Data Patterns surges 13% on strong Q3 results, healthy order book position

With the expectation of new orders in Q4, the management said the company is focused on improving execution effectiveness to promote operating leverage and maintaining a diversified order book

Shares of Data Patterns (India) surged 13 per cent to Rs 1,317.75 on the BSE in Monday's intra-day trade after the company reported a strong performance in the December quarter, wherein the revenue and profit after tax (PAT) more-than-doubled. As on date, it has healthy orders of Rs 890.40 crore in hand, the company said in an exchange filing.

Revenue from operations for the quarter increased to Rs 111.8 crore, up 160 per cent year-on-year (YoY). The compan's PAT zoomed 272 per cent YoY at Rs 33.32 crore. On account of better execution, gross margins expanded 140 bps QoQ