns: Riding the Defence "Make in India" Wave! 🇮🇳🛰️

A deep dive into their Q4 FY25 Earnings Call ⬇️

Data Patterns reported a strong finish to FY25 with a XXX% YoY revenue surge in Q4.

The company is strategically transforming from a sub-system supplier to a full system integrator, positioning itself to capture large-value contracts in India's growing defence electronics market.

X. Outlook & FY26 Guidance
- Strong Order Inflow Expected: After a slower-than-expected order intake in FY25 due to external delays, management is targeting a significant ramp-up with ₹1,000–₹2,000 Crores in new orders for FY26.
- Revenue & Profit Guidance: The company has maintained its guidance for FY26:
- Revenue Growth: 20–25%
- Profit After Tax (PAT) Growth: XX%
- Sustainable Margins: Expects to maintain a sustainable EBITDA margin of 35–40%.
- Order Execution: 70–80% of the current order book (₹860 Crores as of the call date) is expected to be executed in FY26. 🎯

X. Key Project Updates
- BrahMos Program: The company is a key supplier for the BrahMos missile program (launchers, test systems). Critically, its in-house developed BrahMos seeker has been successfully flight-tested, opening up a major import substitution opportunity. Development and production orders are expected soon.
- Radar Programs: Data Patterns has delivered transportable precision approach radars and expects a significant sub-contracting role in the Ashwini LLTR radar program for which BEL has received an order. Contract discussions are ongoing.
- Electronic Warfare (EW) & Communications: The company has developed and flown Radar Warning Receivers (RWR) on platforms like the LCA Tejas and is ready to adapt them for the Sukhoi-30 upgrade. A full EW suite is in the advanced testing phase. 🚀

X. Strategic Shift & R&D
- System Integrator Model: The company is moving up the value chain from supplying sub-systems to providing end-to-end integrated systems. This allows it to bid for larger contracts (₹100s to ₹1,000+ Crores).
- Heavy R&D Investment: Over ₹140–150 Crores has been spent in the last XXX years on developing new products. The focus is on fire control radars, airborne EW suites, secure communication systems, and RF seekers. 🛠️

X. FY25 Financial Performance
- Record Q4: The fourth quarter saw revenue of ₹396.2 Crores (+117% YoY) and PAT of ₹114 Crores (+61% YoY).
- Full Year: For the full year FY25, revenue grew by XX% to ₹780 Crores, and PAT increased by XX% to ₹222 Crores.
- Margin & Working Capital: The Q4 gross margin dipped to XX% due to some low-margin strategic contracts. Working capital days increased to 468, attributed to development-heavy contracts and inventory buildup for large radar projects. Management expects this to normalize as the production mix increases. 📊

X. Exports & International Collaboration
- Global Push: The international order book stands at ₹107 Crores. The company is actively pursuing further export orders and is exploring joint development opportunities with European partners, especially for systems like radars for UAVs. 🌎

X. Management Tone
- Very Bullish: The management's tone was "very bullish" on the opportunities in the Indian defence market. They expressed strong confidence in their R&D capabilities, execution discipline, and their readiness to scale up for large, complex projects. 👍


XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946170591104401659/c:line.svg)

**Related Topics**
[surge](/topic/surge)
[quarterly earnings](/topic/quarterly-earnings)
[india](/topic/india)
[defence](/topic/defence)

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