Latest news with #LightUtilityHelicopter
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Business Standard
4 days ago
- Business
- Business Standard
Data Patterns share price rises 4% in flat market; what's boosting rally?
Data Patterns share price advanced 3.6 per cent in trade on Thursday, June 19, 2025, logging an intraday high at ₹3,115.40 per share on BSE. At 10:03 AM, Data Patterns shares were trading 3.14 per cent higher at ₹3,099.45 per share on the BSE. In comparison, the BSE Sensex was up 0.06 per cent at 81,491.16. The company's market capitalisation stood at ₹17,351.95 crore. Its 52-week high was at ₹3,654.75 per share and 52-week low was at ₹1,350.5 per share. Why are Data Patterns shares rising in a flat market? The rally in Data Patterns shares came after the company, post-market hours on Wednesday, informed that credit rating agency Crisil has upgraded its long-term bank facilities worth ₹775 crore rating to "A+" with a "stable" outlook which was earlier "A" with a "positive" outlook. However, Crisil reaffirmed an "A1" rating on short-term bank loans. Crisil's "A+/Stable" rating signifies that a company or financial institution has been assessed as having a strong ability to meet its financial obligations. A+ rating indicates that the company or entity has a strong capacity to meet its debt obligations and is considered relatively low risk from a credit perspective. "Stable" outlook means that Crisil expects the company to maintain its current credit profile in the near future, without significant changes. In Q4FY24, Data Patterns profit climbed 60.5 per cent year-on-year (Y-o-Y) to ₹114.1 crore, from ₹71.1 crore in Q4FY25. The revenue from operations, or topline, zoomed 117.3 per cent Y-o-Y to ₹396.2 crore in the March quarter of FY25, from ₹182.3 crore in the March quarter of FY24. About Data Patterns Data Patterns engages in the design and development of electronic hardware, software, firmware, mechanical systems, and product prototypes, along with testing, validation, and verification services. The company's expertise spans a wide range of defence and aerospace technologies, including radars, electronic warfare systems, communications, avionics, small satellites, automated test equipment, and COTS solutions. Data Patterns is actively involved in key defence programs such as the Tejas Light Combat Aircraft, Light Utility Helicopter, BrahMos missile, and various communication and electronic intelligence systems. It collaborates closely with major defence PSUs like Hindustan Aeronautics Ltd (HAL) and Bharat Electronics Ltd (BEL), as well as key government agencies such as DRDO and ISRO involved in defence and space research.
Time of India
18-05-2025
- Business
- Time of India
‘Data Patterns expects fast tracking of defence orders'
Chennai: Data Patterns (India), a defense and aerospace electronics systems provider, expects fast tracking of defence orders in the current fiscal due to the tensions in the border, according to a senior executive of the company. 'Because of the present situation, orders for some of our products are likely to fast track, for which enquiries are going on. We are likely to get more orders for units delivered earlier and which have performed well during the operations,' Srinivasagopalan Rangarajan, chairman and managing director of Data Patterns, told TOI. 'We expect some large contracts to happen during the course of this year and development has already started so that if order comes, we should be able to deliver quickly,' he said without divulging further details on the size or products given the sensitivity of the subject. The company's current order book stands at Rs 860 crore and it expects to complete around 80% in the current fiscal. Last April its order book stood at Rs 1,083 crore. The company's guidance expects 20% to 25% growth in top and bottom line growth in FY26. Data Patterns is involved in radars, electronic warfare suites and programmes catering to Tejas Light Combat Aircraft, Light Utility Helicopter, BrahMos and works with Hindustan Aeronautics, Bharat Electronics and DRDO. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click Here For More on embedded analytics expertinspector Click Here Undo It also designs and develops complete products for both domestic (ministry of defence contracts) and export market, which is expected to materialise after testing and approvals. 'Some of these products are in advanced stages of completion and we are making at least Rs 150 crores for building infrastructure and competencies,' Rangarajan added. The company reported a 22% growth in profit after tax in 2024-25 (FY25) fiscal year to Rs 222 crore and 33% increase in total revenue to Rs 755 crore. For the March quarter of FY25, its revenue jumped 109% to Rs 407 crore and PAT grew 61% to Rs 114 crore. The company's board has recommended a final dividend of Rs 7.90 per share. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
14-05-2025
- Business
- Time of India
Kendrapada MP test flies HAL's light utility chopper
1 2 3 Kendrapada: BJP national vice-president and Kendrapada MP Baijayant Panda on Monday conducted a test flight of the indigenously developed Light Utility Helicopter (LUH) at the HAL facility in who chairs the committee on public undertakings (COPU) and holds a private pilot's licence for both aircraft and helicopters, praised the scientists and engineers at HAL for their achievement in indigenous aerospace manufacturing ."It was a special privilege to take the controls of HAL's prototype LUH," said Panda. "LUH is one of the finest examples of Atmanirbhar Bharat . I'm proud to experience first-hand the commitment, passion and skills of the people driving Make in India at the Maharatna PSU."The LUH, designed and developed by HAL's Rotary Wing Research and Design Centre (RWR&DC), is intended for both civilian and military applications. The project represents a significant milestone in India's push toward self-reliance in defence his visit, Panda also reviewed various facilities at the HAL complex in Bengaluru.
Yahoo
30-04-2025
- Business
- Yahoo
Safety fears keep most of India's go-to military helicopters grounded
CHRISTCHURCH, New Zealand — Following a fatal crash in January, India's entire fleet of Dhruv Advanced Light Helicopters – ALH for short – remains grounded, but the military has allowed some to fly after a deadly terrorist attack in Pahalgam, Kashmir, on April 23. The Indian Army, Air Force, Navy and Coast Guard rely heavily on 330-plus of the rotorcraft workhorses in their fleets. No end to their prolonged suspension is in view while an accident investigation unfolds. It was therefore notable that some Dhruvs were recently seen flying, suggesting temporary clearance was granted for counterterrorism operations in Jammu and Kashmir. To date, the ALH fleet manufactured by Hindustan Aeronautics Limited (HAL) has flown 450,000 hours, but the platform has suffered 28 crashes in the past 25 years. According to HAL, preliminary investigations blamed the latest crash on a swashplate fracture – a transmission part that translates pilot inputs into rotor blade motion. D.K Sunil, HAL's chairman and managing director, claimed in February that the ALH design had no fault. 'However, we're working with the Indian Coast Guard to examine their maintenance practices and determine whether any changes are required.' A final Defect Investigation Committee report is due in May, at which point 'we'll further take a call on the clearance,' Sunil said. Depending on any rectification work required, the ALH fleet may end up being grounded at least six months. The measure has already strained the military's fleet and forced the leasing of civilian helicopters as gap fillers. The grounding has also prompted criticism toward the manufacturer. Earlier this year, air force head Air Chief Marshal Amar Preet Singh bluntly said: 'At the moment, I'm just not confident in HAL.' He urged the company to 'alleviate those worries.' HAL lashed out in an April 10 press release, calling out 'speculative stories with malicious intentions' about safety issues. The company's order book backlog has grown to seven years, and it has other helicopter projects on the go. These include the Light Utility Helicopter, which achieved its maiden flight in September 2016. However, serial production is yet to proceed. In the next decade will come more than 300 13-ton-class Indian Multi-Role Helicopters, too. HAL logged its latest helicopter orders on March 28, with two deals for Prachand Light Combat Helicopters (LCH) – 90 for the army and 66 for the air force. The two contracts are reportedly worth an equivalent of over $7 billion. India's Ministry of Defence said the first LCHs would be delivered three years after contract signature, with production continuing five years thereafter. Furthermore, it is 'planned to achieve an overall indigenous content of over 65% during the execution of this procurement,' the government said. HAL previously delivered 15 limited-series production LCHs to India's military, the first of these handed over in 2021. HAL has declared a goal of aircraft exports accounting for 25% of the company's revenue. However, overseas sales currently account for a mere 1%.
