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Dynamatic Technologies Ltd. Interim / Quarterly Report 2026
60708_rns_2025-11-10_21d88fae-0a35-4a68-89dd-ab0d4a7c7e2f.pdf
Interim / Quarterly Report
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1 o th November 2025
Corporate Relations Department, Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip Code: 505242
Listing Department, National Stock Exchange of India Limited "Exchange Plaza", Bandra-Kurla Complex, Sandra East, Mumbai 400 051. Scrip Code: DYNAMATECH
Sub: Board Meeting Outcome
Dear Sir/Madam,
This is further to our letter dated 2 nd November 2025, we write to inform you that the Board of Directors of the Company, at its meeting held on today, i.e., 10th November 2025, inter alia, considered and unanimously approved:
-
- The Standalone and Consolidated Unaudited Financial Results for the quarter and halfyear ended 30th September 2025, along with limited review report by Statutory Auditors of the Company, copy of the un-audited financial results along with limited review report are enclosed as Annexure I.
-
- The incorporation of a Wholly Owned Subsidiary in the name and style of "Dynauton Limited" or any other appropriate name, as may be approved by the Ministry of Corporate Affairs.
The detailed disclosure, as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024, and other applicable circulars, are enclosed as Annexure II.
The meeting of the Board of Directors held today commenced at 15:30 1ST and concluded at 20:00 1ST. The aforesaid information is also available on the website of the Company, www.dynamatics.com.
We kindly request you to take this letter along with the enclosures on record.
Thanking you,
Yours faithfully, For Dynamatic Technologies 0Loc;-�
• p �M v. m - d'\ E!J
Shivaram V Chief Legal Officer and Comp Membership No.: ACS 19173
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
Deloitte Haskins & Sells LLP
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
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF DYNAMATIC TECHNOLOGIES LIMITED
-
- We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of DYNAMATIC TECHNOLOGIES LIMITED ("the Company"), for the quarter and six months ended September 30, 2025 ("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 ("the Listing Regulations").
-
- 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 and in compliance with Regulation 33 of the Listing Regulations. 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 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.
-
- 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)
Sathya P. Koushik Partner Membership No. 206920 UDIN: 25206920BMJHMH9083
Place: Bengaluru Date: November 10, 2025
Regd Office :31st Floor, Tower 3, One International Center, Senapati Bapat Marg, Elphinstone Road (West), Mumbai – 400013
DYNAMATIC TECHNOLOGIES UMITED CIN: L72200KAl973PLC002308 JKJVI PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA Statement of Standalone Financial Results for the quarter and six months ended 30 September 2025
SI. No. I 2 3 4 5 6 7 8 9 (INR i11 /akfts, e¥cept as otftenvise stared) Corresponding 3 Yc:,r to d:He Year 10 d:\le 3 months ended Preced ing monlhs ended in figure for the figure for the Previous year P,1r1ic-ulars 30 September 3 months ended previous pe riod cu rrcnt period previous period ended 31 2025 JO June 2025 30 September ended 30 ended 30 March 2025 (U11:111di1ed) (Unaudiled) 2024 Se1Hembcr 2025 September 2024 (Audited) (Unaudited) (Unaudited) (Unaudited) Income a) Revenue from operations 18,255 17,760 16,688 36,015 3 1,51 7 63,9 18 b) Other income 778 981 991 1,759 1,207 1,66 1 Total income (a+b) 19,033 18,74 1 17,679 37,774 32,724 65,579 Expenses a) Cost of raw materials and components consumed 10,02 1 8,88 1 8,249 18,902 15,380 31,533 b) Changes in inventories of finished goods and work-in-progress (246) 708 237 462 252 278 c) Employee benefits expenses 2,484 2,590 2,514 5,074 4,72 1 I 0,346 d) Finance costs I, 135 1,14 1 1,079 2,276 2, 106 4,269 e) Depreciation and amortisation expenses 687 668 631 1,355 1,263 2,549 f) Other expenses 3,034 2,633 2,813 5,667 5,563 11, 173 Total expenses (a+b+c+d+e+f) 17, 11 5 16,62 1 15,523 33,736 29,285 60, 148 Profit before tax (1 - 2) 1,9 18 2,120 2,156 4,038 3,439 5,431 Tax cxpcnsc/(credit) a) Current tax 465 560 492 1,025 860 1,548 b) Deferred tax (22) 25 (435) 3 (448) ( I, I 83) Tota l tax expense (a+b) 443 585 57 1,028 412 365 Profit after tax (3-4) 1,475 1,535 2,099 3,010 3,027 5,066 Other comprehensive income/(loss) (OCI) 1) [/ems 1h01 will nor 10 be reclassified suhsequenrly 10 s1a1emenl of profit and loss a) Remeasurement gain/(loss) on defi ned benefit plans 87 (35) ( I 2 1) 52 (68) (362) b) Income tax relating to items that will not be (22) 9 30 ( 13) 17 9 1 reclassified to statement of profit and loss Other comprehensive income/(loss) for the period, net of tax 65 (26) (91) 39 (5 1) (271) Tota l comprehensive income for the 1>eriod (5+6) 1,540 1,509 2,008 3,049 2,976 4,795 Paid-up equity share capital (face value of fNR 10/- each) 679 679 679 679 679 679 Reserves (Other equity) - - 63,685 Earnings per equity share {not annualised) (no t annualised) (not annualised) (not annualised) (not annualised) (annualised) Basic and Diluted (INR) 2 1.72 22.61 30.9 1 44.33 44.58 74.6 1
See accompanymg notes to these financial results.
OYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KA l973PLC002308
JKM PLAZA, OYNAMATIC AEROTROPOLIS, 55, KIAOB AEROSPACE PARK, BANGALORE-562 149, !NOIA
Statement of Standalone Financial Results for the quarter ,rnd six months ended 30 SeptemlJer 2025 Annexu re I : Statement of siandalone segment wise r evenue, rcsu lls, assets and lialJilities for the quarter a nd six months ended 30 Septembe r 2025
| (INR in lakhs, except as otherwise stated) | |||||||
|---|---|---|---|---|---|---|---|
| SI. No. |
Particulars | 3 months ended 30 September 2025 (Unaudited) |
Preceding 3 months ended 30 June 2025 (Unaudited) |
Corresponding 3 months ended in previous period 30 September 2024 (Unaudited) |
Year to date figure for the current period ended 30 Sentember 2025 (Unaudited) |
Year to date figure for the previous period ended 30 September 2024 (Unaudited) |
Previous year ended 31 March 2025 (Audited) |
| $\mathbf{1}$ | Segment revenue | ||||||
| a) Hydraulics | 9,604 | 8.935 | 8,441 | 18,539 | 15,867 | 30,773 | |
| b) Aerospace | 8,647 | 8,824 | 8,241 | 17,471 | 15,639 | 32,838 | |
| c) Others | 4 | 6 | 5. | $\overline{11}$ | 307 | ||
| Revenue from operations | 18,255 | 17,760 | 16,688 | 36,015 | 31,517 | 63,918 | |
| $\overline{2}$ | Segment results [profit/ (lnss) before finance costs, other income and tax from each segment] |
||||||
| a) Hydraulics | 821 | 1,019 | 1,009 | 1,840 | 1,903 | 2,998 | |
| b) Aerospace | 2.186 | 2.103 | 2,079 | 4,289 | 4,273 | 8,673 | |
| c) Others | (64) | (149) | (236) | (213) | (452) | (311) | |
| d) Unallocated | (668) | (693) | (608) | (1,361) | (1,386) | (3, 321) | |
| Total | 2,275 | 2,280 | 2,244 | 4,555 | 4,338 | 8,039 | |
| Unallocable | |||||||
| - Finance Cost | (1,135) | (1, 141) | (1.079) | (2, 276) | (2,106) | (4, 269) | |
| - Other income | 778 | 981 | 991 | 1,759 | 1,207 | 1,661 | |
| Profit before tax | 1,918 | 2,120 | 2,156 | 4,038 | 3,439 | 5,431 | |
| -3 | Segment Assets | ||||||
| a) Hydraulics | 22,109 | 21,198 | 20,247 | 22,109 | 20,247 | 20,568 | |
| b) Aerospace | 53,371 | 53,523 | 44,243 | 53,371 | 44,243 | 50,277 | |
| c) Others | 3,780 | 3,294 | 1,877 | 3,780 | 1,877 | 2,945 | |
| d) Unallocated | 52,870 | 52,558 | 53,060 | 52,870 | 53,060 | 51,792 | |
| Total Segment assets | 1,32,130 | 1,30,573 | 1,19,427 | 1,32,130 | 1,19,427 | 1,25,582 | |
| $\overline{4}$ | Segment Liabilities | ||||||
| a) Hydraulics | 14,975 | 13,634 | 13,060 | 14,975 | 13,060 | 13,494 | |
| b) Aerospace | 6,770 | 7,900 | 4,261 | 6,770 | 4,261 | 7 3 7 4 | |
| c) Others | 209 | 243 | 757 | 209 | 757 | 261 | |
| d) Unallocated | 42,763 | 42,923 | 38,668 | 42,763 | 38,668 | 40,089 | |
| Total Segment Liabilities | 64,717 | 64,700 | 56,746 | 64,717 | 56,746 | 61,218 |
See accompanying notes to the financial results.
DYNAMATIC TECHNOLOG IES LIMITED CIN: L72200KA1973PLC002308
JKM PLAZA, OYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEV ANA HALLI, BANGALORE - 562149, !NOIA
Sta teme nt of Standalone Fina ncial Results for the quarter and six months ended 30 September 2025
Standalone statement of assets and lia bilities:
| ' | (INR i11 lakhs e.xceol as otherwise slated) | ||
|---|---|---|---|
| As at | As at | ||
| Pa rticu la rs | 30 September 2025 | 31 March 2025 | |
| (Unaudited) | (Audited) | ||
| ASSETS | |||
| Non-cu rrent assets | |||
| a) Property, plant and equipment | 29,693 | 29,705 | |
| b) Right-of-use assets | 1,6 16 | 1,99 1 | |
| c) Capita l work in progress | 1,554 | 664 | |
| d) Other intangible assets | 297 | 376 | |
| e) Intangible assets under development | 1,863 | 563 | |
| f) Financial assets | |||
| (i) Investments | 39,766 | 39,706 | |
| (ii) Loan | 7,70 I | 5,7 16 | |
| (iii) Other financial assets | 2,373 | 1,278 | |
| g) Income tax assets (net) | - | 223 | |
| h) Other non-current assets | 4 15 | 399 | |
| Total non-current assets | 85,278 | 80,621 | |
| Current assets | |||
| a) Inventories | 17,982 | 14,528 | |
| b) Financial assets | |||
| (i)Trade receivables | 17,452 | 17,268 | |
| (ii) Cash and cash equivalents | 155 | 265 | |
| (iii) Bank balances other than cash and cash equivalents above | 1,205 | 1,2 18 | |
| (iv) Loans | 150 | 1,567 | |
| (v) Other financia l assets | 688 | 1,2 15 | |
| g) Income tax assets (net) | 322 | - | |
| h) Other non-current assets | 8,898 | 8,900 | |
| Total current assets | 46,852 | 44,961 | |
| Total Assets | 1,32,130 | 1,25,582 | |
| EQ UITY AND LlABILITIES | |||
| Equity | |||
| a) Equity share capital | 679 | 679 | |
| b) Other equity | 66,734 | 63,685 | |
| Total equity | 67,413 | 64,364 | |
| Liabilities | |||
| Non-current liabilities | |||
| a) Financial liabilities | |||
| (i) Borrowings | 16,657 | 15,280 | |
| (ii) Lease liabilities | 934 | 1,400 | |
| (iii) Other financial liabilities | 5 1 | 7 | |
| b) Provisions | 2,592 | 2,652 | |
| c) Deferred tax liabilities (net) | 2, 196 | 2, 180 | |
| Total non-current liabilities | 22,430 | 21,519 | |
| C urrent liabilities | |||
| a) Financial liabilities | |||
| (i) Borrowings | 2 1,303 | 20,824 | |
| (ii) Lease liabilities | 834 | 702 | |
| (iii) Trade Payables | |||
| (a) total outstanding dues of micro enterprises and small enterprises | 3,246 | 1,795 | |
| (b) total outstanding dues of creditors other than micro | 12, 158 | 12,476 | |
| enterprises and smal I enterprises | |||
| (iv) Other financial liabilities | 1,487 | 1,806 | |
| b) Other current liabilities | 925 | 652 | |
| c) Provisions | 446 | 45 1 | |
| d) Current income tax liabilities (net) | 1,888 | 993 | |
| Total current liabilities | 42,287 | 39,699 | |
| ~ Total Liabilities |
64,717 | 61,21 8 | |
| Total Equity and Liabilities | l ,32,I30 | 1,25,582 | |
| '\~V'" '~t.JQ~ |
See accompanying notes to these financial results. 0 '\~V'" '~t.JQ~ ~c, <ti ~,::. <,: ~, z -, t {!J * &!f, * . , .... , •C,u,ORE-ctl- -
DYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KA 1973PLC002308 JKM PLAZA, 0YNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE-562149, IN0IA Statement of Standa lone financial Results for the quarter and six months ended 30 September 2025
Standalone statement of cash flows:
| INR i11 fakirs | ||||
|---|---|---|---|---|
| Particulars | 30 September 2025 | 30 September 2024 | ||
| (Unaudited) | (Unaudited) | |||
| Operating activities: | ||||
| Profit before tax | 4,038 | 3,439 | ||
| Adjustments for: | ||||
| Depreciation and amortisation on Property, plant & equipment and intangible assets | 980 | 909 | ||
| Amortisation of Right-of-use assets | 375 | 354 | ||
| Finance costs | 2, 159 | 1,992 | ||
| Interest on lease liabi lities | 117 | 114 | ||
| Unrealised foreign exchange differences | (877) . | (725) | ||
| Interest income | (565) | (430) | ||
| Loss/(Gain) allowance on financial assets, net | 46 | 39 | ||
| Loss/(Gain) on sale of property, plant and equipment and intangible assets, net | (28) | 25 | ||
| Corporate Guarantee I ncome | ( 16) | (21) | ||
| Gain on lease modification | - | (31) | ||
| Operating cash flow before movements in workin!! canital | 6,229 | 5,665 | ||
| Changes in operating assets and liabilities: | ||||
| Decrease/(lncrease) in inventories | (4,389) | (894) | ||
| Decrease/(lncrease) in trade receivables | 46 | 6,745 | ||
| Decrease/(lncrease) in loans | 3 | (42) (79) |
||
| Decrease/(lncrease) in other financial assets | 39 | (3,823) | ||
| Decrease/(lncrease) in other assets | (7 1) 1,064 |
1,067 | ||
| lncrease/(Decrease) in trade payables lncrease/(Decrease) in provisions |
(13) | 87 | ||
| lncrease/(Decrease) in other financial liabilities | (319) | 396 | ||
| lncrease/(Decrease) in other current liabilities | 273 | 553 | ||
| Cash generated from operations | 2,862 | 9,675 | ||
| Income taxes oaid, net of refund | ( 193) | ( 184) | ||
| Net cash from operating activities (A) | 2,669 | 9,491 | ||
| Investing activities: | ||||
| Purchase of property, plant and equipment and intangibles assets | (2,096) | (844) | ||
| Proceeds from the sales of Property, plant & equipment and intangible assets | 39 | - | ||
| Inter-company loan provided to subsidiary company | (4) | (65) | ||
| Additional investment in equity shares of subsidiary company | - | (1,993) | ||
| Changes in bank deposits (having original maturity of more than three months), net | 13 | (93) | ||
| Interest income received | 16 | 19 | ||
| Net cash used in investing activities /8) | (2,032) | (2,976' | ||
| F inancing activities: | ||||
| Proceeds from long term borrowings | 3,500 | - | ||
| Repayment of long term borrowings | (1,896) | ( I 58) | ||
| Proceeds from short term borrowings, net | 198 | (2,293) (530) |
||
| Payment of Lease liabilities | (452) (2,096) |
(2,057) | ||
| Interest paid | (I) | (340) | ||
| Dividend paid | (747) | (5,378) | ||
| Net cash used in financirH! activities (C) | ||||
| Net increase/(decrease) in cash and cash equivalents (A + B +C) | ( 11 0) | I , 137 519 |
||
| Cash and cash equivalents at the beginning of the year | 265 155 |
1,656 | ||
| Cash and cash eauivalents at the end of the oeriod |
Cash nows from operating activities is arrived using indirect method.
The above represents cash nows from total operations.
DYNAMATlC TECHNOLOGIES LIMITED CIN: L 72200KA t 973PLC002308
JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA
Statement of Standalone Financial Results for the quarter and six months ended 30 September 2025
Notes:
•
The above standalone financial results of the Company as reviewed by the Audit Commillcc and has been approved by the Board of Directors at its meeting held on IO November 2025. The results for the quarter and six months ended 30 September 2025 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 six months ended 30 September 2025.
j or and on behalf of Board of Directors of Dynamatic Technologies Limited
U CEO and Managing Director Date: 10 November 2025 Place: Bangalore
Deloitte Haskins & Sells LLP
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
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF DYNAMATIC TECHNOLOGIES LIMITED
-
- 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 six months ended September 30, 2025 ("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 ("the Listing Regulations").
-
- 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 and in compliance with Regulation 33 of the Listing Regulations. 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 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.
-
- The Statement includes the results of the following entities:
- Dynamatic Technologies Limited, India
- JKM Research Farm Limited, India
-
JKM Global Pte. Limited, Singapore
-
Dynamatic Limited, UK
- Dynamatic LLC, US
- Yew Tree Investments Limited, UK
- JKM Erla Automotive Limited, India
- Dynamatic Manufacturing Limited, India
- Eisenwerk Erla GmbH, Germany
-
- Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of 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.
Page 1 of 2
Regd Office :31st Floor, Tower 3, One International Center, Senapati Bapat Marg, Elphinstone Road (West), Mumbai – 400013
Deloitte Haskins & Sells LLP
- We did not review the financial results of four subsidiaries included in the consolidated unaudited financial results, whose financial results reflect total assets of Rs. 98,804 lakhs as at September 30, 2025 and, total revenues of Rs 21,738 lakhs and Rs. 39,859 lakhs for the quarter and six months ended September 30, 2025 respectively, total profit after tax of Rs. 1,093 lakhs and 687 lakhs for the quarter and six months ended September 30, 2025 respectively and total comprehensive income of Rs. 1,093 lakhs and Rs. 687 lakhs for the quarter and six months ended September 30, 2025 and net cash outflows of Rs. 132 lakhs for the six months ended September 30, 2025, as considered in the Statement. These financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of the 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.
- The consolidated unaudited financial results includes the financial results of two subsidiaries which have not been reviewed by their auditors, whose financial results reflect total assets of Rs. 20,032 lakhs as at September 30, 2025 and, total revenue of Rs 368 lakhs and Rs 847 lakhs for the quarter and six months ended September 30, 2025 respectively, total profit after tax of Rs. 99 lakhs and Rs 338 lakhs for the quarter and six months ended September 30, 2025 respectively and total comprehensive income of Rs 99 lakhs and Rs 338 lakhs for the quarter and six months ended September 30, 2024 respectively and net cash outflows of Rs. 5 lakhs for the six months ended September 30, 2025, 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)
Sathya P. Koushik Partner Membership No. 206920 UDIN: 25206920BMJHMI6515
Place: Bengaluru Date: November 10, 2025
DY AMATIC TECHNOLOGIES LIMITED CIN: L72200KAJ973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE- 562 149, INDIA Statement of Consolidaled Financial Results for the quarter and six months ended 30 September 2025 N
| (INR in lakhs, except as otherwise stated) | ||||||||
|---|---|---|---|---|---|---|---|---|
| SI. No. |
Particulars | 3 months ended 30 September 2025 (Unaudited) |
Preceding 3 months ended 30 June 2025 (Unaudited) |
Corresponding 3 months ended in previous period 30 September 2024 (Unaudited) |
Year to date figure for the current period ended 30 September 2025 (Unaudited) |
Year to date figure for the previous period ended 30 September 2024 (Unaudited) |
Previous year nded 31 March 2025 (Audited) |
|
| 1 | Income | |||||||
| a) Revenue from operations | 39,238 | 37.093 | 36,142 | 76.331 | 70,770 | 1,40,380 | ||
| b) Other income | 681 | 1,010 | 749 | 1.691 | 1,050 | 2,280 | ||
| Total income (a+b) | 39,919 | 38,103 | 36,891 | 78,022 | 71,820 | 1,42,660 | ||
| $\overline{2}$ | Expenses | |||||||
| a) Cost of materials and components consumed | 19.784 | 18.330 | 16,537 | 38,114 | 32,984 | 64,694 | ||
| b) Change in inventory of finished goods and work-in-progress | (297) | 125 | 202 | (172) | (387) | 665 | ||
| c) Employee benefits expenses | 7,829 | 8.044 | 8,268 | 15,873 | 16,010 | 31.997 | ||
| d) Finance costs | 1.540 | 1,406 | 1,472 | 2.946 | 2,874 | 5.672 | ||
| e) Depreciation and amortisation expenses | 1,913 | 1,849 | 1,777 | 3,762 | 3,510 | 6,929 | ||
| f) Other expenses | 7.298 | 6,816 | 7,031 | 14,114 | 14.054 | 27,192 | ||
| Total expenses (a+b+c+d+e+f) | 38,067 | 36,570 | 35,287 | 74,637 | 69,045 | 1,37,149 | ||
| $\overline{\mathbf{3}}$ | Profit before tax and Exceptional items $(1 - 2)$ | 1,852 | 1,533 | 1,604 | 3,385 | 2,775 | 5,511 | |
| $\mathbf{1}$ | Exceptional items (Refer Note 3) | 688 | 688 | |||||
| 5 | Profit before $\text{tax}(3 - 4)$ | 1,164 | 1,533 | 1,604 | 2,697 | 2,775 | 5,511 | |
| 6 | Tax expense/ (credit) (Refer Note 3) | |||||||
| a) Current tax | 575 | 519 | 400 | 1.094 | 466 | 1,270 | ||
| b) Deferred tax | 258 | (63) | ı | 195 | (33) | (63) | ||
| Total tax expense (a+b) | 833 | 456 | 401 | 1,289 | 433 | 1,207 | ||
| 7 | Profit after tax $(5 - 6)$ | 331 | 1,077 | 1,203 | 1,408 | 2,342 | 4,304 | |
| 8 | Other comprehensive income/(loss) (OCI) i) Items that will not be reclassified subsequently to statement of profit and loss |
|||||||
| a) Remeasurement gain/(loss) on defined benefit plans | 105 | (140) | (151) | (35) | (96) | (414) | ||
| b) Income tax relating to items that will not be reclassified to statement of profit and loss |
(22) | $\Omega$ | 30 | (13) | 17 | 91 | ||
| ii) Items that will be reclassified subsequently to Statement of profit and loss a) Exchange differences in translating |
480 | 2.905 | 1,843 | 3,385 | 1,865 | 1,470 | ||
| financial statements of foreign operations | ||||||||
| Other comprehensive income/ (loss) for the period, net of tax |
563 | 2,774 | 1,722 | 3,337 | 1,786 | 1,147 | ||
| 9 | Total comprehensive income for the period (7+8) | 894 | 3,851 | 2,925 | 4,745 | 4,128 | 5,451 | |
| 10 | Paid-up equity share capital (face value of INR 10/- each) | 679 | 679 | 679 | 679 | 679 | 679 | |
| 11 | Reserves (Other equity) | 71.071 | ||||||
| Earnings per equity share | (not annualised) | (not annualised) | (not annualised) | (not annualised) | (not annualised) | (annualised) | ||
| Earnings per share Basic and diluted (INR) |
4.87 | 15.86 | 17.72 | 20.74 | 34.49 | 63.39 |
See accompanying notes to the fmancial results.
DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308
JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA
Statement or Consolidated Financial Results for the quarter and six months ended 30 September 2025
| Anncxurc I : Stiltcmcnt of Consolidated segment wise revenue, results, assets and liabilities for the quarter and six months ended 30 Sc1>tcmber 2025 | ||
|---|---|---|
| I/NI? in fakirs excem os otherwise stmed) | |||||||
|---|---|---|---|---|---|---|---|
| SI. No. | Particulars | 3 months ended 30 September 2025 (Unaudited) |
Preceding 3 months ended 30 June 2025 (Unaudited) |
Corresponding 3 months ended in previous period 30 September 2024 (Unaudited) |
Yc:ir to date fi gure for the current period ended 30 September 2025 (Unaiudited) |
Year to d:11c figure for the previous period ended 30 Sc1>1cmbcr 202-4 (Unaudited) |
Previous year ended 31 March 2025 (Audited) |
| I | Segment revenue | ||||||
| a) Hydraulics | 12,629 | 10,6 12 | 13,058 | 23,24 1 | 24,969 | 45,804 | |
| b) Aerospace | 17,852 | 17,292 | 14 ,829 | 35,144 | 28,4 14 | 60,785 | |
| c) Metallurgy | 8,753 | 9,188 | 8,250 | 17,941 | 17,376 | 33,483 | |
| d) Others | 4 | I | 5 | 5 | II | 308 | |
| Revenue from operations | 39,238 | 37,093 | 36,142 | 76,331 | 70,770 | 1,40,380 | |
| 2 | Segment results !profit/ (loss) before finance costs, other income and tax from each segment I |
||||||
| a) Hydraulics | 394 | 36 | 930 | 430 | 1,553 | I, 145 | |
| b) Aerospace | 3,665 | 2,913 | 2,645 | 6,578 | 5.3 13 | 11 ,863 | |
| c) Metallurgy | (498) | (153) | (2 11) | (65 1) | ( 192) | (296) | |
| d) Others | ( 182) | (174) | (429) | (356) | (689) | (488) | |
| c) Unallocated | (668) | (693) | (608) | ( 1,361) | ( 1,386) | (3,321 ' | |
| Total | 2,711 | 1,929 | 2,327 | 4,640 | 4,599 | 8,903 | |
| Unallocable | |||||||
| - Finance costs | (1,540) | ( 1,406) | ( 1,472) | (2,946) | (2,874) | (5,672) | |
| - Other income | 681 | l,0IO | 749 | 1,691 | 1.050 | 2,280 | |
| - Exceptional Items (Refer Note 3) | (688) | - | - | (688) | |||
| Profit before tax | 1,164 | 1,533 | 1,604 | 2,697 | 2,775 | 5,51 I | |
| 3 | Segment assets | ||||||
| a) Hydraulics | 36,209 | 33,637 | 35,528 | 36.209 | 35,528 | 34,009 | |
| b) Aerospace | 99,254 | 1,01,279 | 86,336 | 99,254 | 86,336 | 93,960 | |
| c) Metallurgy | 27,861 | 28,487 | 26,302 | 27,861 | 26,302 | 25,256 | |
| d) Others | 6,454 | 5,732 | 4,307 | 6,454 | 4,307 | 5,375 | |
| e) Unallocated | 6,154 | 6,357 | 7.3 11 | 6,154 | 7,311 | 6,428 | |
| Total Segment assets | 1,75,932 | 1,75,492 | 1,59,784 | 1,75,932 | 1,59,784 | 1,65,028 | |
| 4 | Segment liabilities | ||||||
| a) Hydraulics | 25,051 | 21,873 | 19,941 | 25,05 I | 19.94 1 | 20,942 | |
| b) Aerospace | 19,809 | 22,290 | 18,543 | 19,809 | 18,543 | 21,702 | |
| c) Metallurgy | 5,745 | 5,996 | 4,876 | 5,745 | 4,876 | 4,476 | |
| d) Others | 425 | 292 | 805 | 425 | 805 | 304 | |
| e) Unallocated | 48,407 | 49,440 | 45,057 | 48,407 | 45.057 | 45.854 | |
| Total Se~mcnt liabilities | 99,437 | 99,891 | 89,222 | 99,437 | 89,222 | 93,278 |
See accompanymg notes to the financial results.
DYNAMATIC TECHNOLOGlES UMITED CIN: L 72200KA1973PLC002308
.. JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIA DB AEROSPACE PARK, BANGALORE- 562 149, INDIA
Statement of Consolidated Financial Results for the quarter and six months ended 30 September 2025
Consolidated statement of assets and liabilities:
| (INR in lakhs, e.xcevt as otherwise slated) | ||||
|---|---|---|---|---|
| As at | As at | |||
| Particulars | 30 September 2025 | 3 l March 2025 | ||
| (Unaudited) | (Audited) | |||
| ASSETS | ||||
| Non-current assets | ||||
| a) Property plant and equipment | 61 ,963 | 58,54 1 9, 172 |
||
| b) Right-of-use assets | 8,504 2,064 |
1,8 16 | ||
| c) Capital work in progress d) Goodwill |
10,273 | 9,802 | ||
| e) Other Intangible assets | 2,537 | 2,568 | ||
| f) Intangible Assets under Development | 2,411 | 1,07 1 | ||
| g) Financial assets | ||||
| (i) Investments | 33 | 33 | ||
| (ii) Other financial assets | 639 | 681 | ||
| h) Income tax assets (net) | 92 | 528 | ||
| i) Other non-current assets | 415 | 399 | ||
| Total non - current assets | 88,93 1 | 84,61 l | ||
| Current assets | ||||
| a) Inventories | 39,095 | 34,662 | ||
| b) Financial assets | ||||
| (i) Trade receivables | 29,338 | 28,935 | ||
| (ii) Cash and cash equivalents | 3, 131 | 3,3 11 | ||
| (iii) Bank balances other than cash and cash equivalents above | 1,447 194 |
1,279 195 |
||
| (iv) Loans (v) Other financial assets |
27 | 354 | ||
| c) Income tax asset (net) | 322 | - | ||
| d) Other current assets | 13,447 | 11 ,68 1 | ||
| Total current assets | 87,001 | 80,417 | ||
| Total Assets | 1,75,932 | 1,65,028 | ||
| EQUITY AND LIABILITIES | ||||
| Equity | ||||
| a) Equity share capital | 679 | 679 | ||
| b) Other equity | 75,8 16 | 7 f,07 1 | ||
| Total equity | 76,495 | 71 ,750 | ||
| Liabilities | ||||
| Non-current liabilities | ||||
| a) Financial liabilities | ||||
| (i) Borrowings (ii) Lease Liabilities |
19, 149 9,030 |
17,524 9,447 |
||
| b) Provisions | 3,457 | 3,389 | ||
| c) Deferred tax liabilities (net) | 296 | 114 | ||
| d) Other non-current liabilities | 99 | 96 | ||
| Total non-current liabilities | 32,031 | 30,570 | ||
| Current liabilities | ||||
| a) Financial liabilities | ||||
| (i) Borrowings | 28,536 | 27,580 | ||
| (ii) Lease liabilities | 2,728 | 2,574 | ||
| (iii) Trade Payables (a) total outstanding dues of micro and small enterprises |
3,558 | 1,886 | ||
| (b) total outstanding dues of creditors other than micro and small enterprises | 20,992 | 2 1, 124 | ||
| (iv) Other financial liabilities | 6,354 | 5,611 | ||
| b) Other current liabilities | 2,014 | 1,712 | ||
| c) Provisions | 1,336 | 1,226 | ||
| d) Current tax liabilities (net) | 1,888 | 995 | ||
| Total current liabilities | 67,406 | 62,708 | ||
| Total liabilities | 99,437 | 93,278 | ||
| Total equity and liabilities | 1,75,932 | 1,65,028 |
See accompanying notes lo these financial results.
DYNAMA TIC TECHNOLOG IES LIMITED CIN: L72200KA l973PLC002308
JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA
Statement of Consolidated Financial Results for the quarter and six mo nths ended 30 September 2025
Consolidated Stateme nt of cash flows:
| INR i11 lak//s | ||
|---|---|---|
| 30 September 2025 | 30 Septembe r 2024 | |
| Particula rs | (Unaudited) | (Unaudited) |
| Operating activities: | ||
| Profit before tax after exceptional items | 2,697 | 2,775 |
| Adjustments: | ||
| Depreciation and amortisation on Property, plant and equipment and Intangible assets | 2,588 | 2, 188 |
| Amortisation on Right of use Assets | I, 174 | 1,322 |
| Finance costs | 2,618 | 2,388 |
| Interest on Lease liabilities | 328 | 352 |
| Unrealised foreign exchange differences | ( 1,075) | 154 |
| Interest income | ( 160) | (43) |
| Loss allowance on financial assets (net) | 46 | 39 |
| Loss/(Gain) on sale of property, plant and equipment and Intangible assets (net) | (28) | 25 |
| Exceptional Items | 688 | - |
| Gain on lease modification | - | (3 I) |
| Operating cash flow before movements in working ca1>ital | 8,876 | 9,169 |
| Changes in operating assets and liabilities: | ||
| Decrease/(Increase) in inventories | (3,753) | (972) |
| Decrease/(lncrease) in trade receivables | 3 15 | 5,979 |
| Decrease/(lncrease) in loans | (8) | 372 |
| Decrease/(Increase) in other financial assets | 69 | 69 |
| Decrease/(Increase) in other assets | (692) | (4,694) |
| lncrease/(Decrease) in trade Payable | 589 | 272 |
| lncrease/(Decrease) in Provision | 6 1 | ( 193) |
| lncrease/(Decrease) in other financial liabilities | (597) | (622) |
| lncrease/(Decrease) in other current liabilities | 533 | 135 |
| Cash generated from onerations | 5,393 | 9,515 |
| Income taxes paid, net of refund | (200) | ( 139) |
| Net cash generated from operating activities (A) | 5, 193 | 9,376 |
| Investing activities: | ||
| Purchase of property, plant and equipment and intangibles assets | (3,838) | (2,494) |
| Proceed from the sales of property, plant and equipment and intangibles | 39 | - |
| Changes in bank deposits (having original maturity of more than three months), net | ( 164) | (93) |
| Interest income received | 16 | 46 |
| Net cash used in investirH! activities (B) | (3,947) | (2,54 1) |
| Financing activities: Proceed from long term borrowings |
4,49 1 | - |
| Repayment of long term borrowings | (2,649) | (872) |
| Proceeds/(Repayment) from short term borrowings,(net) | 169 | (2,620) |
| Payment of Lease liabilities | ( 1,318) | ( 1,663) |
| Interest paid | (2,486) | (2,458) |
| Dividend paid | ( I) | (340) |
| Net cash (used in) by financing activities (C) | (1,794) | (7,953) |
| ( I, 11 8) | ||
| Net decrease in cash and cash equivalents (A + B + C) | (548) 3,311 |
5,083 |
| Cash and cash equivalents at the beginning of the year | 184 | |
| Effect of exchange rate changes on cash and cash equivalent | 368 3,131 |
4,149 |
| Cash a nd cash eauivalents at the end of the oe riod . . Cash flows from operating act1v1t1es 1s arrived us111g Indirect method |
The above represents cash flows from total operations.
DYNAMATIC TECH OLOGIES LIMITED CIN: L 72200KA1973PLC002308
JKM PLAZA, DY AMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE- 562 149, INDIA Statement of Consolidated Financial Results for the quarter and six months ended 30 September 2025
Notes:
- I The above consolidated financial results of the Company as reviewed by the Audit Committee and has been approved by the Board of Directors at its meeting held on IO November 2025. The results for the quarter and six months ended 30 September 2025 has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has issued an urm1odified conclusion in respect of the limited review for the quarter and six months ended 30 September 2025.
- 2 lnfom1ation on standalone financial results:
| ([NR in /akhs, except as otherwise stated) | ||||||
|---|---|---|---|---|---|---|
| Particulars | 3 months ended 2025 (Unaudited) |
Preceding 30 September 3 months ended 30 June 2025 (Unaudited) |
Corresponding 3 mouths ended in previous period 30 September 2024 (Unaudited) |
Year to date figure for the current period ended 30 September 2025 (Unaudited) |
Year to date figure for the previous period ended 31 March ended 30 September 2024 (Unaudited) |
Previous year 2025 (Audited) |
| a. Revenue from operations | 18,255 | 17,760 | 16,688 | 36,015 | 31,517 | 63,918 |
| b. Profit before tax | 1,918 | 2,120 | 2,156 | 4,038 | 3,439 | 5,431 |
| c. Profit after tax | 1,475 | 1,535 | 2,099 | 3,010 | 3,027 | 5,066 |
3 The Hydraulic Division of Dynamatic Limited, UK (DLUK), a wholly owned subsidiary, has faced a continued decline in European supply chain reliability over recent quarters. This has created risk to customer lines and unsustainable operations for the company with continuous disruptions and financial losses. In view of this, the Group has taken a strategic decision to transfer specific production operations from the DLUK Hydraulic division to India, while retaining select strategic product lines in the UK.
During the current period, the following key actions were implemented:
a) In September 2025, the management announced a restructuring initiative to align operations with current market conditions and to rationalise the product range. As part of this initiative, certain positions were identified as being at potential risk of redundancy. Accordingly, a provision of GBP 0.6 million (INR 688 Lakhs) has been recognised under Exceptional Items towards the estimated costs associated with the planned workforce reduction.
b) DLUK Hydraulic division has transferred certain Intellectual Property (IP) rights to Dynamatic Manufacturing Limited (DML), a wholly owned subsidiary, which has been capitalised in DML. While the above transaction being intra-group is eliminated in the consolidated financial results, a non-cash tax charge was recognised in DLUK of INR 562 lakhs which has impacted the Group's effective tax rate for the period, since a corresponding deferred tax credit has not been recognised at DML in line with Ind AS 12 "Income Taxes".
for and on behalf of Board of Directors of Dynamatic Technologies Limited
t Mal CEO and Mana Date: IO November 2025 Place: Bangalore
Disclosure as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31 , 2024.
| Sr. No. | Particulars | Details | ||
|---|---|---|---|---|
| 1. | of the Name entity, date & country of incorporation, etc.; |
1 Olh held on The Board at its meeting November 2025, approved the incorporation of Wholly Owned Subsidiary of the Company in the name and style of "Dynauton Limited" or any other appropriate name as may be approved by the Ministry of Corporate Affairs (NewWOS). |
||
| Country of incorporation will be India. | ||||
| 2. | Name of holding company of the incorporated company and relation with the listed entity; |
Dynamatic Technologies Limited, the listed entity, will be the holding company of New WOS. |
||
| 3. | Industry to which the entity being incorporated belongs; |
Unmanned Aerial Vehicle (UAV) | ||
| 4. | Brief background about the entity incorporated in terms of products / line of business; |
The proposed New WOS will be incorporated with an objective to carry out the business of designing and manufacturing advanced Unmanned Aerial Vehicle (UAV) and critical subsystems, including gimbals, autopilots, radars, propulsion units, avionics, and ' software solutions. |
||
| 5. | Brief details of any governmental or regulatory approvals required for the acquisition; |
The incorporation of New WOS is subject to the approval by the Ministry of Corporate Affairs. |
||
| 6. | of - Nature consideration whether cash consideration or share swap and details of the same; |
100% subscription to initial paid up capital of z 1,00,000/- (Rupees One Lakhs only) in cash. |
||
| 7. | Cost of subscription / price at which the shares are subscribed; |
Subscription of 100% paid-up share capital in cash. |
||
| 8. | of shareholding I Percentage control by the listed entity and / or number of shares allotted. |
The Company will hold 100% paid-up share capital of the New WOS. I |
,-L 4~ Ol[J~e,1,(l'lOLoG'~u' ~< ~ ~ <I: • ~I ~\ f *a. ~~ ~()Rt: -
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