The acquisition will result in an in-house capability for composite parts required in the company’s radar and other programmes
The Board of Directors of defence and aerospace electronics solutions provider Data Patterns approved a proposal on Thursday for the full acquisition of Chennai based composite manufacturing company, ST Advanced Composites Pvt Ltd (STAC), for a total consideration of ₹10 crore. The acquisition will result in an in-house capability for composite parts required in the company’s radar and other programmes while also expanding the addressable value proposition in Data Patterns’ product offerings, it said in a media release Data Patterns on Thursday reported a 14 per cent dip in net profit for the quarter ended June 2026 (Q1 FY27) at ₹22 crore as against ₹25.5 crore in the same quarter last year. The company’s revenue from operations went up 17 per cent to ₹116 crore.Total orderThe total order book as on June 30, 2026, stood at ₹928 crore.“The quarter has met our expectations. Order inflow has been encouraging since the start of the financial year, with over ₹226 crore in orders received so far and more in the pipeline. While revenue for the quarter was modest, primarily due to temporary delays in customer approvals, these are expected to normalise in the coming quarters,”Srinivasagopalan Rangarajan, Chairman & Managing Director, Data Patterns (India) said.Shares of Data Patterns on the NSE closed at ₹4,451.70 on Thursday, up 0.34 per cent or ₹15.10.Published on July 30, 2026
