Now Reading: Data Patterns keeps FY27 guidance despite 39% H1 revenue fall
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Data Patterns keeps FY27 guidance despite 39% H1 revenue fall
The Story in Brief
Data Patterns (India) Ltd has retained its FY27 revenue growth guidance of 20 to 25 per cent despite a 39 per cent year-on-year fall in H1, backed by a 2.6 times jump in the order book to Rs 1,700 crore. Jefferies retained a 'buy' rating with a price target of Rs 5,545, seeing a 47 per cent upside, while Nuvama kept a 'hold' at Rs 4,500, pending conversion of Rs 970 crore in negotiated orders and Rs 2,000 crore in incremental opportunities.
The company reported a 57 per cent drop in Q2 revenue to Rs 133 crore and a 55 per cent fall in net profit to Rs 22 crore, but secured Rs 929 crore in fresh orders, a 475 per cent increase. To meet the full-year target, Data Patterns needs H2 (October 2026 to March 2027) revenue growth of 66 to 75 per cent year-on-year. The stock gained 55 per cent in 2026 and closed 8.7 per cent higher on 9 November.
Indian Opinion Analysis
Jefferies, Nuvama and Choice Institutional Equities all note Data Patterns' weak H1 performance but focus on the strong order book and retained guidance, making this uniform coverage. Their different price targets reflect divergent views on execution risk: Jefferies sees a 47% upside and values the stock at a premium multiple, while Nuvama stays cautious pending order conversion. Livemint adds the 55% stock surge and the ST Advanced Composites acquisition, giving an investor-framing. The core tension is between the 39% H1 revenue fall and the retained 20 to 25% full-year target, which forces a 66 to 75% H2 growth requirement. Jefferies estimates a 47% upside, Nuvama keeps a hold price target of Rs 4,500. The stock closed 8.7% higher on 9 November.
Coverage: 3 sources, 3 neutral
Sources (3): businesstoday.in (neutral report), cnbctv18.com (neutral report), livemint.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Update, 10 November 2026: this story now draws on 3 sources.
