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Dynacons Systems & Solutions Ltd. Interim / Quarterly Report 2021
61285_rns_2021-11-02_10bc4cc0-d1c1-4f12-8083-f0044b851d4a.pdf
Interim / Quarterly Report
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November 02, 2021
| BSE Limited | National Stock Exchange of India Limited |
|---|---|
| Phiroze Jeejeebhoy Tower, | Exchange Plaza, C-1, Block G, |
| Dalal Street, | Bandra Kurla Complex, Bandra (East), |
| Mumbai - 400 001 | Mumbai - 400051 |
| Scrip Code- 532365 | Symbol - DSSL |
Ref.: Scrip Code: BSE 532365/ NSE Symbol: DSSL
Sub: Clarification regarding Financials submitted for the Quarter and Half-year ended on September 30, 2021
This is to inform you that in the meeting of the Board of Directors of the Company held on November 01, 2021, the board had adopted Un-Audited Standalone and Consolidated Financial Results of the Company for the Quarter and half-year ended on September 30, 2021 along with Limited Review Report for the same.
There was a minor typo error in the "Other Comprehensive income" amount for the quarter ended September 30th 2021 column. The said error is not material and is a typo error. The Company hereby provides the revised Un-Audited Standalone and Consolidated Financial Results for the Quarter and half-year ended on September 30, 2021.
We request you to kindly take the same on your record and acknowledge the receipt of same.
Thanking you,
For Dynacons Systems & Solutions Ltd.
Dharmesh Anjaria MUMB Executive Director & Chief Financial Officer Din: 00445009
Dynacons Systems & Solutions Limited CIN NO: L72200MH1995PLC093130 Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056. Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. 2 +91-22-66889900 | ■ +91-22-26716641 | ● www.dynacons.com | ≥ [email protected] | 1860-123-4444
$MSP & CO$
CHARTERED ACCOUNTANTS
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056. TEL. 96999 57001. EMAIL: [email protected]
Independent Auditors' Review Report
To the Board of Directors of Dynacons Systems and Solutions Limited
-
- We have reviewed the accompanying statement of unaudited Standalone financial results of Dynacons Systems and Solutions Limited ("the Company") for the quarter ended September 30, 2021. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.
-
- We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
Emphasis of Matters
- i) The Opinion expressed in the present report is based on the information, facts and inputs made available to us through electronic means by the Company. We wish to highlight that due to the COVID-19 induced restrictions on physical movement and strict timelines, the entire audit team could not visit the office of the Company for undertaking the required audit procedures as prescribed under ICAI issued Standards on Auditing, including but not limited to:
- Inspection, Observation, examination and verification of the original documents of invoices, legal agreements, bank accounts statements / loan accounts statements and files.
- Physical verification of Cash. $\bullet$
- Physical Verification of Property, Plant and Equipment, Inventories as on September 30, 2021.
- Any other processes which required physical presence of the audit team.
Our opinion is not modified in respect of this matter.
$MSP\&CO.$ CHARTERED ACCOUNTANTS
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056. TEL. 96999 57001. EMAIL: [email protected]
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited financial results prepared in accordance with the applicable Accounting Standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
For MSP & CO. CHARTERED ACCOUNTANTS Firm Registration No. 107565W
MADHUSUDAN Digitally signed by SHANTILAL PARIKH
SHANTIL AL PARIKH Date: 2021.11.01 19:06:24 $+05'30'$
M.S. Parikh, Partner Membership No. 08684 Mumbai November 1, 2021 UDIN: - 21008684AAAADI3639
Revised Unaudited Standalone Financial Results for the Quarter and Half Year Ended September 30, 2021
| Particulars | (Rs in Lakhs) | |||||
|---|---|---|---|---|---|---|
| Ouarter Ended Sept. 30, 2021 Jun. 30, 2021 Sept. 30, 2020 |
Half Year Ended | Year Ended | ||||
| Income from Operations | Sept. 30, 2021 | Sept. 30, 2020 | Mar. 31, 2021 | |||
| a) Net Sales/ Income from operations | 13,906.29 | 14,617.89 | 9,321.05 | |||
| b) Other Income | 69.54 | 40.53 | 95.80 | 28,524.17 | 15,123.92 | 43,593.93 |
| Total Income from Operations | 13,975.83 | 14,658.42 | 9,416.85 | 110.07 | 133.30 | 186.74 |
| Expenses | 28,634.25 | 15,257.22 | 43,780.67 | |||
| a) Cost of material consumed | 14,204.15 | 11,751.18 | 8,195.64 | 25,955.32 | 12,962.80 | |
| b) Changes in Inventories | (1,694.17) | 1,465.20 | 133.83 | (228.97) | 193.50 | 42,185.41 |
| c) Employee benefits expense | 656.95 | 645.98 | 548.00 | 1,302.93 | 1,049.44 | (3,374,80) 2,393.67 |
| d) Finance Costs | 257.19 | 195.65 | 203.06 | 452.83 | 411.87 | 705.80 |
| e) Depreciation and amortization expense | 29.77 | 37.04 | 28.23 | 66.82 | 44.52 | 125.80 |
| f) Other expenses | 97.80 | 151.45 | 62.42 | 249.25 | 168.91 | 535.30 |
| Total expenses (a to e) | 13,551.70 | 14,246.49 | 9,171.17 | 27,798.19 | 14,831.03 | 42,571.17 |
| Profit before tax and exceptional items(1-2) | 424.13 | 411.93 | 245.68 | 836.06 | 426.19 | 1,209.49 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax (7-8) | 424.13 | 411.93 | 245.68 | 836.06 | 426.19 | 1,209.49 |
| Tax expense | 91.38 | 87.87 | 51.47 | 179.25 | 89.97 | 287.24 |
| Net Profit after Tax (9-10) | 332.75 | 324.06 | 194.21 | 656.81 | 336.22 | 922.26 |
| Other comprehensive income | ||||||
| A(i) Items that will not be reclassified to profit or loss | ||||||
| - Remeasurement of defined Benefit Plans | (2.11) | (2.46) | 0.00 | (4.58) | (5.11) | (9.61) |
| - Gains and losses from investments in equity | ||||||
| instruments | 7.33 | 3.68 | 0.00 | 11.01 | (0.25) | 7.93 |
| A(ii) Income tax relating to items that will not be | ||||||
| reclassified to profit or loss | ||||||
| - Remeasurement of defined Benefit Plans - Gains and losses from investments in equity |
1.15 | 0.00 | (1.53) | 1.15 | (1.53) | 2.41 |
| instruments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| B(i) Items that will be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| B(ii) Income tax relating to Items that will be reclassified | ||||||
| to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total other comprehensive income (A (i-ii) +B (i-ii) | 4.07 | 1.22 | 1.53 | 7.59 | (3.83) | 0.73 |
| Total comprehensive income (11+12) | 336.82 | 325.28 | 195.74 | 664.40 | 332.39 | 922.99 |
| Earnings Per Share | ||||||
| Basic EPS (N Profit) |
||||||
| EPS (Total Comprehensive Income) | 3.28 3.32 |
3.20 | 2.12 | 6.48 | 3.67 | 10.08 |
| Diluted | 3.22 | 2.13 | 6.56 | 3.62 | 10.09 | |
| EPS (N Profit) | 2.62 | 2.55 | 2.12 | 5.17 | ||
| EPS (Total Comprehensive Income) | 2.65 | 2.57 | 2.13 | 5.23 | 3.67 | 7.88 7.88 |
| 3.62 |
For Dynacons Systems & Solutions Ltd. for and on behalf of the Board of Directors
Dharmesh S. Anjaria
Executive Director
Din No: 00445009
M٢
MUMB
Mumbai
November 1, 2021
Dynacons Systems & Solutions Limited
CIN NO: L72200MH1995PLC093130
Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. 1991-22-66889900 | ■ +91-22-26716641 | ● www.dynacons.com | M [email protected] | 1860-123-4444
Unaudited Standalone Statement of Assets & Liabilities as on September 30, 2021
| (Rs in lacs) | ||
|---|---|---|
| Particulars | Half Year Ended | Half Year Ended |
| 30-Sep-21 | 30-Sep-20 | |
| Unaudited | Unaudited | |
| A ASSETS | ||
| Non-current assets | ||
| (a) Property, Plant and Equipment | 330.02 | 148.88 |
| (b) Right-of-use asset | 240.03 | 191.59 |
| (c) Investment in Subsidiaries | 5.05 | 5.05 |
| (d) Financial Assets | ||
| i) Investments | 50.02 | 30.82 |
| (e) Deferred Tax Assets (Net) | 24.46 | 15.19 |
| Sub-total-Non-Current Assets | 649.58 | 391.53 |
| Current assets | ||
| (a) Inventories | 4,475.62 | |
| (b) Financial Assets | 678.36 | |
| i) Trade receivables | 12,945.10 | 9,352.67 |
| ii) Cash and cash equivalents | 1,344.57 | 424.78 |
| iii) Other balances with banks | 1,299.18 | 1,352.58 |
| iv) Short-term loans and advances | 15.72 | 22.89 |
| v) Other Financial Assets | 467.26 | 329.78 |
| (c) Other Current Assets |
75.45 | 394.25 |
| Sub-total-Current Assets | 20,622.91 | 12,555.32 |
| TOTAL ASSETS | ||
| 21.272.49 | 12,946.85 | |
| B EQUITY AND LIABILITIES | ||
| Shareholders' funds | ||
| (a) Equity Share Capital | 1,013.31 | 917.31 |
| (b) Other Equity | 4,785.39 | 2,988.36 |
| Sub-total-Shareholders' funds | 5,798.70 | 3,905.67 |
| Share application money pending allotment | ||
| Non-current liabilities | ||
| (a) Financial Liabilities | ||
| i) Long-term borrowings | 902.48 | 360.35 |
| i) Lease Liabilities | 210.74 | 166.49 |
| (b) Long-term provisions | 166.09 | 124.86 |
| (c) Other non-current liabilities |
8.12 | 8.95 |
| Sub-total-Non-Current Liabilities | 1,287.43 | 660.66 |
| Current liabilities | ||
| (a) Financial Liabilities | ||
| i) Short-term borrowings | 4,933.32 | 3,687.98 |
| ii) Trade payables | ||
| (a) Total outstanding dues of micro enterprises and small |
||
| enterprises | 3.70 | 0.81 |
| (b) Total outstanding dues of creditors other than micro |
||
| enterprises | 8,575.78 | 4,117.69 |
| (c) Lease Liabilities |
59.74 | 22.11 |
| (iii) Other Financial Liabiliities |
291.77 | 16.67 |
| Other current liabilities | 322.04 | 535.26 |
| Sub-total-Current Liabilities | 14,186.36 | 8,380.52 |
| TOTAL - EQUITY AND LIABILITIES | 21,272.49 | 12,946.85 |
Dynacons Systems & Solutions Limited CIN NO: L72200MH1995PLC093130
MUMBAI
Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Leve
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 0563 Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai-400 057. 第 +91-22-66889900 | ■ +91-22-26716641 | ● www.dynacons.com | × [email protected] | 1860-123-4444
Notes:
- 1) The above results were reviewed and recommeded by the Audit Committee at its meeting held on November 1, 2021 and were placed and approved at the meeting of the Board of Directors held on November 1, 2021
- The company operates in the segment of Systems Integration and Services. $21$
- The unaudited financial results of the Company for the quarter ended September 30, 2021 have been subject to 3) limited review by its Statutory Auditors.
- 4) These results have been prepared in accordance with the Ind AS notified under Companies (Indian Accounting Standard) Rules. 2015 and Companies (Indian Accounting Standards) Amendment Rules. 2016.
- 5) The Company in the Board meeting held on October 04, 2021 has allotted 11,45,000 shares towards conversion of 11,45,000 warrants into equity shares for Rs. 28 each (including premium of Rs. 18 each), issued on preferential basis for which the Company received balance 75% of the issue price i.e. Rs. 2,40,45,000 on September 29, 2021
- 6) The format for unaudited quarterly results as prescribed in SEBI's circular CIR/CFD/CMD/15/2015 dated 30th November 2015 has been modified to comply with requirements of SEBI's circular dated 5th July 2016, Ind AS and Schedule III to the Companies Act. 2013.
- 7) The figures for the previous period have been regrouped and re-arranged, wherever necessary, to make them comparable with the current period.
For Dynacons Systems & Solutions Ltd. for and on behalf of the Board of Directors
Mumbai
November 1, 2021
Dharmesh S. Anjaria Executive Director Din No: 00445009
Dynacons Systems & Solutions Limited CIN NO: L72200MH1995PLC093130 Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056. Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. 第 +91-22-66889900 | 191-22-26716641 | 4 www.dynacons.com | > [email protected] | 1860-123-4444
Standalone Cash Flow Statement for the half year ended 30th Sep, 2021
| Particulars | For the period ended 30th Sep, 2021 |
For the period ended 30th Sep, 2020 |
|---|---|---|
| CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net profit before Tax and extraordinary items | 836.06 | 426.19 |
| Add: Depreciation And Amortisation Expense |
66.82 | 44.52 |
| Finance Costs | 452.83 | 411.87 |
| Dividend Income | 0.00 | (55.28) |
| 519.65 | 401.11 | |
| Operating profit before working Capital | 1,355.71 | 827.30 |
| Changes in current assets and liabilities | ||
| Adjustments for (increase) / decrease in operating assets: | ||
| Inventories | (228.97) | 193.50 |
| Trade receivables | (2,755.57) | (953.10) |
| Other current financial assets | 44.95 | (75.00) |
| Other current assets | 14.93 | 167.72 |
| Adjustments for increase / (decrease) in operating liabilities: | ||
| Trade payables | 603.67 | (156.62) |
| Other current financial liabilities | 36.26 | (4.66) |
| Other current liabilities | (314.05) | 49.96 |
| Other non current Liabilities | 3.74 | 0.00 |
| Provisions | 17.73 | 13.36 |
| (2, 577.31) | (764.85) | |
| Cash Generated from Operations | (1,221.60) | 62.44 |
| Taxes paid | (133.36) | (53.44) |
| Net Cash Flow from operating activities | (1, 354.96) | 9.00 |
| в CASH FLOW FROM INVESTING ACTIVITIES |
||
| Purchase of Property, Plant and Equipment | (1.12) | (0.31) |
| Dividend received | 0.00 | 55.28 |
| Payment for Acquring Right-of-use Asset | 0.00 | (10.29) |
| Investments | 0.00 | (30.00) |
| Net Cash Used for Investing Activities | (1.12) | 14.67 |
| CASH FLOW FROM FINANCING ACTIVITIES | ||
| Repayment of Lease Liabiliites | (31.77) | 0.00 |
| Money received against share warrants | 240.45 | 0.00 |
| Dividend Paid | (50.67) | (45.87) |
| Repayment of long-term borrowings | 0.00 | 342.72 |
| Short-term borrowings (net) | 541.18 | 206.23 |
| Short-term borrowings (net) (Also refer note 14) | 1,504.41 | 0.00 |
| Interest Paid | (452.83) | (411.87) |
| Net cash From Financing Activities | 1,750.77 | 91.21 |
BAST MUMBA
Dynacons Systems & Solutions Limited CIN NO: L72200MH1995PLC093130
Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056. Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. 1860-123-4444 +91-22-26716641 | @ www.dynacons.com | M [email protected] | 1860-123-4444
Standalone Cash Flow Statement for the half year ended 30th Sep, 2021
| Particulars | For the period ended 30th Sep, 2021 |
For the period ended 30th Sep, 2020 |
|
|---|---|---|---|
| Ð | Net Increase in Cash and Cash Equivalents (A+B+C) | 394.69 | 114.88 |
| E | Cash and Cash Equivalents at the beginning of the year | 949.88 | 309.90 |
| F | Cash and Cash Equivalents at the end of the year | 1,344.57 | 424.78 |
For and on behalf of the Board of Directors
Æ
MS MUMB Dharmesh Anjaria Executive Director Din No: 00445009 Mumbai: November 1, 2021
Dynacons Systems & Solutions Limited CIN NO: L72200MH1995PLC093130 Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056. Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. 第91-22-66889900 | 191-22-26716641 | 19 www.dynacons.com | 2 [email protected] | 1860-123-4444
$MSP & CO$ CHARTERED ACCOUNTANTS
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056. TEL. 96999 57001. EMAIL: [email protected]
Independent Auditors' Review Report
To the Board of Directors of Dynacons Systems and Solutions Limited
-
- We have reviewed the accompanying statement of Consolidated Unaudited financial results of Dynacons Systems and Solutions Limited ("the Parent") and its subsidiary (together referred to as "the Group") for the quarter ended September, 2021, being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
- $2.$ This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act. 2013. and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
- We conducted our review of the Statement in accordance with the Standard on Review 3. Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
$MSP & CO$ CHARTERED ACCOUNTANTS
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056. TEL. 96999 57001. EMAIL: [email protected]
- $4.$ The Statement includes the results of the following entities :-
- Dynacons Systems and Solutions Ltd (Holding Company) $i)$
- $ii)$ Dynacons Systems and Solutions PTE Limited (Subsidiary Company)
Emphasis of Matters
- The Opinion expressed in the present report is based on the information, facts and $i)$ inputs made available to us through electronic means by the Company. We wish to highlight that due to the COVID-19 induced restrictions on physical movement and strict timelines, the entire audit team could not visit the office of the Company for undertaking the required audit procedures as prescribed under ICAI issued Standards on Auditing, including but not limited to:
- Inspection, Observation, examination and verification of the original documents of invoices, legal agreements, bank accounts statements / loan accounts statements and files.
- Physical verification of Cash.
- Physical Verification of Property, Plant and Equipment, Inventories as on September 30, 2021.
- Any other processes which required physical presence of the audit team.
Our conclusion on the Statement is not modified in respect of the above matter.
- Based on our review conducted and procedures performed as stated in paragraph 3 above and as per paragraph 6, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
$MSP\&CO.$ CHARTERED ACCOUNTANTS
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056. TEL. 96999 57001. EMAIL: [email protected]
The consolidated unaudited financial results includes the interim financial results of one 6. subsidiary whose interim financial results reflects total revenue of Rs. NIL, the total net loss of Rs. 0.15 for the quarter ended September 30, 2021 as considered in the consolidated unaudited financial results which have not been reviewed by their auditors. According to the information and explanations given to us by the management, these interim financial results are not material to the Group.
For MSP & CO. CHARTERED ACCOUNTANTS Firm Registration No. 107565W
MADHUSUDAN Digitally signed by SHANTILAL PARIKH
SHANTILAL PARIKH Date: 2021.11.01 18:55:01 $+05'30'$
M.S. Parikh, Partner Membership No. 08684 Mumbai November 1, 2021 UDIN: 21008684AAAADJ1595
Revised Unaudited Consolidated Financial Results for the Quarter and Half Year Ended September 30, 2021
| Particulars | (Rs in Lakhs) | ||||||
|---|---|---|---|---|---|---|---|
| Quarter Ended Sept. 30, 2021 |
Half Year Ended | Year Ended | |||||
| Income from Operations | Jun. 30, 2021 | Sept. 30, 2020 | Sept. 30, 2021 | Sept. 30, 2020 | Mar. 31, 2021 | ||
| a) Net Sales/ Income from operations | 13,906.29 | ||||||
| b) Other Income | 69.54 | 14,617.89 | 9,320.98 | 28,524.17 | 15,123.85 | 43,593.68 | |
| Total Income from Operations | 13,975.83 | 40.53 | 40.52 | 110.07 | 78.02 | 131.46 | |
| Expenses | 14,658.42 | 9,361.51 | 28,634.25 | 15,201.88 | 43,725.14 | ||
| a) Cost of material consumed | 14,204.15 | 11,751.18 | |||||
| b) Changes in Inventories | (1,694.17) | 8,195.64 | 25,955.32 | 12,962.80 | 42,185.41 | ||
| c) Employee benefits expense | 656.95 | 1,465.20 645.98 |
133.83 548.00 |
(228.97) | 193.50 | (3,374.80) | |
| d) Finance Costs | 257.19 | 195.65 | 1,302.93 | 1,049.44 | 2,393.67 | ||
| e) Depreciation and amortization expense | 29.77 | 37.04 | 203.06 28.30 |
452.83 | 411.87 | 705.80 | |
| f) Other expenses | 97.95 | 151.48 | 62.65 | 66.82 249.43 |
44.59 | 125.80 | |
| Total expenses (a to e) | 13,551.84 | 14,246.52 | 9,171.47 | 27,798.37 | 169.18 | 543.89 | |
| 14,831.37 | 42,579.76 | ||||||
| Profit before tax and exceptional items(1-2) | 423.98 | 411.90 | 190.03 | 835.88 | |||
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 370.50 | 1,145.38 | |
| Profit before tax (7-8) | 423.98 | 411.90 | 190.03 | 835.88 | 0.00 | 0.00 | |
| Tax expense | 91.38 | 87.87 | 51.47 | 179.25 | 370.50 89.97 |
1,145.38 | |
| Net Profit after Tax (9-10) | 332.60 | 324.03 | 138.56 | 656.63 | 280.53 | 291.65 | |
| Other comprehensive income | 853.73 | ||||||
| A(i) Items that will not be reclassified to profit or loss | |||||||
| - Remeasurement of defined Benefit Plans | (2.11) | (2.46) | 0.00 | (4.58) | (5.11) | (9.61) | |
| Gains and losses from investments in equity instruments | 7.33 | 3.68 | (0.15) | 11.01 | (0.25) | ||
| - Foreign Exchange Gains or loss | 0.00 | 0.00 | (1.28) | 0.00 | 0.00 | 7.93 0.00 |
|
| A(ii) Income tax relating to items that will not be reclassified to | |||||||
| profit or loss | |||||||
| - Remeasurement of defined Benefit Plans | 0.53 | 0.62 | 1.28 | 1.15 | 1.28 | 2.41 | |
| - Foreign Exchange Gains or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| B(i) Items that will be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| B(ii) Income tax relating to Items that will be reclassified to | |||||||
| profit or loss. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Total other comprehensive income (A (i-ii) +B (i-ii) | 4.69 | 1.84 | (2.71) | 7.59 | (6.39) | 0.73 | |
| Total comprehensive income (11+12) | 337.30 | 325.87 | 135.85 | 664.22 | 274.14 | 854.46 | |
| Earnings Per Share | |||||||
| Basic | |||||||
| EPS (N Profit) | 3.28 | 3.20 | 1.51 | 6.48 | 3.06 | 9.33 | |
| EPS (Total Comprehensive Income) | 3.33 | 3.22 | 1.48 | 6.55 | 3.01 | 9.34 | |
| Diluted | |||||||
| EPS (N Profit) | 2.62 | 2.55 | 1.51 | 5.17 | 3.06 | 7.29 | |
| EPS (Total Comprehensive Income) | 2.66 | 2.57 | 1.48 | 523 | 3.01 | 220 |
Mumbai
November 1, 2021
For Dynacons Systems & Solutions Ltd. for and on behalf of the Board of Directors
$MSR$ Dharmesh S. Anjaria MUMRA Executive Director Din No: 00445009
Dynacons Systems & Solutions Limited CIN NO: L72200MH1995PLC093130
Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. 2 +91-22-66889900 | ■ +91-22-26716641 | ● www.dynacons.com | ≥ [email protected] | 1860-123-4444
Unaudited Consolidated Statement of Assets & Liabilities as on September 30, 2021
| Particulars | (Rs in lacs) Half Year Ended |
(Rs in lacs) Half Year Ended |
|---|---|---|
| 30-Sep-21 | 30-Sep-20 | |
| ASSETS A |
Unaudited | Unaudited |
| Non-current assets | ||
| (a) Property, Plant and Equipment | 330.02 | 148.88 |
| (b) Right-of-use asset | 240.03 | 191.59 |
| (c) Investment in Subsidiaries | ۰ | |
| (d) Financial Assets | ||
| i) Investments (e) Deferred Tax Assets (Net) |
50.02 | 30.82 |
| 24.46 | 16.79 | |
| Sub-total-Non-Current Assets | 644.53 | 388.09 |
| Current assets | ||
| (a) Inventories | 4,475.62 | 678.36 |
| (b) Financial Assets | ||
| (i) Trade receivables |
12,940.55 | 9,352.09 |
| (ii) Cash and cash equivalents |
1,364.50 | 448.61 |
| (iii) Other balances with banks |
1,299.18 | 1,352.58 |
| (iv) Short-term loans and advances |
15.72 | 22.89 |
| (v) Other Financial Assets (c) Other Current Assets |
467.26 | 329.78 |
| 85.94 | 396.56 | |
| Sub-total-Current Assets | 20,648.77 | 12,580.87 |
| TOTAL ASSETS | 21,293.30 | 12,968.96 |
| в EQUITY AND LIABILITIES |
||
| Shareholders' funds | ||
| (a) Equity Share Capital | 1,013.31 | 917.31 |
| (b) Other Equity | 4,799.82 | 3,006.34 |
| Sub-total-Shareholders' funds | 5,813.13 | 3,923.65 |
| Share application money pending allotment | ||
| Minority Interest | ||
| Non-current liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings |
902.48 | 360.35 |
| (ii) Lease Liabilities |
210.74 | 166.49 |
| (b) Long-Term Provisions | 166.09 | 124.86 |
| (c) Deferred Tax Liabilities (Net) (d) |
||
| Other non-current liabilities Sub-total-Non-Current Liabilities |
8.12 | 8.95 |
| 1,287.43 | 660.66 | |
| Current liabilities | ||
| (a) Financial Liabilities (i) Borrowings |
||
| (ii) Trade Payables |
4,933.32 | 3,687.98 |
| (a) Total outstanding dues of micro enterprises and small enterprises |
||
| (b) Total outstanding dues of creditors other than micro enterprises and small ent |
3.70 8,582.17 |
0.81 4,121.82 |
| (c) Lease Liabilities |
59.74 | 22.11 |
| (iii) Other Financial Liabiliities |
291.77 | 16.67 |
| (b) Provisions | ||
| Other Current Liabilities (c) |
322.04 | 535.26 |
| Sub-total-Current Liabilities | 14,192.74 | 8,384.65 |
| TOTAL - EQUITY AND PYDACODS Systems & Solutions Limited CIN NO : L72200MH1995PLC093130 |
21,293.30 | 2,968.96 |
| Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level | ||
| Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 0 | MUMBAI | |
| Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Macrigai - 400,0 | ||
| +91-22-66889900 Letter +91-22-26716641 ⊕ www.dynacons.com ≤ [email protected] |
1860-123-4444 |
67.
Notes:
- $1)$ The above results were reviewed and recommeded by the Audit Committee at its meeting held on November 1, 2021 and were placed and approved at the meeting of the Board of Directors held on November 1, 2021
- $\mathcal{D}$ The company operates in the segment of Systems Integration and Services.
- The unaudited financial results of the Company for the quarter ended September 30, 2021 have been subject to limited review by its $3)$ Statutory Auditors. $4)$
- These results have been prepared in accordance with the Ind AS notified under Companies (Indian Accounting Standard) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.
- The Company in the Board meeting held on October 04, 2021 has allotted 11,45,000 shares towards conversion of 11,45,000 warrants $5)$ into equity shares for Rs. 28 each (including premium of Rs. 18 each), issued on preferential basis for which the Company received balance 75% of the issue price i.e. Rs. 2,40,45,000 on September 29, 2021
- The format for unaudited quarterly results as prescribed in SEBI's circular CIR/CFD/CMD/15/2015 dated 30th November 2015 has been $6)$ modified to comply with requirements of SEBI's circular dated 5th July 2016, Ind AS and Schedule III to the Companies Act, 2013. $7)$
- The figures for the previous period have been regrouped and re-arranged, wherever necessary, to make them comparable with the current period.
For Dynacons Systems & Solutions Ltd. for and on behalf of the Board of Directors
Mumbai
November 1, 2021
Dharmesh S. Aniaria Executive Director Din No: 00445009
Dynacons Systems & Solutions Limited CIN NO: L72200MH1995PLC093130 Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056. Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. 2 +91-22-66889900 | ■ +91-22-26716641 | ● www.dynacons.com | ■ [email protected] | 1860-123-4444
Consolidated Cash Flow Statement for the half year ended 30th September, 2021
| Particulars | For the period ended 30th September, 2021 |
For the period ended |
|---|---|---|
| A CASH FLOW FROM OPERATING ACTIVITIES | 30th September, 2020 | |
| Net profit before Tax and extraordinary items | ||
| 835.88 | 370.50 | |
| Add: Depreciation And Amortisation Expense Finance Costs |
66.82 | 44.59 |
| Difference in Foreign Exchange Rates | 452.83 | 411.87 |
| 0.05 | 0.60 | |
| 519.70 | 457.06 | |
| Operating profit before working Capital | 1,355.58 | 827.56 |
| Changes in current assets and liabilities | ||
| Adjustments for (increase) / decrease in operating assets: | ||
| Inventories | (228.97) | 193.50 |
| Trade receivables | (2,751.02) | (952.52) |
| Other current financial assets Other current assets |
44.95 | (75.00) |
| Adjustments for increase / (decrease) in operating liabilities: | 12.97 | 174.28 |
| Increase/(Decrease) in Current Liabilities & Provision | ||
| Trade payables | 597.67 | |
| Other current financial liabilities | 36.26 | (159.30) |
| Other current liabilities | (314.05) | (4.66) 49.96 |
| Other non current Liabilities | 3.74 | 0.00 |
| Provisions | 17.73 | 13.36 |
| (2,580.71) | (760.40) | |
| Cash Generated from Operations | (1,225.14) | 67.17 |
| Taxes paid | ||
| (133.36) | (53.44) | |
| Net Cash Flow from operating activities | (1,358.50) | 13.72 |
| CASH FLOW FROM INVESTING ACTIVITIES в |
||
| Purchase of Property, Plant and Equipment | (1.12) | (0.31) |
| Payment for Acquring Right-of-use Asset Investments |
0.00 | (10.29) |
| 0.00 | (30.00) | |
| Net Cash Used for Investing Activities | (1.12) | (40.60) |
| CASH FLOW FROM FINANCING ACTIVITIES | ||
| Repayment of Lease Liabiliites | ||
| Money received against share warrants | (31.77) 240.45 |
0.00 |
| Payment of Dividend | (50.67) | 0.00 (55.28) |
| Money received against share warrants | 0.00 | 0.00 |
| Repayment of long-term borrowings Short-term borrowings (net) |
541.18 | 342.72 |
| Interest Paid | 1,504.41 | 206.23 |
| (452.83) | (411.87) | |
| Net cash From Financing Activities | 1,750.77 | 81.80 |
Dynacons Systems & Solutions Limited CIN NO: L72200MH1995PLC093130
MUMB/
Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Levela
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056. Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. → +91-22-66889900 | ■ +91-22-26716641 | ● www.dynacons.com | → [email protected] | 1860-123-4444
Consolidated Cash Flow Statement for the half year ended 30th September, 2021
| Particulars | For the period ended 30th September, 2021 |
For the period ended 30th September, 2020 |
|
|---|---|---|---|
| D | Net Increase in Cash and Cash Equivalents (A+B+C) | 391.16 | 54.92 |
| Cash and Cash Equivalents at the beginning of the year | 973.34 | 393.69 | |
| Е | Cash and Cash Equivalents at the end of the year | 1,364.50 | 448.61 |
For and on behalf of the Board of Directors
MUMBAI
Dharmesh Anjaria Executive Director Din No: 00445009 Mumbai: November 1, 2021
Dynacons Systems & Solutions Limited CIN NO: L72200MH1995PLC093130 Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056. Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. → +91-22-66889900 | ● +91-22-26716641 | ● www.dynacons.com | △ [email protected] | 1860-123-4444