Data Patterns (India) slides after Q1 profit drop

Data Patterns (India)

08/08/2025 05:36

** Shares of Data Patterns (India) DATP.NS fall 7.5% to 2,376.30 rupees

** Defence and aerospace electronics solutions provider's Q1 profit falls 22.2% Y/Y, revenue down 4.6% Y/Y

** "While revenue for the quarter was modest, primarily due to temporary delays in customer approvals, these are expected to normalize in the coming quarters," Chairman & Managing Director Srinivasagopalan Rangarajan said

** Trading vols at 325,393 shares so far, 1.4x the 30-day average

** DATP down ~4% YTD

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))