Dynamatic Technologies Ltd. — Interim / Quarterly Report 2022

Feb 8, 2022

DYNAMATIC TECHNOLOGIES LIMITED

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8[th ] February 2022

1. The Secretary Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001.

2. The Secretary National Stock Exchange of India Limited "Exchange Plaza" Bandra-Kurla Complex Bandra East, Mumbai - 400 051

Dear Sir / Madam,

Sub: Board Meeting outcome.

Ref: Scrip Code: 505242 / DYNAMATECH

Further to our letter dated p[t ] February 2022, we write to inform you that incompliance with the provisions of Regulation 30 of SEBI (LODR) Regulations, 2015, the significant matters arising out of the Board Meeting held today were as follows:

1. The Board considered and approved the Un-Audited Standalone and Consolidated Financial Results for the quarter ended 3p[t ] December 2021, along with the limited review report by Statutory Auditors of the Company. Copy of the Un-Audited Financial Results have been enclosed.

2. The Board accorded their consent to shift the registered office of the Company from "Dynamatic Park, Peenya, Bangalore, Karnataka - 560058" to "Dynamatic Aerotropolis, No. 55, KIADB Industrial Area, Bangalore Aerospace Park SEZ, Unachur Village, Jala Hobli, Devanahalli, Bengaluru, Karnataka - 562110" with effect from 1[s][t ] April, 2022

The meeting of Board of Directors held today commenced at 2:15 pm and concluded at 6.30 pm

The aforesaid information is also available on the website of the company at https: / / dynamatics.com/

We kindly request you to take note of the above along with the enclosures on record.

Thank you.

Yours Sincerely, for DYNAMATIC TECHNOL✓ES LIMITED 4 N'l t'l �

Shivaram V�

Head Legal, Compliance and Company Secretary

Dynamatic Park Peenya Bangalore 560 058 India Tel +91 80 2839 4933 / 34 / 35 Fax +91 80 2839 5823 www.dynamatics.com

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Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru – 560 001 Karnataka, India

Tel: +91 80 6188 6000 Fax: +91 80 6188 6011

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INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF DYNAMATIC TECHNOLOGIES LIMITED

1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of DYNAMATIC TECHNOLOGIES LIMITED (“the Company”), for the quarter and nine months ended December 31, 2021 (“the Statement”), being submitted by the Company 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 Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement 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 (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company’s personnel 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 specified under section 143(10) of the Companies Act, 2013 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.

4. Based on our review conducted as stated in paragraph 3 above, 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.

For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm’s Registration No. 117366W/W-100018)

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Bengaluru, February 8, 2022 SPK/LS/2022

Sathya P. Koushik Partner Membership No. 206920 UDIN: 22206920AAVQNV8182

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DYNAMATIC TECHNOLOGIES LIMITED Cl�: L72200KAl973PLC002308

llYNAMATIC PARK, l'•�F.NYA, IIANC.AI.OR•:-�60 O�R, INlllA

Statement of Unaudited Standalone Financial Results for the quarter and nine months ended 31 D,e,mbcr 2021

					(NR i1 lakhs, ccrpl as olhuwie slulrdJ	(NR i1 lakhs, ccrpl as olhuwie slulrdJ	(NR i1 lakhs, ccrpl as olhuwie slulrdJ
SI. Nn.	Pu1itulan	3 n1onths mdcd 31 l>tmbr 2011 Cllnauitcd)	Precfdi•A J monta endtd JR S1ltrmher 2021 (Un.udiltd)	CorrNpo•ding 3 montht fnde in previo11. �rlod JI l>cc tmberlOZO (Unaudllcd)	Vear to due fures rr the CUl!nl p.io ,ndrd 3 I U«embff 2021 (Unauited)	Yir to d1tc flgul"H forth pr(vlou, pniod ened .I l>«<mb<r 202V (U■audllrd)	Pnvlous )'rar tndcd JI Mardi 2021 (AUllitcd)
I	Income
	it) R1�vcn11e from Ofl("ralinns	14.415	l..176	14.041	40.8.\2	36.423	51.374
	b) Other income	(7)	649	273	740	288	437
	To1al income (a+b)	14,408	13 ,825	14,314	41,592	36,711	Sl,811
2	Expenses
	a) Cosl ofrnw materials and components consumed	6.552	5.792	7.155	17.512	16,062	22.551
	h) Chnngcs in inventories oflinishcd goos and work-in-progss c) l:mrloyec hcnefi1s expense	(70) 2.522	571 2. IR3	(R62) 2.096	1.642 6.667	(703) 5.974	299 R.OOK
	d) Finance COSIS	974	I.D95	1.346	3.281	4.566	5.776
	e) Depreciation and amortiiation cxrcn�c	73R	Kl<•	XO)	2.2RJ	2.305	3.191
	f) Other cxpcmcs	2,139	2,225	2.394	6AOO	5.913	8.259
	Total exptn�I� (M+h+c+rl+e+f)	l2,R55	l2,6Hl	12,9.12	.l7,71S	.14,117	4H,0R4
3	Profit before In (1 - 2}	I S53	1143	I 382	3 807	2.594	3 727
4	Tsue1ptn.e
	u) Current lox	390	288	348	958	653	1.014
	h) llererred 1ax	( 14)	(6)	(120)	(39)	(332)	(112)
	Total tax nptm1c (a+b)	376	282	228	919	321	902
5	Proft for lb• Jriod (3 - 4)	1,177	861	1,154	2,888	2,273	2,825
6	Other C<Hnprchcnsivc incomc/(lo ) (OCI)
	i) Items 1h01 will not to be reclassified subsequently to statement ol r,rofit nnd lo!S a) Rcmc1,surcmc11t jain/(los�) on defined lx:nclit plans hiIncomelaxrelating tni1<msthatwill110bereclassified10		()5) 9	(41) 10	(31) 8	(411 10	44 (II)
	statemcm or pro tit and loss
	ii) lt!m- that will be r1"Clm.sif . "tl su�cquently 10 Statcuu:nt of profit and los' a) l·orciR11 c11rrcncv tluc111111ions muter n c:11h llow hc,IJl.i! - v1in h) Income tax relating to items lhnl will he reclassifed 10 slalcmcnt nl rrolit nncl loss Other con,prdlensive income/ {lo ) fr the prio, net of tax	4: 45	:7 31	119 (35) 73	11 ~~(~~0]	119 (35) **73 **	I �I 184
7	Total comprehnsive income for the prio (5+6)	1,222	892	1,227	2,878	l,H6	3,009
8	Paid-up equity share capital (face value of INR IOJ-each)	634	634	634	634	634	634
9	Reserve (Other rql1ity)						32,903
	Eorninp per eq•ity share	(not annualised)	(not tmnu:tliscd)	(not n11nu.1liscd)	(not an11u;:1liscd)	(ntll annualised)	(tmnualiscd)
	llusic 11nd Dilulcd (INR)	18,56	13.58	IR.20	45.55	35.85	44.56
	Sec occompnnymJ notes to lh\sc fnonc,ol results.

DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl973PLC002308 DYNAMATIC PARK, PEENYA, BANGALORE-560 058, INDIA

Statement of Unaudited Standalone Financial Results for the quarter and nine months ended 31 December 2021

	Statement ofUnaudited Standa	loneFinancial Results	for thequarter and	nine months ended	31December2021
					(INR	I I Al n «·1s,	except "s otlterw/se srattd)
SI. No.	P.artkulan	J months tnded JI Dtu·mhrr20ll (U111rndlttd)	Pr<"cedlng J months ended JO Soptcmbcr 2021 (Unaudited)	CorrHpondlng J months tnded In prnlow period JI Drcemher 2020 (Un•udlted)	Vt■r to datt fl,curH for the currtnt 1>trlod ended JI December 2021 (Unaudited)	Ytar to date flguns ror tht prevlou, ptrlod ended JI December 2020 (Un•udlted)		Prc,•lou1 ynr ended JIMarch2021 (Audited)
I	Segment revenue
	u) I lydraulics	8.035	8.015	6.160	22.562		13.886	20.884
	b) Aerospace	6.380	5.149	7,790	18.261		22.070	30.004
	c) Others		12	91	29		467	486
	Revenue from operations	14,415	13,176	14,041	40,852		36,423	51,374
2	Segment results I profit/ (loss) before finance costs, other Income
	and tax from each segment I
	o) Hydraulics	1.547	1.438	717	3.956		921	1.773
	b) Aerospace	1.791	883	2.300	4.386		7.316	9.321
	c) Others	(270)	(317)	(264)	(718)		(462)	(611)
	d) Unallocated	(534	(415	(2981	(1,276]		1903�	11,417)
	Total	2,534	1,589	2,455	6,348		6,872	9,066
	Unallocable
	. Fina,1ce Cost	(974)	(1.095)	(1.346)	(3.281)		(4.566)	(5.776)
	• Other income	17)	649	273	740		288	437
	Profit before tax	1,553	1,143	1,382	3,807		2,594	3,727
3	Segment Assers
	n) Hydraulics	15.215	13.677	12.876	15.215		12.876	12.554
	h) i\crospucc	37.990	36.918	41.647	37.990		41.647	40.241
	c) Others	559	601	6.124	559		6.124	514
	d) Unullocutcd	39.818	41.058	41.522	39.81 R		41.522	42.032
	Segment assets	93,582	92,254	1,02,169	93,582		1,02,169	95,341
	c) Assets clussilicd us held for sole (Reier Note 4)	5.562	5.562		5.562			5.562
	Total assets	99,144	97,816	1,02,169	99,144		1,02,169	1,00,903
4	Segment Liabilities
	u) Hydraulics	9.169	8,215	8.411	9,169		8.41 I	7.249
	b) /\crospucc	5.777	6,612	8.547	5.777		R.547	6,385
	c) Others	650	679	570	650		570	548
	d) Unullocutcd	47.133	47.117	51.735	47.133		51.735	53.184
	Total Se•ment Liabilities	62 729	62 623	69 263	62 729		69 263	67 366

Sec uccompanym.JZ, notes to the finuncinl results.

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DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308 DYNAMATIC PARK, PEENYA, BANGALORE-560 058, INDIA

Statement of Unaudited Standalone Financial Results for the quarter and nine months ended 31 December 2021

Notes:

• The above standalone financial results for the quarter and nine months ended 31 December 2021 as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 8 February 2022. The statutory auditors of the Company have carried out the limited review of the unaudited standalone financial results for the quarter and nine months ended 31 December 2021 and have issued an unmodified conclusion.

• 2 The global pandemic COVID-19, has impacted economies across the globe and the disruption has resulted in economic slowdown worldwide. The Company has evaluated impact of COVID 19 in assessing the recoverability of assets, more particularly carrying value of property, plant and equipment and investments. Such assessment consider internal and external information, including current indicators of future economic conditions. The Company continues to focus on maintaining liquidity and expects a gradual recovery of demand and supply in future months. The ultimate eventual impact of the pandemic on the results may differ from that estimated as at the date of the approval of these results. The Company will continue to closely monitor any material changes to future economic conditions and assess its impact on operations.

• 3 The Code on Wages, 2019 and Code on Social Security, 2020 ("the Codes") relating to employee compensation and post­ employment benefits that received Presidential assent have not been notified. Further, the related rules for quantifying the financial impact have not been notified. The Company will assess the impact of the Codes when the rules are notified and will record any related impact in the period the Codes becomes effective.

• 4 During the year ended 3 I March 2018, the Board of Directors of the Company had approved the divestment of 'Automotive and Aluminium Castings' ('discontinued business'). Subsequently, the Company had obtained the Shareholders' approval (a substantive approval) vide postal ballot dated 15 May 2018. The discontinued businesses included the Aluminium business and the Windfarm business. In January 2019, the Company had disposed off the Aluminium business. The management is actively pursuing its plan for disposal of the Windfarm land and is in advanced stage of discussions with the Government as a part of proposed Southern Defence Industrial Corridor. The same has been presented as "Assets classified as held for sale" in these results.

• 5 On 11 February 2020, the Board of Directors JKM Ferrotech Ltd ( 'JFTL' ), a subsidiary of the Company, had approved a scheme of capital reduction, subject to regulatory approvals. The said scheme has been approved by the NCL T in April 2021.

• 6 Previous periods figures have been regrouped/ reclassified wherever necessary, to conform to current period's classification in order to comply with the requirements of the amended Schedule III to the Companies Act, 2013 effective I April 2021.

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for and on behalf of Board of Directors of
Dynamatlc Technologies qmltcd
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Udayant Malhou a'>
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CEO and Managin �f�£!P�•'I' /
Date: 8 February 2022
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Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru – 560 001 Karnataka, India

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Tel: +91 80 6188 6000 Fax: +91 80 6188 6011

INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF DYNAMATIC TECHNOLOGIES LIMITED

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of DYNAMATIC TECHNOLOGIES LIMITED (“the Parent”) and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”), for the quarter and nine months ended December 31, 2021 (“the Statement”) 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 the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement 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 (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent’s personnel 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 specified under Section 143(10) of the Companies Act, 2013 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.

1. The Statement includes the results of the following entities:

2. JKM Research Farm Limited, India

3. JKM Global Pte. Limited, Singapore

4. Dynamatic Limited UK

5. Dynamatic LLC, US

6. Yew Tree Investments Limited UK

7. JKM Erla Automotive Limited, India

8. JKM Ferrotech Limited, India

9. JKM Erla Holdings GmbH Germany

10. Eisenwerk Erla GmbH Germany

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• JKM Automotive Limited, India

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1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, 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.

2. We did not review the financial results of five subsidiaries included in the consolidated unaudited financial results, whose financial results reflect total revenues of Rs. 16,393 lakhs and 52,975 lakhs for the quarter and nine months ended December 31, 2021 respectively, total net loss after tax of Rs. 403 lakhs and Rs. 649 lakhs for the quarter and nine months ended December 31, 2021 respectively and total comprehensive loss of Rs. 403 lakhs and Rs. 649 lakhs for the quarter and nine months ended December 31, 2021 respectively, as considered in the Statement. The financial results have been reviewed by the other auditors whose reports have been furnished to us, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the report of other auditors and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of these matters.

1. The consolidated unaudited financial results includes the financial results of three subsidiaries which have not been reviewed by their auditors, whose financial results reflect total revenue of Rs. 50 lakhs and Rs. 152 lakhs for the quarter and nine months ended December 31, 2021 respectively, total profit after tax of Rs. 35 lakhs and Rs. 94 lakhs for the quarter and nine months ended December 31, 2021 respectively and total comprehensive income of Rs. 35 lakhs and Rs. 94 lakhs for the quarter and nine months ended December 31, 2021 respectively, as considered in the Statement. According to the information and explanations given to us by the Management, these financial results are not material to the Group.

Our conclusion on the Statement is not modified in respect of our reliance on the financial results certified by the Management.

For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm’s Registration No. 117366W/W-100018)

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Bengaluru, February 8, 2022 SPK/LS/2022

Sathya P. Koushik Partner Membership No. 206920 UDIN: 22206920AAVPWD8965

DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl973PLC002308 DYNAMATIC PARK. PEENY A. IJENGALIJRIJ-560 058, INDIA

Stalcmcnl of Unoudiled Consolldaled Financial results for lhe quarter and nine months ended 31 December 2021

SI. No. I 2 3 4 5 6 7 8 10 II 12 13 Particulars Continuing operotions Income a) Revenue from operations b) Other income Total income (a+b) Expensu a) Cost of materials and components consumed b) Change in inventory of finished goods end work-in-progress c) Employee benefits expense d) Finance costs e) l)epreciation and amonisation expense f)_Other_expenses Total expenses (a+b+c+d+e+f) Proft/ (loss) fom continuing operations befre tu (I • 2) Tu expense/ (credit) u) Cum:nl IBX b) Deferred lux Tora! tu expnse/ (credit)(a+b) Proft/ (loss) after lax fom continuing operations (3 • 4) Discontinued operations (Refer Note 4) Loss from discontinued operations Loss afer tax from discontinued operations Proft/ (loss) fr the period (5+7) Other comprehensive income/(loss) (OCI) i) Items that will not be reclassified subsequently 10 s1a1emen1 of profit and loss a) Remeasurement gain./(loss) on defined benefit plans h) Income tux rcloting to items that will not he rcclussilicd to statement of protit and loss ii) Items that will he reclassified subsequently to Statement of profit and loss a) Forign currency fluctuations under a cash flow hedge • gain b) Exchange diflCrcnccs in tronsloting financial statements of foreign operations e) Income tax relating to items that will be reclassified to slutcmcnt of profit ond loss Other comprehensive income/ (loss) for the period, net of tax Total comprehensive Income/ (loss) for the period (8+10) Paid-up equity share capital (fnce value of INR IOI• each) Reserves (Other equity) Earnings per equity share Earings/ (loss) per share (for continuing operations) Basic and diluted (lNR) Loss per equity ,hare (fr discontinued operations) Basic and diluted (INR) Earnings/ (loss) per equity share (fr continuing and discontinued operations) Busic und diluted (INR)

Pr«tdlna Corrctpndlns J Yt•r to d•tc n1urt1 J monlht tndtd monllu rndtd In rr lht currtnl 1>rlod 3 months rndtd JI Otccmbr 2021 JO S1,ttmbr 1021 Pr<\'IOUJ priod ended JI Dtccmbu (Unaudhtd) JI Otttmbr 2020 2021 (Unaudfltd) tUnaudlttd' ,unaudited) 30.770 30.435 31.001 93.246 34 155 301 326 30,804 30,590 31,302 93,572 14.552 15.01 I 15.821 45.673 696 80 441 944 6.492 6.216 5.706 18.915 1.324 1.392 1.647 4.210 1.967 1.955 1.875 5.730 4.730 5.325 5.259 15.614 29,761 29,979 30,749 91,086 1,043 611 553 2,486 278 323 277 896 (37) (33) (172) (114) 241 290 105 782 802 321 448 1,704 ( 1.330) (334) (1.659) (1,330) (334) (1,659) 802 (1,009) 114 45 (35) (41) (3 I) 9 10 8 45 57 139 13 (68) (368) 1.049 112 (35) (23) (337) 1,122 102 779 (1,346) 1,236 147 634 634 634 634 . (nor unnuuliscd) (not annualised) (not unnuuliscd) (not unnuuliscd) 12.65 5.06 7.07 26.88 (20.98) (5.27) (26.17) 12.65 (15.92) 1.80 0.71 .. Yur 10 date naurcs Prt\·lou, yur for lht prtvlou tndtd prlod endtd JI lltccmbtr 2020 JI Marth 2021 (Un1udlttd** (Audltt"d) 76.487 I.I 1.820 357 607 76,844 1,12,427 36.100 54.157 745 854 16.089 22.147 5.336 6.999 5.523 7.754 13.582 19.761 77,375 l,l l ,672 (53ll 755 108 693 (422) (136) (314) 557 (217) 198 (1.194) (2.385) (1,194) (2,385) (1,411) (2,187) (41) 44 10 (II) 139 151 2.056 1.873 (35) 2,129 2,057 718 (130) 634 634 . 36.242 (not unnuuliscd)** (annualised) (3.43) 3.12 (i 8.83) (37.62) (22.26) (34.50)

Sec occomponymg notes to these linunciul results.

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DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl97JPLC002308

DYNAMATIC PARK, PEENY A, BENGALURU-560 058, INDIA

Statement or Unaudited Consolidated Financial results ror the quarter and nine months ended JI December 2021

						.,
SL No.	Parlkul■rs	J mon1h1 endtd JI O«tmbr 2021 (Un■udlltd)	Prcccdln1 J monlhs Hdtd JO Spttmbtr 2021 (UnaudUtd)	Corrtspndln& 3 monlhs tndtd In prtvlous �rlod JI Dtttmbr 2020 (Unaudlltd)	Yur lo d11c Oaurtt for lht current priod HdLtl 31 Occrmbr lOll (Un■udlttd)	Vt1r to d1te n1urc1 ror lht previous period end� JI D«tmbtr 2020 (Unudlttd)	Prtvlous yur tndtd JI March 2021 (Audllrd)
1	Segment revenue
	•) l lydruulics	10.782	10.869	8.336	30.965	20.025	29.763
	b) Aerospace	9.561	7.789	9.085	26,077	26.521	37,395
	c) Au1omolive and Me1allurgy	10,222	11.766	13.255	35.971	29.474	44.187
	d) Others	205	II	325	233	467	475
	Revenue from operations (contlnuln1 operations)	30,770	30,435	31,001	93,246	76,487	1,11,820
	c) from discontinued operations� (Refer note 4)		168	3,057	2,01 I	5.456	9,235
	Total revenue fom operations (continuing and discontinued operations)	30,770	30,603	34,058	95,257	81,943	1,21,055
2	Segment results !proft/ (loss) befre fnance costs, other Income andtax fom each segment I
	a) l lydruulics	1.545	1.533	616	4.092	733	1.855
	b) Aerospace	1.884	1.024	1,656	4.117	5.683	7.813
	c) Automotive und Metallurgy	(315)	162	165	338	(620)	(20)
	d) O1hers	(246)	(458)	(241)	(901)	(447)	( 1.125)
	e) Unallocated	(535)	(413)	(297)	(1.276)	(901)	(1.376)
	Total (continuing operations)	2,333	1,848	1,899	6,370	4,448	7,147
	f) f'rom discontinued opcralions - (Reier note 4)		(1.330)	(334)	(1.659)	(1.194)	(2,385)
	Total (continuing and discontinued operations)	2,333	518	1,565	4,711	3,254	4,762
	Unalloeable
	.Pinuncc costs	( 1.324)	(1.392)	(1.647)	(4.210)	(5,336)	(6.999)
	• Other income	34	155	301	326	357	607
	Proft/ (loss) berore tax (continuing and discontinued operations)	1,043	(719)	219	827	(1,725)	(1,630)
J	Segment assets
	a) Hydraulics	33.740	32.465	25.850	33.740	25.850	30.089
	b) Aerospace	58,969	55.598	57.320	58,969	57,320	57.433
	c) Automotive nnd Metallurgy	26.301	28,650	39,379	26.301	39.379	29.528
	d) Olhers	3.784	3.210	8,916	3,784	8.916	3.112
	e) Unalloca1cd	5.813	8,864	6.229	5.813	6.229	8.679
	Segment assets related to conlinulng operations	1,28,607	1,28,787	1,37,694	1,28,607	1,37,694	1,28,841
	f) AsselS relaling to discon1inued operations held for sale (Refer Note 4)		446				8.475
	g) O1hcr assets classified us held for sale (Reier Nole 5)	5.562	5,562		5.562		5.562
	Total assets (<ontlnulng and discontinued operations)	1,34,169	1,34,795	1,37,694	1,34,169	1,37,694	1,42,878
4	Segment liabilities
	a) I lydraulics	I 8.159	17.465	12.336	18,159	12.336	15.375
	b) /crospucc	15.453	15.089	14.531	15.453	14.531	13.789
	c) Aulomolive and Metallurgy	7.810	8,231	12.663	7.810	12.663	15.697
	d) Others	732	524	1.391	732	1.391	420
	e) Unnllocatcd	54,995	57,242	59.021	54,995	59.021	60.567
	Segment liabilities related to continuing operations	97,149	98,551	99,942	97,149	99,942	1,05,848
	I) l.iabililics dircc1ly associu1cd with Asscls cl•ssiticd us held for sale (Refer Notc 4)				.		154
	Total llabllltles (rontlnulng and diS<ontlnued operations)	97,149	98,551	99,942	97,149	99,942	1,06,002

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308 DYNAMATIC PARK, PEENYA, BANGALORE-560 058, INDIA

Statement of Unaudited Consolidated Financial results for the quarter and nine months ended 31 December 2021

Notes:

The above consolidated financial results for the quarter and nine months ended 31 December 2021 as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 8 February 2022. The statutory auditors of the company have carried out the limited review of the unaudited consolidated financial results for the quarter and nine months ended 31 December 2021 and have issued an unmodified conclusion.

2 Information on standalone financial results

				(INR.I kh ma h s, except as ot	d) erw1se state
Particulars	3 months ended 31 Decembr 2021 (Unaudited)	Preceding 3 months ended 30 Septembr 2021 (Unaudited)	Corresponding 3 months ended in previous period 31 December 2020 (Unaudited)	Year to date Year_to_date fgures fgures for the fr the previous period current priod ended 31 December ended 31 Decembr 2021 2020 (Unaudited) (Unaudited)	Previous year ended 31 March 2021 (Audited)
a. Revenue b. Proft befre tax c. Proft afer tax	14,415 1,553 1,177	13,176 1,143 861	14,041 1,382 1,154	40,852 36,423 3,807 2,594 2,888 2,273	51,374 3,727 2,825

3 The global pandemic COVID-19, has impacted economies across the globe and the disruption has resulted in economic slowdown worldwide. The Group has evaluated impact ofCOVID 19 in assessing the recoverability of assets, more particularly carrying value of property, plant and equipment and investments. Such assessment consider internal and external information, including current indicators of future economic conditions. The Group continues to focus on maintaining liquidity and expects a gradual recovery of demand and supply in future months. The ultimate eventual impact of the pandemic on the results may differ from that estimated as at the date of the approval of these results. The Group will continue to closely monitor any material changes to future economic conditions and assess its impact on operations.

4 The Board of Directors of JKM Ferrotech Limited ('JFTL'), a wholly subsidiary of the Company, vide its meeting dated I February 2021 had approved the term sheet and plan for sale of its foundry business, situated at SIPCOT Industrial Complex, Gumidipoondi, Thiruvallur, Tamil Nadu to Danblock Brakes India Private Limited (DBIPL). Subsequently JFTL and DBIPL executed an Assets Purchase Agreement on 7 April 2021, which were subject to certain customary closing conditions. All closing conditions have been met and the Company has received a net consideration of INR 7,041 lakhs on 22 July 2021.

Pursuant to the consummation of the aforesaid transaction, the management has carried out a detailed review of the residual assets and liabilities of the discontinued business and has during the quarter ended 30 September 2021, accrued for certain provisions, transactional costs and exchange fluctuation losses on restatement of off-shore trade advance payable to one of the subsidiaries.

The results of the aforesaid discontinued operations (of the foundry business of JFTL, which represents the Indian operations of the "Automotive and Metallurgy" segment) are as under:

				ma (INR.I	kh th s, excep1 as o	erw1se s a e t t d)
Particulars	3 months ended 31 December 2021 (Unaudited)	Preceding 3 months ended 30 September 2021 (Unaudited)	Corresponding 3 months ended In previous period 31 December 2020 (Unaudited)	Year to date Year to date fgures fgures fr the fr the previous current period period ended 31 ended 31 December 2021 December 2020 (Unaudited) (Unaudited)		Previous year ended 31 March 2021 (Audited)
Revenue	-	168	3,057	2,011	5,456	9,235
Expenses Loss befre tax	- -	1,498 (1,330)	3,391 (334)	3,670 (1,659)	6,650 (1,194)	11,620 (2,385)

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308 DYNAMA TIC PARK, PEENY A, BANGALORE-560 058, INDIA

Statement of Unaudited Consolidated Financial results for the quarter and nine months ended 31 December 2021

Notes:

• 5 During the year ended 31 March 2018, the Board of Directors of the Company had approved the divestment of 'Automotive and Aluminium Castings' ('discontinued business'). Subsequently, the Company had obtained the Shareholders' approval (a substantive approval) vide postal ballot dated 15 May 2018. The discontinued businesses included the Aluminium business and the Windfarm business. In January 2019, the Company had disposed off the Aluminium business. The management is actively pursuing its plan for disposal of the Wind farm land and is in advanced stage of discussions with the Government as a part of proposed Southern Defence Industrial Corridor. The same has been presented as "Assets classified as held for sale" in these results.

• 6 On 11 February 2020, the Board of Directors JKM Ferrotech Ltd ( 'JFTL' ), a subsidiary of the Company, had approved a scheme of capital reduction, subject to regulatory approvals. The said scheme has been approved by the NCL T in April 2021.

• 7 The Code on Wages, 2019 and Code on Social Security, 2020 ("the Codes") relating to employee compensation and post­ employment benefits that received Presidential assent have not been notified. Further, the related rules for quantifying the financial impact have not been notified. The Group will assess the impact of the Codes when the rules are notified and will record any related impact in the period the Codes becomes effective.

• 8 Previous periods figures have been regrouped/ reclassified wherever necessary, to conform to current period's classification in order to comply with the requirements of the amended Schedule III to the Companies Act, 2013 effective 1 Apri I 2021.

for and on behalf of Board of Directors of Dynamatlc Technologies Limited

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Date: 8 February 2022