What Happened
Defense Electronics Firm Expands In-House Manufacturing
Data Patterns has announced the acquisition of ST Advanced Composites for ₹10 crore to strengthen its in-house manufacturing of defense parts. The company reported a 17% revenue rise, but its quarterly net profit declined by 14%. The acquisition aims to bring the manufacturing of critical composite components under the company’s control, reducing reliance on third-party suppliers. According to the company’s latest financial report, the order book is valued at ₹928 crore as of June 30, 2026. This was reported by an unknown source.