Dynamatic Technologies Ltd. — Interim / Quarterly Report 2024

Feb 13, 2024

DYNAMA TIC TECHNOLOGIES LIMITED

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13[th ] February 2024

To, The Secretary Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai 400001 Scrip Code: 505242

The Secretary

National Stock Exchange India Limited "Exchange Plaza", Bandra-Kurla Complex, Sandra East, Mumbai 400051 Symbol: DYNAMATECH

Dear Sir/ Madam,

Sub: Outcome of Board Meeting held on 13[th ] February 2024.

Further to our letter dated 5[th ] February 2024, we write to inform you that the significant matters arising out of the Board Meeting held today i.e., Tuesday 13[th ] February 2024 are appended as under:

1. The Board has considered and approved the Standalone and Consolidated Unaudited Financial Results for the quarter and nine months ended 31[st ] December 2023, along with limited review report by Statutory Auditors of the Company, copy of the un-audited financial results along with limited review has been enclosed.

2. The board has declared interim dividend of Rs. 5/- per equity share of Rs.10/- (Rupees Ten Only) each for the financial year 2023-24. The 'Record date' fixed for the purpose of determining the shareholders eligible for receiving interim dividend is 23[rd ] February 2024. The interim dividend shall be paid to shareholders on or before 13[th ] March 2024.

3. The board has noted and approved the change in PIN code of Registered Office of the Company from 562110 to 562149. Subsequent to change in PIN code, the registered office address of the Company is "Dynamatic Technologies Limited, JKM Plaza, Dynamatic Aerotropolis, 55 KIADB Aerospace Park, Bangalore, Karnataka 562 149."

The meeting of the Board of Directors held today commenced at 15:00 hrs (1ST) and concluded at 18:30 hrs (1ST). The aforesaid information is also available on the website of the company at www.dynamatics.com.

We kindly request you to take this letter along with the enclosures on record.

Thank you. Yours faithfully, For DYNAMATIC TECHrOGIES LIMITED /;.[p ] [vv1 ][CL ] [M] Sni�:mv� Head - Legal, Compliance & Company Secretary

Registered Office Dynamatic Technologies Limited JKM Plaza Dynamatic Aerotropolis 55 KIADB Aerospace Park Bangalore 562 149 India Tel +91 80 2111 1223 +91 80 2204 0535

www.dynamatics.com

Corporate Identity Number: L72200KA 1973PLC002308

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 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, 2023 (“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. Dynamatic Manufacturing Limited, India

9. JKM Erla Holdings GmbH Germany

10. Eisenwerk Erla GmbH Germany

11. JKM Automotive Limited, India

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Page 1 of 2

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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. 22,971 lakhs and Rs. 67,127 lakhs for the quarter and nine months ended December 31, 2023 respectively, total net loss after tax of Rs. 92 lakhs and total net profit after tax of Rs. 4,863 lakhs for the quarter and nine months ended December 31, 2023 respectively and total comprehensive loss of Rs. 92 lakhs and total comprehensive income of Rs. 4,863 lakhs for the quarter and nine months ended December 31, 2023 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. 456 lakhs and Rs. 534 lakhs for the quarter and nine months ended December 31, 2023 respectively, total net profit after tax of Rs. 56 lakhs and Rs. 18 lakhs for the quarter and nine months ended December 31, 2023 respectively and total comprehensive income of Rs. 56 lakhs and Rs. 18 lakhs for the quarter and nine months ended December 31, 2023 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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Sathya P. Koushik Partner Membership No. 206920 UDIN: 24206920BKANXH8977

Bengaluru February 13, 2024 SPK/LS/2024

Page 2 of 2

DYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE- 562149, INDIA Statement of Consolidated Financial results for the quarter and nine months ended 31 December 2023

	(JNR in lakhs excevt as otherise stated)	(JNR in lakhs excevt as otherise stated)	(JNR in lakhs excevt as otherise stated)	(JNR in lakhs excevt as otherise stated)	(JNR in lakhs excevt as otherise stated)	(JNR in lakhs excevt as otherise stated)
SI. No. Particulars	3 months ended 31 December 2023 (Unaudited)	Preceding 3 months ended 30 September 2023 (Unaudited)	Corresponding 3 months ended in previous period 31 December 2022 (Unaudited)	Year to date figure fr the current period ended 31 December 2023 (Unaudited)	Yearto date figure for the previous period ended 31 December 2022 (Unaudited)	Previous year ended 31 March 2023 (Audited) 1,31,577 976
1 2 3 4 5 6 7 8 9 JO II Income a) Revenue from operations b) Other income (Refer Note 4 (i)) Total income (a+b) Expenses a) Cost of materials and coinponents consumed b) Change in inventory of finished goods and work-in-progress c) Employee benefits expense d) Finance costs e) Depreciation and amortisation expense t) Other expenses Total expenses (a+b+c+d+e+f) Proft before tax and exceptional items (1 - 2) Exceptional Gain/(Loss) - (Refer Note 4(ii)) Proft before tax (3 + 4) Tax expense/ (credit) a) Current tax b) Deferred tax Total tax expense (a+b) Proft after tax (5 - 6) Other comprehensive income/(loss) (OCI) i) Items that will not be reclassied subsequently to statement a/proft and loss a) Remeasurement gain/(loss) on defined beneft plans b) Income tax relating to items that will not be reclassified to statement of profit and loss ii) Items that will be reclassifed subsequently to Statement of proft and loss a) Foreign currency fluctuations under a cash flow hedge - gain/(loss) b) Exchange diferences in translating fnancial statements of foreign operations Other comprehensive income/ (loss) for the period, net of tax Total comprehensive income/ (loss) for the period (7+8) Paid-up equity share capital (face value of!R 10/- each) Reserves (Other equity) Earings per equity share Earings per share Basic and diluted (INR)	34,551 888	35,090 792	31,321 97	1,05,892 3,706	94,789 260
	35,439 16,931 (1,074) 7,717 1,637 1,724 6,908	35,882 15,954 441 7,452 1,576 1,594 7,356	31,418 15,705 (734) 6,355 1,896 1,680 5,800	1,09,598 49,526 103 22,612 4,503 4,908 21,995	95,049 48,008 (2,636) 19,155 5,026 5,388 17,082	1,32,553 65,957 (2,855) 25,342 6,538 7,042 25,007
	33,843	34,373	30,702	1,03,647	92,023	1,27,031 5,522 -
	1,596 -	1,509 -	716 -	5,951 1,763	3,026 -
	1,596	1,509	716	7,714	3,026	5,522
	289 183	373 (74)	458 (444)	894 350	1,104 (601)	1,667 (424)
	472	299	14	1,244	503	1,243
	1,124	1,210	702	6,470	2,523	4,279
	33 (8) 31 1,639	( I I) 2 (47) (917)	129 (32) (35) 2,512	- - 67 1,325	151 (38) (360) 452	( 15) 4 (324) 1,011
	1,695	(973)	2,574	1,392	205	676
	2,819	237	3,276	7,862	2,728	4,955
	679 -	679 -	634 -	679	634	679 53,518
	(not annualised)	(not annualised)	(not annualised)	(not annualised)	(not annualised)	(annualised)
	16.55	17.82	I 107	95.29	39.79	67.32

See accompanymg notes to the financtal results.

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DYNAMATIC TECHNOLOGIES LIMITED CfN: L 72200 KA 1973 PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE-562149, INDIA Statement of Consolidated Financial results for the quarter and nine months ended 31 December 2023

Annexure I : Statement of Consolidated segment wise revenue,	Annexure I : Statement of Consolidated segment wise revenue,	results, assets and liabilities for the quarter and nine months ended 31 December 2023 _( in lakhs, except as otherwise stated _	results, assets and liabilities for the quarter and nine months ended 31 December 2023 _( in lakhs, except as otherwise stated _	results, assets and liabilities for the quarter and nine months ended 31 December 2023 _( in lakhs, except as otherwise stated _	results, assets and liabilities for the quarter and nine months ended 31 December 2023 _( in lakhs, except as otherwise stated _	results, assets and liabilities for the quarter and nine months ended 31 December 2023 _( in lakhs, except as otherwise stated _	results, assets and liabilities for the quarter and nine months ended 31 December 2023 _( in lakhs, except as otherwise stated _
SI. No.Particulars		3 months ended 31 December 2023 (Unaudited)	Preceding 3 months ended 30 Scptem ber 2023 (Unaudited)	Corresponding 3 months ended in previous period 31 December 2022 (Unaudited)	Year to date figure for the current period ended 31 December 2023 (Unaudited)	Year to date figure for the previous period ended 31 December 2022 (Unaudited)	Previous year ended 3 I March 2023 (Audited)
I 2 3 4	Segment revenue a) Hydraulics b) Aerospace c) Metallurgy c) Others Revenue from operations Segment results !proft/ (loss) before fnance costs, other income and tax from each segment] a) Hydraulics b) Aerospace c) Metallurgy d) Others e) Unallocated Total Unallocable - Finance costs - Other income - Exceptional income Proft before tax Segment assets a) Hydraulics b) Aerospace c) Metallurgy d) Others e) Unallocated Segment assets f) Assets classifed as held for sale (Refer Note 3) Total assets Segment liabilities a) Hydraulics b) Aerospace c) Metallurgy d) Others e) Unallocated	10,835 13,458 10,255 3	10,180 12,902 12,004 4	11,139 11,208 8,964 10	32,586 36,816 36,483 7	34,298 31,801 28,677 13	46,166 43,737 41,661 13
		34,551 598 2,814 (228) (189) (650)	35,090 264 2,332 465 (122) (646)	31,321 1,839 2,088 (469) (312) (631)	1,05,892 94,789 1,31,577 2,155 5,657 7,502 5,879 5,706 7,905 1,209 (753) (42) (482) (572) (1,336) (2,013) (2,246' (2,945)
		2,345 (1,637) 888 -	2,293 (1,576) 792 -	2,515 (1,896) 97 -	6,748 7,792 11,084 (4,503) (5,026) (6,538) 3,706 260 976 1,763 - -
		1,596 43,844 73,871 28,526 3,144 6,592	1,509 40,303 68,231 26,990 3,076 8,828	716 39,172 65,695 29,793 4,941 5,685	7,714 3,026 5,522 43,844 39,172 41,510 73,871 65,695 66,775 28,526 29,793 29,959 3,144 4,941 5,520 6,592 5,685 17,554
		l,55,977 5,562	1,47,428 5,562	1,45,286 5,562	1,55,977 1,45,286 1,61,318 5,562 5,562 5,562
		1,61,539	1,52,990	1,50,848	1,61,539 **1,50,848 **		1,66,880
		23,880 14,242 4,963 750 56,121	22,899 11,772 5,179 740 53,635	21,356 14,368 9,872 2,036 62,537	23,880 21,356 14,242 14,368 4,963 9,872 750 2,036 56,121 62,537		22,553 11,844 11,857 2,588 63,841
	Segment liabilities	99,956	94,225	1,10,169	99,956 1,10,169		1,12,683

See accompanying notes to the financial results.

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308

JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA Statement of Consolidated Financial results for the quarter and nine months ended 31 December 2023

Notes:

The above consolidated financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 13 February 2024. The results for the quarter and nine months ended 31 December 2023. has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review for the quarter and nine months ended 31 December 2023.

• 2 Information on standalone financial results:

The above consolidated financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 13 February 2024. The results fr the quarter and nine months ended 31 December 2023. has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review for the quarter and nine months ended 31 December 2023. Infrmation on standalone financial results:	The above consolidated financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 13 February 2024. The results fr the quarter and nine months ended 31 December 2023. has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review for the quarter and nine months ended 31 December 2023. Infrmation on standalone financial results:	The above consolidated financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 13 February 2024. The results fr the quarter and nine months ended 31 December 2023. has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review for the quarter and nine months ended 31 December 2023. Infrmation on standalone financial results:	The above consolidated financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 13 February 2024. The results fr the quarter and nine months ended 31 December 2023. has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review for the quarter and nine months ended 31 December 2023. Infrmation on standalone financial results:	The above consolidated financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 13 February 2024. The results fr the quarter and nine months ended 31 December 2023. has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review for the quarter and nine months ended 31 December 2023. Infrmation on standalone financial results:	The above consolidated financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 13 February 2024. The results fr the quarter and nine months ended 31 December 2023. has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review for the quarter and nine months ended 31 December 2023. Infrmation on standalone financial results:
(INR i11 lakhs, except as otherwise stated)
Pa rticu l:1 rs	3 months ended 31 December 2023 (Unaudited)	Preceding 3 months ended 30September 2023 (Un:rditcd)	Corrcs1>0nding 3 months ended in 11rcvious period 31 December 2022 (Unaudited)	Year to date Year to date ligtirc for the fgure for the current 11criod previous period ended ended 31December 31 December 2023 (Unaudited) 2022(Unaudited)	Previous year ended 31 March 2023 (Audited)
a. Revenue	14,969	15,820	14,160	43,635 43,107	58,112
b.Profit before tax	1,930	1,249	859	3,998 2,467	4,382
c. Proft afer tax 1,422		1,035	673	3,070 1,878	2,915

3 On 6 January 2024, the Company has completed the sale of wind farm lands admeasuring 357.867 acres including building, situated at Varapatti Village, Sulur Taluk, Coimbatore, in favour of Tamil Nadu Industrial Development Corporation Limited (TIDCO), for the setting up of the Southern Defence Industrial Corridor for a compensation amount of Rs. 10,710.81 Lakhs. The aforesaid transaction being an event subsequent to 31 December 2023 shall be given effect to during the quarter ending 31 March 2024.

Additionally, the company has retained land measuring appx. 87 acres having greater strategic value for future development.

• 4 As communicated earlier, as part of the group's strategy, the company's wholly owned step-down subsidiary, Eisenwerk Erl a GmbH, Germany (EEG), is currently undergoing a transformation from automotive and foundry businesses to the aerospace business. Considering the various challenges involved, viz., the supply chain crisis at OEMs, current inflation in Europe, and the steep and unpredictable increase in the cost of gas and electricity being faced by corporations across Europe, EEG undertook corporate restructuring measures through the "Protective Shield Process by Selt:Administration" under the applicable German Laws, and in this regard, a financial resolution plan was filed before the local court at Chemnitz, which got approved by creditors in favour of EEG. Consequent to this, the local court at Chemnitz passed its final order and ended the protective shield through self-administration proceedings effective I st August 2023, and related credit balances and net gains were adjusted as follows:

(4(i)) Rs. 2,544 Lakhs has been recognized in other income in half year ended 30 September 2023 including Rs.1,699 Lakhs during the quarter ended 30 .June 2023;

(4(ii)) Rs. 1,763 Iakhs in exceptional items during the half year ended 30 September 2023 including Rs. 1,763 lakhs during the quarter ended 30 June 2023.

Owing to the aforesaid corporate restructuring measures, JKM Erla Holdings GmbH, Germany (JKM Erla), a 100% WOS of JKM Erla Automotive Limited, India (.!EAL), engaged in the business of setting up automotive component processing/manufacturing units and which in turn held I 00% share holdings in EEG, was decided to be dismantled with the aim of streamlining the group holding structure in Germany, and accordingly an application has been made before appropriate authorities and is awaiting necessary order. In the interim, the 100% shareholdings held by .IKM Erla in EEG was assigned to JEAL being the ultimate parent company in India and will not be having any impact on the consolidated financial results of the Group.

• 5 On 13 February 2024, the Board of Directors of the Company have declared an interim dividend of Rs.5 per equity share (50%) for the financial year 2023-24.

for and on behalfof'Board of Directors of Dynamatic Technologies Limited

� Udayant Malhoutra CEO and Managing Director Date: 13 February 2024 Place: Bangalore

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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 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, 2023 (“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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Sathya P. Koushik Partner Membership No. 206920 UDIN: 24206920BKANXG7775

Bengaluru February 13, 2024 SPK/LS/2024

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DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE-562149, INDIA

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE-562149, INDIA	JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE-562149, INDIA	JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE-562149, INDIA	JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE-562149, INDIA	JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE-562149, INDIA	JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE-562149, INDIA
Statement of Standalone Financial Results for the quarter and nine months ended31December2023 (INRhrlakfs, ecept as otherwise stated)
SI. No. Pnrticulars	3 months ended 31 December 2023 (Unaudited)	Corresponding 3 Preceding months ended in 3 months ended p rcvious period 30 Septcm ber 31 December 2023 2022 (Unaudited) (Unaudited)	Ycnr to date fgure fr the cu rrcn t period ended 31 December 2023 (Unaudited)	Year to dntc figure for the previous period ended 31 December 2022 (Unaudited)	Previous year ended 31 March 2023 (Audited)
I 2 3 4 5 6 7 8 9 Income a) Revenue fom operations b) Other income Total income (a+b) Expenses a) Cost of raw materials and components consumed b) Changes in inventories of finished goods and work-in-progress c) Employee benefts expense d) Finance costs e) Depreciation and amortisation expense t) Other expenses Total expenses (a+b+c+d+e+f Proft before tax (1 - 2) Tax ex1>ense a) Current tax b) Deferred tax Total tax expense (a+b) Proft for the period (3 - 4) Other comprehensive income/(loss) (OCJ) i) Iems that will not to be reclassified subsequently to statement of proft and loss a) Remeasurement gain/(loss) on defined beneft plans b) Income tax relating to items that will not be reclassified to statement of proft and loss ii) Items that will be reclassifed subsequently to Statement of profit and loss a) Foreign currency fluctuations under a cash fow hedge - gain/(loss) Other comprehensive income/ (loss) fr the period, net of tax Total comprehensive income for the period (5+6) Paid-up equity share capital (fce value of INR l 0/- each) Reserves (Other equity) E:1rings per equity share Basic and Diluted(INR)	14,969 872	15,820 14,160 121 61	43,635 1,276	43,107 152	58,112 536
	15,841 7,684 (480) 2,197 1,329 614 2,567	15,941 14,221 7,920 6,526 55 (6 I) 2,082 2,444 1,281 1,552 554 522 2,800 2,379	44,911 21,392 105 6,181 3,601 1,660 7,974	43,259 20,478 (377) 7,141 4,062 1,934 7,554	58,648 27,207 (189) 9,218 5,158 2,419 10,453
	13,911	14,692 13,362	40,913	40,792	54,266
	1,930	1,249 859	3,998	2,467	4,382
	478 30	228 236 (14) (50)	976 (48)	720 (I 31)	1,582 (115)
	508	214 186	928	589	1,467
	1,422 15 (3) 31	1,035 673 (11) 129 2 (32) (47) (35)	3,070 (18) 5 67	1,878 151 (38) (360)	2,915 (15) 4 (324)
	43	(56) 62	54	(247)	(335)
	1,465	979 735	3,124	1,631	2,580
	679 -	679 634 - -	679 -	634 -	679 50,304
	(not annualised	(not annualised)(not annualised)	(not mmualised)	(not annualised)	(annualised)
	20.94	15.24 10.62	45.21	29.62	45.86

See accompanying notes to these financial results.

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DYNAMATIC TECHNOLOGIES LIMITED

CIN: L72200KAl973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2023

DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2023	DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2023	DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2023	DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2023	DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2023	DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2023	DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2023
Annexure I: Statement of Standalone segment wise revenue, results, assets and liabilities fr the quarter and nine months ended 31 December 2023 _(INR_i11lakhs, ecept as otherise stated
SI. No. I 2 3 4 Particulars Segment· revenue a) Hydraulics b) Aerospace c) Others Revenue from operations Segment results (profit/ (loss) befre fnance costs, other income and tax from each segment( a) Hydrau lies b) Aerospace c) Others d) Unallocated Total Unallocable - Finance Cost - Other income Proft befre tax Segment Assets a) Hydraulics b) Aerospace c) Others d) Unallocated Segment assets e) Assets classified as held fr sale (Refer Note 2) TotaIassets Segment Liabilities a) Hydraulics b) Aerospace c) Others d) Unallocated Total Segment Li:1bilities	3 months ended 31 December 2023 (Unaudited) 6,941 8,025 3	Corresponding Preceding 3 months ended 3 months ended in previous 30 Seplem her period 2023 31 December (Unaudited) 2022 (Unaudited) 7,860 7,640 7,956 6,519 4 1		Year lo dale fgure fr the current period ended 31 December 2023 (Unaudited) 22,724 20,904 7	Year_to_dale figure for the previous period ended 31 December 2022 (Unaudited) 25,574 17,529 4	Previous year ended 31 March 2023 (Audited) 33,544 24,558 10
	14,969 783 2,456 (202) (650)	15,820 1,162 2,041 ( 148) (646)	14,160 1,507 1,627 (153) (631)	43,635 3,425 5,424 (5 I 3) (2,013)	43,107 5,185 3,826 (388) (2,246)	58,112 6,738 5,743 (541) (2,936)
	2,387 (I ,329) 872 1,930 19,772 48,337 584 46,980	2,409 (1,281) 121 1,249 19,191 45,922 637 46,771	2,350 (1,552) 61 859 17,133 42,464 586 39,466	6,323 (3,601) 1,276 3,998 19,772 48,337 584 46,980	6,377 (4,062) 152 2,467 17,133 42,464 586 39,466	9,004 (5,158) 536 4,382 17,274 45,046 628 48,495
	1,15,673 5,562	1,12,521 5,562	99,649 5,562	1,15,673 5,562	99,649 5,562	1,11,443 5,562
	1,21,235	1,18,083	1,05,211	1,21,235	1,05,21 I	1,17,005
	11,631 4,622 730 50,622	11,064 3,742 700 50,410	10,104 4,964 727 50,673	11,631 4,622 730 50,622	10,104 4,964 727 50 673	10,263 4,555 712 50,492
	67,605	65,916	66,468	67,605	66,468	66,022

See accompanying notes to the financial results.

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DYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308 JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA

Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2023

Notes:

• 1 The above standalone financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on I 3 February 2024. The results for the quarter and nine months ended 31 December 2023 has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review for the for the quarter and nine months ended 3 I December 2023.

• 2 On 6 January 2024, the Company has completed the sale of wind farm lands admeasuring 357.867 acres including building, situated at Varapatti Village, Sulur Taluk, Coimbatore, in favour of Tamil Nadu Industrial Development Corporation Limited (TIDCO), for the setting up of the Southern Defence Industrial C.orridor for a compensation amount of Rs. I 0,710.81 Lakhs. The aforesaid transaction being an event subsequent to 3 I December 2023 shall be given effect to during the quarter ending 3 I. March 2024.

Additionally, the company has retained land measuring appx. 87 acres having greater strategic value for future development.

• 3 As communicated earlier, as part of the group's strategy, the company's wholly owned step-down subsidiary, Eisenwerk Erla GmbH, Germany (EEG), is currently undergoing a transformation from automotive and foundry businesses to the aerospace business. Considering the various challenges involved, viz., the supply chain crisis at OEMs, current inflation in Europe, and the steep and unpredictable increase in the cost of gas and electricity being faced by corporations across Europe, EEG undertook corporate restructuring measures through the "Protective Shield Process by Self-Administration" under the applicable German Laws, and in this regard, a financial resolution plan was filed before the local comi at Chemnitz, which got approved by creditors in favour of EEG. Consequent to this, the local court at Chemnitz passed its final order and ended the protective shield through self-administration proceedings effective 01 August 2023.

Owing to the aforesaid corporate restructuring measures, JKM Erla Holdings GmbH, Germany (JKM Erla), a I 00% WOS of JKM Erla Automotive Limited, India (JEAL), engaged in the business of setting up automotive component processing/manufacturing units and which in turn held I 00% share holdings in EEG, was decided to be dismantled with the aim of streamlining the group holding structure in Germany, and accordingly an application has been made before appropriate authorities and is awaiting necessary order. In the interim, the 100% shareholdings held by JKM Erla in EEG was assigned to JEAL being the ultimate parent company in India and will not be having any impact on the consolidated financial results of the Group.

• 4 On 13 February 2024, the Board of Directors of the Company have declared an interim dividend ofRs.5 per equity share (50%) for the financial year 2023-24.

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

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CEO and Managing Director

Date: 13 February 2024 Place: Bangalore

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