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Chennai-based Data Patterns (India) on Monday posted a 63.30 per cent growth in its second quarter net profit at ₹21.05 crore. The defence and aerospace electronics solutions provider’s net profit for the same quarter the previous year stood at ₹12.89 crore.
The company’s revenue from operations, on a year-on-year basis, jumped by 49 per cent to ₹88.16 crore (₹59.22 crore).
Shares of Data Patterns sharply swung between a high of ₹1,365 apiece and low of ₹1,271 on the Q2 results day. After opening at ₹1,340 apiece on Monday, shares of Data Patterns fell sharply in the pre-noon session to a low of ₹1,271 per share on the National Stock Exchange. However, the share price moved up in the post-noon session ahead of the result time and even tested an intra-day high of ₹1,365 per share before closing at ₹1,330 apiece.
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