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Dynamatic Technologies Ltd. — Investor Presentation 2026
May 20, 2026
60708_rns_2026-05-20_4c444977-b73a-4591-afa8-904ae072ef5c.pdf
Investor Presentation
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DYNAMATIC TECHNOLOGIES LIMITED
D
$20^{\mathrm{th}}$ May 2026
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,
Bandra East, Mumbai 400 051.
Scrip Code: DYNAMATECH
Dear Sir/Madam,
Sub: Investor Presentation.
We wish to inform you that the Board of Directors of the Company, at their meeting held on May 19, 2026, inter alia, has approved the audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2026 ("Financial Results").
In this respect, we enclose herewith the Presentation on the Financial Results of the Company for the quarter and year ended March 31, 2026. This 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.
Thanking you,
Yours faithfully,
For Dynamic Technologies Limited
Shivaram V
Digitally signed by Shivaram V
Date of the endorsement: 2026-08-05
AUTHORITY OF FINANCIAL TECHNOLOGIES LIMITED
V.A.C.D.S. OF INDIA LIMITED
WASHINGTON OFFICE: 10000
PHILIPPINES AVENUE: BANDRA KURLA COMPANY
SCHIFFERDON
WASHINGTON, D.C.: 20005
WASHINGTON OFFICE: 10000
SCHIFFERDON OFFICE: 10000
SCHIFFERDON OFFICE: 10000
SCHIFFERDON OFFICE: 10000
SCHIFFERDON OFFICE: 10000
Shivaram V
Chief Legal Officer and Company Secretary
Membership No.: ACS 19173
Registered Office
Dynamic Technologies Limited
JKM Plaza Dynamic Aerotropolis
55 KIADB Aerospace Park
Bangalore 562 149 India
Tel +91 80 2111 1223 +91 80 2204 0535
www.dynamatics.com
Corporate Identity Number: L72200KA1973PLC002308
DYNAMATIC TECHNOLOGIES LIMITED
Q4 and FY2026 EARNINGS PRESENTATION

Hydraulics

Aerospace

Metallurgy
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED FY2026 PERFORMANCE HIGHLIGHTS
Highlights FY2026 vs. FY2025
- Revenue of Rs. 16,213.4 mn; up by 15.5% from Rs. 14,038.0 mn in FY2025
- Aerospace segment revenue of Rs. 7,756.1 mn; up by 27.6% from Rs. 6,078.5 mn
- Hydraulics segment revenue of Rs. 4,873.8 mn; up by 6.4% from Rs. 4,580.4 mn
-
Metallurgy segment revenue of Rs. 3,581.0 mn; up by 6.9% from Rs. 3,348.3 mn
-
EBITDA of Rs. 1,826.8 mn; up by 15.4% from Rs. 1,583.2 mn in FY2025
-
EBITDA margin of 11.3%; down by 1 bps
-
EBIT of Rs. 1,060.6 mn; up by 19.1% from Rs. 890.3 mn in FY2025
-
EBIT margin of 6.5%; up by 20 bps
-
PAT excluding exceptional items (of Rs. 275.7 mn) stood at Rs. 599.8 mn as against Rs. 430.4 mn in FY2025

FY2026 Revenue Breakup

Revenue (Rs. mn) and EBITDA Margin (%)
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
DYNAMATIC TECHNOLOGIES LIMITED
Q4FY2026 PERFORMANCE HIGHLIGHTS
Highlights Q4FY2026 vs. Q4FY2025
- Revenue of Rs. 4,331.6 mn; up by 13.8% from Rs. 3,806.7 mn in Q4FY2025
- Aerospace segment revenue of Rs. 2,102.0 mn; up by 21.6% from Rs. 1,728.0 mn
- Hydraulics segment revenue of Rs. 1,312.3 mn; up by 18.8% from Rs.1,104.8 mn
-
Metallurgy segment revenue of Rs. 915.5 mn; down by 3.0% from Rs. 944.3 mn
-
EBITDA of Rs. 486.1 mn; up by 28.1% from Rs. 379.4 mn in Q4FY2025
-
EBITDA margin of 11.2%; up by 120 bps
-
EBIT of Rs. 292.6 mn; up by 41.4% from Rs. 206.9 mn in Q4FY2025
-
EBIT margin of 6.7%; up by 140 bps
-
PAT excluding exceptional items (of Rs. 64.2 mn) stood at Rs. 189.8 mn as against Rs. 160.9 mn in Q4FY2025

Q4FY2026 Revenue Breakup

Revenue (Rs. mn) and EBITDA Margin (%)
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
FINANCIAL PERFORMANCE SUMMARY
Consolidated Performance Highlights
| Rs. mn | Q4 | y-o-y Growth (%) | Q3 | q-o-q Growth (%) | Full Year | y-o-y Growth (%) | ||
|---|---|---|---|---|---|---|---|---|
| FY26 | FY25 | FY26 | FY26 | FY25 | ||||
| Revenue | 4,331.6 | 3,806.7 | 13.8% | 4,248.7 | 2.0% | 16,213.4 | 14,038.0 | 15.5% |
| EBITDA | 486.1 | 379.4 | 28.1% | 500.5 | (2.9)% | 1,826.8 | 1,583.2 | 15.4% |
| Margin (%) | 11.2% | 10.0% | 11.8% | 11.3% | 11.3% | |||
| EBIT | 292.6 | 206.9 | 41.4% | 304.0 | (3.8)% | 1,060.6 | 890.3 | 19.1% |
| Margin (%) | 6.8% | 5.4% | 7.2% | 6.5% | 6.3% | |||
| Normalised PBT* | 217.0 | 192.9 | 12.5% | 222.1 | (2.3)% | 777.6 | 551.1 | 41.1% |
| Normalised PAT* | 189.8 | 160.9 | 17.9% | 200.4 | (5.3)% | 599.8 | 430.4 | 39.4% |
| Margin (%) | 4.4% | 4.2% | 4.7% | 3.7% | 3.1% | |||
| Normalised EPS (Rs.)* | 27.95 | 23.70 | 29.51 | 88.34 | 63.39 |
- The revenue in Q4FY2026 increased by 13.8% on a y-o-y basis
- Hydraulics segment revenue up by 18.9%, Aerospace segment revenue up by 21.6%, while Metallurgy segment revenue down by 3.0% on a y-o-y basis
- Q4FY2026 EBITDA increased by 28.1% y-o-y with margin of 11.2%
- Normalised PAT stood at Rs. 189.8 mn as against Rs. 160.9 mn in Q4FY2025; up by 17.9%
Note: *PBT, PAT and EPS excludes exceptional item of Rs. 64.2 mn in Q4FY26, Rs. 142.7 mn in Q3FY26 and Rs. 275.7 mn FY26 © 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
PERFORMANCE HIGHLIGHTS
Management Commentary
Commenting on the results, Mr. Udayant Malhoutra, CEO and Managing Director said:
"The Aerospace segment continued to anchor the Company's performance during FY26, remaining the largest contributor to revenues and profitability. Throughout the year, the business strengthened its position within the global aerospace supply chain through deeper engagement with leading OEMs, expansion of advanced manufacturing capabilities and execution of complex aerostructure programs. A key milestone during the year was the successful delivery readiness of the first complete ship-set of all eight Airbus A220 doors from our Bengaluru facility, completed ahead of schedule. This achievement highlights Dynamic's growing capability in high-precision aerostructure manufacturing and reinforces India's emergence as a globally competitive aerospace manufacturing hub.
The year also marked significant progress in strengthening our long-term strategic partnerships. During the quarter, the Company entered into collaborations with Hutchinson to expand capabilities across advanced aerospace composites. This collaboration enhances our joint participation in next-generation aerospace and defence platforms and create new opportunities in both commercial and security applications. Alongside this, the Company saw strong momentum across Airbus programs and defence aerospace initiatives, supported by increasing localisation, strong global demand and the continued growth of aerospace manufacturing capabilities in India.

Airbus A220 All Doors Final Stage

Airbus A220 Doors Assembly

MoA with Hutchinson
Continued in next page...
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
Management Commentary
Continued...
The Hydraulics segment delivered a stable performance during the year, supported by strong demand from domestic OEMs, industrial customers and aftermarket channels. The India business benefited from improving mechanisation trends and infrastructure activity, while the Company further strengthened manufacturing throughput and supply chain integration between Bangalore and Swindon to improve operational efficiency and delivery responsiveness. During the year, the UK restructuring program progressed steadily with rationalisation of selected product lines and workforce optimisation initiatives aimed at aligning operations with prevailing market conditions in Europe. These measures are expected to strengthen long-term competitiveness, improve margins and create a leaner and more agile operating structure for the Hydraulics business.
The Metallurgy segment continued to face challenging market conditions during the year due to weakness in the German automotive sector, elevated energy costs and geopolitical uncertainties in Europe. Despite these headwinds, the business maintained strict cost discipline and continued its strategic shift toward aerospace, defence and specialised engineering applications to strengthen its long-term business."

Casting process at the GFD molding plant



Hydraulic Gear Pumps

© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
PERFORMANCE HIGHLIGHTS
Foreign Exchange Fluctuation
| Exchange Rate | Q4FY2026 | Q4FY2025 | Q3FY2026 | Q4FY2026 vs. Q3FY2026 | Q4FY2026 vs. Q4FY2025 | ||
|---|---|---|---|---|---|---|---|
| Impact | Impact % | Impact | Impact % | ||||
| EURO vs. INR | 102.54 | 90.86 | 100.92 | 1.62 | 1.6% | 11.68 | 12.8% |
| GBP vs. INR | 118.52 | 108.34 | 116.80 | 1.72 | 1.5% | 10.18 | 9.4% |
| USD vs. INR | 88.44 | 84.67 | 87.32 | 1.12 | 1.3% | 3.77 | 4.4% |
Impact due to change in average exchange rates (Y-o-Y)
| Particulars | Q4FY2026 vs. Q4FY2025 | Q4FY2026 vs. Q3FY2026 | ||||||
|---|---|---|---|---|---|---|---|---|
| Erla | DL UK | DTL | Total Impact | Erla | DL UK | DTL | Total Impact | |
| Currency | EURO | GBP/ USD | EURO/GBP/USD | EURO | GBP/ USD | EURO/GBP/USD | ||
| Revenue (Rs. mn) | 99.37 | 92.58 | 61.65 | 253.59 | 13.79 | 15.64 | 14.76 | 44.20 |
| EBITDA (Rs. mn) | 3.77 | 11.07 | 12.33 | 27.17 | 0.52 | 1.87 | 2.95 | 5.35 |
- On a constant currency basis, Q4FY2026 revenue, if adjusted for a foreign exchange impact of Rs. 253.59 mn would be Rs. 4,078.01 mn (representing an increase of 7.1% compared to an increase of 13.8% before adjustment)
- On a constant currency basis, Q4FY2026 EBITDA, if adjusted for a foreign exchange impact of Rs. 27.17 mn would be Rs. 458.50 mn (compared to Rs. 485.7 mn before adjustment)
- The Company has exposure to EUR, GBP and USD. The impact from EUR, GBP and USD transactions were favorable on a Y-o-Y basis
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
AEROSPACE SEGMENT
Financial Overview
| Rs. mn | Q4 | y-o-y Growth (%) | Q3 | o-o-g Growth (%) | Full Year | y-o-y Growth (%) | ||
|---|---|---|---|---|---|---|---|---|
| FY26 | FY25 | FY26 | FY26 | FY25 | ||||
| Revenue | 2,102.0 | 1,728.0 | 21.6% | 2,139.7 | (1.8)% | 7,756.1 | 6,078.5 | 27.6% |
| EBITDA | 442.8 | 432.9 | 2.3% | 453.9 | (2.5)% | 1,775.5 | 1,578.3 | 12.5% |
| Margin (%) | 20.7% | 25.1% | 21.2% | 22.9% | 26.0% | |||
| EBIT | 326.7 | 336.3 | (2.9)% | 339.4 | (3.9)% | 1,323.5 | 1,186.3 | 11.6% |
| Margin (%) | 15.5% | 19.5% | 15.9% | 17.1% | 19.5% |
Performance Overview
Aerospace continued to be the primary growth driver, with revenue increasing by 27.6% for the full year driven by resilient performance and execution of commercial order book. While revenue momentum remains robust, profitability was broadly stable in the quarter and grew moderately for the year, indicating some margin normalization amid growth investments and execution mix.
Outlook:
The segment remains well positioned for strong growth, supported by strong demand across commercial and defence aerospace programs, increasing India's growing role in the global aerospace supply chain. Ongoing customer programs and new strategic partnerships are expected to support long-term business visibility and growth
Strategy:
Our focus remains on scaling complex aerostructure programs, deepening relationships with global OEMs and strengthening advanced manufacturing and engineering capabilities. We continue to invest in next-generation commercial and security applications to enhance long-term competitiveness, margins and execution capabilities.
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
HYDRAULICS SEGMENT
Financial Overview
| Rs. mn | Q4 | y-o-y Growth (%) | Q3 | q-o-q Growth (%) | Full Year | y-o-y Growth (%) | ||
|---|---|---|---|---|---|---|---|---|
| FY26 | FY25 | FY26 | FY26 | FY25 | ||||
| Revenue | 1,312.3 | 1,104.8 | 18.8% | 1,237.4 | 6.1% | 4,873.8 | 4,580.4 | 6.4% |
| EBITDA | 108.2 | (19.6) | nm | 142.4 | (24.0)% | 358.7 | 241.5 | 48.5% |
| Margin (%) | 8.2% | (1.8)% | 11.5% | 7.4% | 5.3% | |||
| EBIT | 68.6 | (51.6) | nm | 103.0 | (33.4)% | 214.6 | 114.5 | 87.4% |
| Margin (%) | 5.2% | (4.7)% | 8.3% | 4.4% | 2.5% |
Performance Overview
The segment reported 6.4% year-on-year growth, led by strong performance in India Hydraulics driven by robust OEM and aftermarket demand. However, UK Hydraulics revenue declined due to reduced OEM demand and planned operational rationalization on transfer of technology and product lines to improve profitability.
Outlook:
Segment is expected to witness gradual improvement in margins supported by stable domestic demand, increasing farm mechanization and infrastructure activity in India. UK restructuring initiatives are expected to aid margin recovery over the medium term.
Strategy:
The Company continues to prioritize cost optimization, manufacturing efficiency and expansion of its aftermarket and industrial presence to improve long-term profitability and competitiveness
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
METALLURGY SEGMENT
Financial Overview
| Rs. mn | Q4 | Y-0-Y Growth (%) | Q3 | q-0-Q Growth (%) | Full Year | Y-0-Y Growth (%) | ||
|---|---|---|---|---|---|---|---|---|
| FY26 | FY25 | FY26 | FY26 | FY25 | ||||
| Revenue | 915.5 | 944.3 | (3.0)% | 871.4 | 5.1% | 3,581.0 | 3,348.3 | 6.9% |
| EBITDA | 31.5 | 38.2 | (17.3)% | (5.0) | nm | 28.3 | 100.4 | (71.8)% |
| Margin (%) | 3.4% | 4.0% | (0.6)% | 0.8% | 3.0% | |||
| EBIT | (3.8) | 4.9 | nm | (41.0) | nm | (109.9) | (29.6) | nm |
| Margin (%) | (0.4)% | 0.5% | (4.7)% | (3.1)% | (0.9)% |
Performance Overview
The Metallurgy segment recorded a year-over-year growth of 6.9%; however, the business continued to operate under challenging market conditions and navigating a complex transition amid structural shifts, high energy costs, and fierce global competition in Germany.
Outlook:
The segment continues to face a cautious demand environment in Europe, particularly across automotive-linked industrial markets. However, gradual demand stabilisation, easing inflationary pressures and increasing opportunities in specialised engineering and defence applications are expected to support the business over the medium term
Strategy:
Our focus remains on cost discipline, operational efficiency and improving the product mix toward higher-value applications. The Company continues to advance diversification into aerospace, defence and specialised engineering segments to strengthen margins, reduce dependence on traditional automotive demand cycles and improve long-term business resilience
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
QUARTERLY FINANCIAL TRENDS

Revenue (Rs. mn) and Growth % (Q-o-Q)

Segment Wise Revenue Contribution

EBITDA (Rs. mn) and Margin (%)

Segment Wise Revenue Contribution
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
YEARLY FINANCIAL TRENDS

Revenue (Rs. mn) and Growth % (Q-o-Q)

Segment Wise Revenue Contribution

EBITDA (Rs. mn) and Margin (%)

Segment Wise Revenue Contribution
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
QUARTERLY FINANCIAL TRENDS
Capital Structure
| (Rs. mn) | Mar-25 | Dec-25 | Mar-26 |
|---|---|---|---|
| Long Term | 2,252.3 | 2,829.7 | 3,110.8 |
| Short Term | 2,258.1 | 2,043.0 | 2,183.0 |
| Total Debt | 4,510.4 | 4,872.7 | 5,293.8 |
| Less: Cash & Cash Equivalents | 459.0 | 563.0 | 679.8 |
| Net Debt | 4,051.4 | 4,309.7 | 4,614.0 |
| Add: Lease Liabilities | 1,202.1 | 1,116.1 | 1,085.1 |
| Overall Debt | 5,253.5 | 5,425.8 | 5,699.1 |
| Net Worth | 7,175.0 | 7,857.3 | 7,935.2 |
| LTM EBITDA | 1,583.2 | 1,720.1 | 1,826.8 |

Net Debt/LTM EBITDA & Net Debt/Equity (x)

Interest Expense (Rs. mn) & Interest Coverage (x)
Note:
1. Interest Coverage ratio = Operating Profit / Interest Expense
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
D
DYNAMATIC OVERVIEW
Diversified business
- A combination of stable and high growth businesses with highly engineered products for the automotive, hydraulic and aerospace industries
- Successful track record of enhancing manufacturing capabilities through R&D and selective acquisitions
Competitive market position
- One of the world's largest manufacturers of hydraulic gear pumps, with over five decades of leadership in this market.
- Holds approximately 70% share of the organized tractor market in India, supplying to nearly all major OEMs.
- A pioneer in the Indian private sector for aerospace and defense, serving as a Tier I supplier to global OEMs such as Airbus, Boeing, Bell Helicopters, Dassault Aviation, Deutsche Aircraft, and HAL, delivering complex aerostructures, tooling, and precision parts. In the UK, our company specializes in manufacturing of high-precision airframe structures and aerospace components.
- Produces intricate metallurgical ferrous castings for performance-critical components like turbochargers and exhaust manifolds, with capabilities to develop complex metallurgical components on a single-source basis.
Locational advantages
- World-class manufacturing facilities in India, the UK, and Germany strategically position our company in the post-COVID environment, as customers seek supply chain stability and prefer nearshored deliveries.
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
DYNAMATIC OVERVIEW
Vertically Integrated Facilities
- Owns one of the most advanced ferrous foundries in Europe (Germany) capable of manufacturing highly intricate castings
- In-house division for design validation and optimization, analysis and prototypes
- 8 Facilities worldwide, located in Bangalore (India), Swindon and Bristol (UK) and Schwarzenberg (Germany)
R&D and Intellectual Property
- Owns several patents for various products and designs in India and internationally
- Has the design IP for all the products manufactured in the Hydraulics segment
- R&D units recognized by Department of Scientific and Industrial Research, Government of India
Blue Chip Customers
- Metallurgy: BMW, MAN, Daimler, AGCO, Audi, BorgWarner
- Hydraulics: Cummins, Escorts, John Deere, Mahindra & Mahindra, Same Deutz-Fahr
- Aerospace: Airbus, Bell Helicopter, Boeing, HAL, Dassault Aviation, Deutsche Aircraft
Board and Management
- Highly qualified board and management team with significant industry experience
- 5 out of 8 Directors are Independent
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
D
DYNAMATIC OVERVIEW
Combination of Stable and High Growth Businesses
| AEROSPACE
48% of FY2026 Revenue | | • Wings, rear fuselages, ailerons, wing flaps and major airframe structures
• Ramp structure assembly
• AFT Pylon assembly | • Airbus
• Boeing
• Bell
• Deutsche Aircraft | • Spirit Aerosystems
• HAL
• Dassault Aviation |
| --- | --- | --- | --- | --- |
| HYDRAULICS
30% of FY2026 Revenue | | • Hydraulic valves
• Hydraulic gear pumps
• Combined displacement pump packages
• Fan drive systems
• Fixed displacement pumps | • Cummins
• Eicher
• Escorts
• John Deere
• JCB | • Mahindra & Mahindra
• New Holland
• Same Deutz-Fahr
• Terex
• MacDon |
| METALLURGY
22% of FY2026 Revenue | | • Casting and forging | • Audi
• BMW
• Daimler
• IHI | • MAN
• BorgWarner
• AGCO |
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
BLUE CHIP INVESTOR BASE

Shareholding Structure
Shareholding Pattern Trend
| Shareholders | Mar-25 | Dec-25 | Mar-26 |
|---|---|---|---|
| Promoters | 41.9% | 41.9% | 41.5% |
| Flls | 13.3% | 10.3% | 10.1% |
| Dlls | 6.6% | 8.7% | 8.4% |
| Alternative Investment Fund | 6.9% | 6.6% | 7.2% |
| Bodies Corporate | 6.2% | 6.1% | 6.0% |
| Others | 25.2% | 26.4% | 26.7% |
| Total | 100.0% | 100.0% | 100.0% |
Key Investors
- HDFC Mutual Fund
- Abakkus Group
- Al Mehwar Commercial Investments L.L.C. - (Noosa)
- Alchemy and Group
- Cohesion MK Best Ideas Sub-trust
- Madhusudan Kela and Group
- Motilal Oswal
- Whiteoak
- Carnelian Structural Shift Fund
Equity History
| Year | Event | Year End Equity Capital (Rs. mn) |
|---|---|---|
| 1974 | Initial Public Offering | 2.9 |
| 1987 | Rights Issue | 11.2 |
| 1992 | Rights Issue | 21.0 |
| 1994 | Rights Issue | 31.5 |
| 1995 | Bonus Issue | 41.9 |
| 2008 | Amalgamation | 48.1 |
| 2008 | Qualified Institutional Placement | 54.1 |
| 2014 | Preferential Convertible Warrants | 60.4 |
| 2014 | Qualified Institutional Placement | 63.4 |
| 2023 | Preferential allotment | 67.9 |
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
FINANCIAL STATEMENTS
Consolidated P&L Statement (Y-o-Y)
| Profit & Loss Statement (Rs. mn) | FY25 | FY26 |
|---|---|---|
| Revenue | ||
| Revenue from operations | 14,038.0 | 16,213.4 |
| Expenses | ||
| Cost of materials and components consumed | 6,469.4 | 8,420.2 |
| Change in inventory of finished goods and work-in-progress | 66.5 | (282.9) |
| Employee Benefit Expenses | 3,199.7 | 3,279.6 |
| Other Expenses | 2,719.2 | 2,969.7 |
| Total expenses excluding D&A | 12,454.8 | 14,386.6 |
| Operating Profit (EBITDA) | 1,583.2 | 1,826.8 |
| Depreciation and Amortization Expense | 692.9 | 766.1 |
| EBIT | 890.3 | 1,060.6 |
| Other Income | 228.0 | 297.1 |
| Finance Cost | 567.2 | 580.1 |
| PBT before exceptional items | 551.1 | 777.6 |
| Exceptional Items | 0.0 | 275.7 |
| PBT | 551.1 | 501.9 |
| Tax Expense | 120.7 | 177.8 |
| PAT | 430.4 | 324.1 |
| EPS | 63.4 | 47.7 |
| Margin (%) | ||
| Gross Margin | 53.4% | 49.8% |
| EBITDA margin | 11.3% | 11.3% |
| PAT margin | 3.1% | 2.0% |
| Y-o-Y Growth (%) | ||
| Total Revenue | (1.8)% | 15.5% |
| EBITDA | (0.7)% | 15.4% |
| PAT | (64.7)% | (24.8)% |
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
FINANCIAL STATEMENTS
Consolidated P&L Statement (Q-o-Q)
| Profit & Loss Statement (Rs. mn) | Q4FY25 | Q3FY26 | Q4FY26 |
|---|---|---|---|
| Revenue | |||
| Revenue from operations | 3,806.7 | 4,248.7 | 4,331.6 |
| Expenses | |||
| Cost of materials and components consumed | 1,740.2 | 2,266.5 | 2,342.3 |
| Change in inventory of finished goods and work-in-progress | 91.9 | (117.8) | (147.9) |
| Employee Benefit Expenses | 862.2 | 844.2 | 848.1 |
| Other Expenses | 733.0 | 755.3 | 803.0 |
| Total expenses excluding D&A | 3,427.3 | 3,748.2 | 3,845.5 |
| Operating Profit (EBITDA) | 379.4 | 500.5 | 486.1 |
| Depreciation and Amortization Expense | 172.5 | 196.5 | 193.4 |
| EBIT | 206.9 | 304.0 | 292.6 |
| Other Income | 125.8 | 58.8 | 69.2 |
| Finance Cost | 139.8 | 140.7 | 144.8 |
| PBT before exceptional items | 192.9 | 222.1 | 217.0 |
| Exceptional Items | 0.0 | 142.7 | 64.2 |
| PBT | 192.9 | 79.4 | 152.8 |
| Tax Expense | 32.0 | 21.7 | 27.2 |
| PAT | 160.9 | 57.7 | 125.6 |
| EPS | 23.7 | 8.5 | 18.5 |
| Margin (%) | |||
| Gross Margin | 51.9% | 49.4% | 49.3% |
| EBITDA margin | 10.0% | 11.8% | 11.2% |
| PAT margin | 4.2% | 1.4% | 2.9% |
| Y-o-Y Growth (%) | |||
| Total Revenue | 2.8% | 34.7% | 13.8% |
| EBITDA | (11.5)% | 27.4% | 28.0% |
| PAT | (71.8)% | 63.5% | (22.1)% |
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
FINANCIAL STATEMENTS
Consolidated Balance Sheet - Assets
| Balance Sheet (Rs. mn) | FY25 | FY26 |
|---|---|---|
| Assets | ||
| Non-current assets | ||
| Property, plant and equipment | 5,854.1 | 6,401.0 |
| Capital work in progress | 181.6 | 71.6 |
| Goodwill | 980.2 | 1,049.9 |
| Intangible assets | 256.8 | 242.6 |
| Right of use assets | 917.2 | 751.3 |
| Intangible assets under Development | 107.1 | 353.6 |
| Financial assets | ||
| Investments | 3.3 | 3.3 |
| Other financial assets | 68.1 | 62.2 |
| Income tax assets | 52.8 | 0.2 |
| Other non-current assets | 39.9 | 308.3 |
| Total non-current assets | 8,461.1 | 9,244.0 |
| Current assets | ||
| Inventories | 3,466.2 | 4,118.4 |
| Financial assets | ||
| Trade receivables / sundry debtors | 2,893.5 | 3,184.5 |
| Cash and cash equivalents | 331.1 | 525.2 |
| Bank balance other than cash and cash equivalents above | 127.9 | 151.3 |
| Loans | 19.5 | 21.6 |
| Other financial assets | 35.4 | 10.5 |
| Other current assets | 1,168.1 | 1,239.8 |
| Total current assets | 8,041.7 | 9,251.3 |
| Total assets | 16,502.8 | 18,495.3 |
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
FINANCIAL STATEMENTS
Consolidated Balance Sheet - Liabilities
| Balance Sheet (Rs. mn) | FY25 | FY26 |
|---|---|---|
| Equity and liabilities | ||
| Equity | ||
| Equity share capital | 67.9 | 67.9 |
| Other equity | 7,107.1 | 7,867.3 |
| Total shareholders fund | 7,175.0 | 7,935.2 |
| Non-current liabilities | ||
| Financial liabilities | ||
| Borrowings | 1,752.4 | 2,493.6 |
| Lease liabilities | 944.7 | 840.1 |
| Deferred tax liabilities (net) | 11.4 | 8.9 |
| Other non-current liabilities | 9.6 | 10.0 |
| Provisions | 338.9 | 505.6 |
| Total non-current liabilities | 3,057.0 | 3,858.2 |
| Current liabilities | ||
| Financial liabilities | ||
| Borrowings | 2,758.0 | 2,800.2 |
| Trade payables | 2,301.0 | 2,557.6 |
| Other financial liabilities | 561.1 | 614.3 |
| Lease liabilities | 257.4 | 245.0 |
| Other current liabilities | 171.2 | 141.9 |
| Income tax liabilities (net) | 99.5 | 162.1 |
| Provisions | 122.6 | 180.8 |
| Total current liabilities | 6,270.8 | 6,701.9 |
| Total equity and liabilities | 16,502.8 | 18,495.3 |
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
FINANCIAL STATEMENTS
Cash Flow Statement
| Cash Flow Statement (Rs. mn) | FY25 | FY26 |
|---|---|---|
| Cash flow from operating activities | ||
| Profit before tax after exceptional items | 551.1 | 501.9 |
| Adjustments: | ||
| Interest income | (11.5) | (12.3) |
| Loss on sale of property, plant and equipment (net) | 4.0 | 6.4 |
| Exceptional Items | - | 275.7 |
| Depreciation and amortisation expense | 442.3 | 527.8 |
| Finance costs | 487.5 | 518.4 |
| Interest on Lease liabilities | 67.9 | 61.7 |
| Amortisation on Right to use Assets | 250.6 | 238.4 |
| Write back of Liabilities | (69.9) | - |
| Gain on lease modification | (3.1) | - |
| Loss allowance on financial assets (net) | 0.6 | 27.8 |
| Interest on Income Tax refund | 0.0 | (9.8) |
| Unrealised foreign exchange differences loss/(gain) (net) | 13.6 | (136.7) |
| Operating cash flow before working capital changes | 1,733.1 | 1999.3 |
| Changes in operating assets and liabilities | ||
| Changes in inventories | (355.4) | (580.2) |
| Changes in trade receivables | 161.0 | (303.9) |
| Changes in loans | 26.4 | (1.0) |
| Changes in other financial assets | 84.9 | 1.7 |
| Changes in other assets | (446.7) | (247.5) |
| Changes in trade payables | 382.6 | 276.9 |
| Changes in other financial liabilities | (27.3) | (15.8) |
| Changes in provisions | 2.4 | 69.8 |
| Changes in other current liabilities | 17.2 | (141.9) |
| Cash generated from operations | 1,609.7 | 1,045.9 |
| Income taxes paid, net of refund | (166.4) | (92.5) |
| Net cash generated from operating activities (A) | 1,443.3 | 953.4 |
Note: Audited Financials Statements
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
FINANCIAL STATEMENTS
Cash Flow Statement
| Cash Flow Statement (Rs. mn) | FY25 | FY26 |
|---|---|---|
| Cash flows from investing activities | ||
| Purchase of property, plant and equipment and intangibles assets | (665.5) | (659.8) |
| Proceed from the sales of property, plant and equipment | - | 5.2 |
| Changes in bank deposits (having original maturity of more than three months), net | (22.1) | (25.4) |
| Interest received from bank deposits | 17.3 | 11.3 |
| Net cash used in investing activities (B) | (670.3) | (668.7) |
| Cash flows from financing activities | ||
| Proceeds of long-term borrowings | 289.1 | 1,358.7 |
| Repayment of long-term borrowings and lease liabilities (net) | (397.3) | (527.3) |
| Proceeds/(Repayment) from short term borrowings (net) | (12.6) | (143.7) |
| Payment in lease liabilities | (309.1) | (290.9) |
| Interest paid | (486.3) | (503.0) |
| Dividend paid | (47.5) | (34.0) |
| Net cash (used in) by financing activities (C) | (963.7) | (140.2) |
| Net decrease in cash and cash equivalents (A + B + C) | (190.7) | 144.5 |
| Cash and cash equivalents at the beginning of the year | 508.3 | 331.1 |
| Effect of exchange rate changes on cash and cash equivalent | 13.5 | 49.6 |
| Cash and cash equivalents at the end of the year | 331.1 | 525.2 |
Note: Audited Financials Statements
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
IMPORTANT NOTICE
This presentation contains statements that contain ‘forward looking statements’ including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Dynamic Technologies’ (‘Dynamic’ or the ‘Company’) future business developments and economic performance.
While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations.
These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance.
Dynamic undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.
© 2026 Proprietary Information of Dynamic Technologies Limited
DYNAMATIC TECHNOLOGIES LIMITED
CONTACT DETAILS
Mr. Chalapathi P
Executive Director and Chief Financial Officer
E: [email protected]
Mr. Shivaram V
Chief Legal Officer and Company Secretary
E: [email protected]
Dynamatic Technologies Limited
JKM Plaza Dynamatic Aerotropolis
55 KIADB Aerospace Park
Bangalore 562 149 India
T: +91 80 2111 1223 / 2204 0535
www.dynamatics.net
CIN: L72200KA1973PLC002308
© 2026 Proprietary Information of Dynamatic Technologies Limited