Data Patterns Q1 Profit Declines Amid Revenue Growth, Announces Acquisition

Data Patterns is a defence electronics company in India.

In its first quarter of 2023, it made less money than before, even though it sold more products.

The company said its profits went down because the cost of running the business was higher.

To help, it decided to buy a company that makes composite materials, which are used in its products.

The new purchase should make it easier to produce these materials inside the company.

Data Patterns also has a big list of orders worth ₹2,654 crore, which means it can expect good sales in the future.