O'fNAMATIC TECHNOLOGIES LIMITED

To,	To,
The Secretary	The Secretary
Bombay Stock Exchange Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	"Exchange Plaza"
Dalal Street	Bandra-Kurla Complex Bandra East
Mumbai - 400 001.	Mumbai - 400 051.
FaxNo.022- 2272312113719120371	Fax No.022- 26598237 I 38 I 26598346
2039 I 2041 I 2061

Sub: Board Meeting outcome Ref: Scrip code: NSE: DYNAMATECH; BSE: 505242

Dear Sir,

We write to inform you that the Board, at its meeting held today, i.e. 14th November 2018, considered and approved the following:

1. Further to our earlier communication with regard to divestment of Auto division at Chennai, the board after evaluation of various bids received from the prospective buyers, has approved the proposal received from Mls. Hi-Tech Arai Private Limited. Pursuant to this, the Company will finalise a definitive sale agreement with Hi-Tech and The transaction is expected to be successfully closed shortly. We will keep the exchanges informed upon execution of a firm agreement with Hi-Tech.
1. The Board re-designated Mr. PS Ramesh Executive Director & Chief Operating Officer, Aerospace India as "Executive Director - Technical and Human Resources".
1. Mr. James Tucker Managing Director of Dynamatic limited, UK and the Non-Executive Director of the Company, has been appointed as "Global Chief Operating Officer - Aerospace".
1. The Standalone and Consolidated un-audited Financial Results for the quarter and half year ended 30th September, 2018 and the Limited review report by Statutory Auditors of the Company was approved by the Board. Copy of the un-audited financial results have been enclosed in compliance with the provisions of Regulation 30 of SEBI (LODR) Regulations, 2015.

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

Thank you. Yours faithfully, 'lr::A:A;~TED

~; ~ :ndra P Company Secretary and Compliance Officer Enclosure: as above

Dynamatic Park Peenya Bangalore 560 058 India Tel +9 1 80 2839 4933/34/35 Fax +91 80 2839 5823 www .dynarnatics.corn

Corporate Ident ity Number: 1.72200KA 1973PLC002308

B S R & Co, LLP

Chartered Accountants

Maruthi lnfo~Tech Centre 11-12/1 Inner Ring Road Koramangala Bangalore 560 071 India

Telephone: + 91 80 3980 6000 Fax: + 91 80 3980 6999

Limited review report on unaudited quarterly and ycnr to date standalone financial results of Dymunatic Technologies Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of Dynamatic Technologies Limited

We have reviewed the accompanying statement of unaudited standalone financial results ('the Statemenf) of Dynamatic Technologies Limited ('the Company') for the quarter ended 30 September 2018 and the year-to-date results for the period from I April 20 I 8 to 30 September 2018, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations~ 2015~ ('Listing Regulations').

This statement is the responsibility of the Company's Management and has been approved by the Board of Directors in the meeting held on 14 November 2018. Our responsibility is to issue a reporl on these financial results based on our revie\V.

We conducted our revie·w in accordance with the Standard on Reviev.,, Engagement ('SRE') 2410, Review c~f fnlerim Financiall!?fbrmation Pqf'ormed h_v lhe Independent Auditor qfthe Entity specified under section 143(10) of the Companies Act, 2013. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial results are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable accounting standards i.e. lnd AS prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement

forB S R & Co, LLP

Chartered Accountants 101248W/W-100022

Su reet Sachdev Partner Membership No.: 205385

Place: Bengaluru Date: 14 November 2018

13 S R & Co. (a partnership firm with Registration No. BA612.23) converted into B S R & Co. LLP (a Limited Liability Partnership with l.LP Registration No. MB-8181) with effect from October 14, 2013

Renlsterad Office: 1st Floor, Lodha Excelus Apollo Mills Compound N.M. Joshi Marg, Mahalakshmi Mumbai • 400 011

$\begin{array}{c} \textbf{DYNAMATIC TECHNOLOGIES LIMITED} \ \textbf{CIN: L72200KA1973PLCO02308} \ \textbf{DYNAMATIC PARK, PEENYA, BENGALJIRU-560 058, INDIA} \end{array}$

cial results for the quarter and six months ended 30 September 2018 PARTI-SIN r.
Geografia

		Quarter caded		Six months ended	(Rs in lacs, except as otherwise stated) Year ended
SI. No	Particulars	30 September 2018 (Unaudited)	30 June 2018 (Unaudited)	30 September 2017 (Unaudited)	30 September 2018 (Unaudited)	30 September 2017 (Unaudited)	31 March 2018 (Audited)
	Continning operations
	Income
	a) Revenue from operations	14,658	13,987	11,969	28,645	21.724	48,832
	b) Other income	331	317	170	648	287	647
	Total income (a+b)	14,989	14,304	12,139	29,293	22,011	49,479
2
	Expenses a) Cost of raw materials and components consumed	6,894	6,526	4,665	13,420	9,325	22,311
	b) Changes in inventories of finished goods and work-in-progress	63	303	1,003	366	311	(154)
	c) Excise duty					440	440
	d) Employee benefits expense	1,820	1,766	1,717	3,586	3,287	7,179
	c) Finance costs	1,659	1,591	1,522	3,250	3,054	6.328
	f) Depreciation and amortisation expense	496	505	508	1,001	992	1,964
	g) Other expenses	2,511	2,277	2,221	4,788	4,547	9,206
	Total expenses (a+b+c+d+c+f+g)	13,443	12,968	11,636	26,411	21,956	47,274

з	Profit before exceptional items and tax $(1 - 2)$	1,546	1,336	503	2,882	55	2,205
	Exceptional item	z			×.
5	Profit from continuing operations before tax (3 - 4)	1,546	1,336	503	2,882	55	2,205

6	Tax expense/ (credit) a) Current tax	616	604	17	1,220	17	632
	b) Deferred tax	(100)	(137)	$^{(1)}$	(237)	(1)	62
	Total tax, net (a+b)	516	467	16	983	16	694

7	Profit for the period from continuing operations (5 - 6)	1,030	869	487	1,899	39	1,511
8	Discontinued operations (refer note 5) Profit/ (loss) from discontinued operations	68	(88)	(463)	(20)	(872)	(1.652)

9	Tax expense/ (credit) of discontinued operations	24	(31)	(261)	(7)	(261)	(520)
10	Profit/ (loss) from discontinued operations after taxes (8-9)	44	(57)	(202)	(13)	(611)	(1.132)
11	Profit/ (loss) for the period (7 + 10)	1,074	812	285	1,886	(572)	379
12	Other comprehensive income
	Items that will not be reclassified to profit or loss
	Remeasurement of defined benefit plans	141	(55)	(146)	86	(226)	(217)
	Income tax relating to items that will not be reclassified to profit or loss	(49)	19	68	(30)	68	75
	Other comprehensive income for the period, net of tax	92	(36)	(78)	56	(158)	(142)
13	Total comprehensive income for the period $(11 + 12)$	1,166	776	207	1,942	(730)	237
14	Paid-up equity share capital (face value of Rs 10 each)	634	634	634	634	634	634
15	Reserves						47,954
16	Earnings per share	(not annualised)	(not annualised)	(not annualised)	(not annualised)	(not annualised)	(annualised)
	Earnings per share (for continuing operations)
	Basic (Rs)	16.25	13.71	7.68	29.96	0.62	23.83
	Diluted (Rs)	16.25	13.71	7.68	29.96	0.62	23.83
	Earnings per share (for discontinued operations)
	Basic (Rs)	0.69	(0.90)	(3.19)	(0.21)	(9.64)	(17.85)
	Diluted (Rs)	0.69	(0.90)	(3.19)	(0.21)	(9.64)	(17.85)

	Earnings per share (for continuing and discontinued operations)
	Basic (Rs)	16.94	12.81	4.49	29.75 29.75	(9.02) (9.02)	5,98 5.98
	Diluted (Rs)	16.94	12.81	4.49

$\begin{array}{c} \textbf{DYNAMATIC TECINOLOGIES}\ \textbf{LIMITED}\ \textbf{CIN: L72200KA1973PLCO02308}\ \textbf{DYNAMATIC PARK, PEENYA, BENGALURU-560 058, INDIA}\ \end{array}$

Annexure - IV: Statement of standalone segment wise revenue, results, assets and liabilities for the quarter and six months ended 30 September 2018

							(Rs in lacs)
St			Quarter ended		Six months ended	Year ended
No.	Particulars	30 September 2018 (Unaudited)	30 June 2018 (Unaudited)	30 September 2017 (Unaudited)	30 September 2018 (Unaudited)	30 September 2017 (Unaudited)	31 March 2018 (Audited)
	Segment revenue
	a) Hydraulics	6,478	6,263	5,606	12,741	10,529	22,354
	b) Aerospace and Defence	8,078	7,404	6,097	15,482	10,676	25,251
	c) Others	102	320	266	422	519	1,227
	Revenue from operations (continuing operations)	14,658	13,987	11,969	28,645	21,724	48,832
	d) Automotive and Aluminum castings (discontinued operations) (refer note 5)	1.938	1.974	1,913	3,912	4,018	8,063
	Total Revenue from operations (continuing and discontinued operations)	16,596	15,961	13,882	32,557	25,742	56,895
	Segment results [profit / (loss) before finance costs,
	exceptional items, other income and tax from each segment]
	a) Hydraulics	868	628	556	1,496	944	2,273
	b) Acrospace and Defence	2,313	2,044	1,480	4,357	2,228	6.020
	c) Others	(307)	(62)	(181)	(369)	(350)	(407)
	Total (continuing operations)	2,874	2,610	1,855	5,484	2,822	7,886
	d) Automotive and Aluminum castings (discontinued operations) (refer note 5)	68	(88)	(463)	(20)	(872)	(1,652)
	Total (continuing and discontinued operations)	2,942	2,522	1,392	5,464	1,950	6,234
	Unallocable
	- Finance costs	1,659	1,591	1,522	3,250	3,054	6,328
	- Exceptional expense
	- Other income	331	317	170	648	287	647
	Profit before tax (continuing and discontinued operations)	1,614	1,248	40	2,862	(817)	553
$\overline{\mathbf{3}}$	Segment assets
	a) Hydraulics	13,432	13,769	12,121	13,432	12,121	14,183
	b) Acrospace and Defence	39,895	39,233	38,903	39,895	38,903	39,651
	c) Others	2,049	2,756	1,376	2,049	1,376	2,564
	d) Automotive and Aluminum castings (continuing operations)			15,252		15,252	15,936
	e) Unallocated	56,491	56,567	65,729	56,491	65,729	56,451
	Segment assets from continuing operations	111,867	112,325	133,381	111,867	133,381	128,785
	f) Automotive and Aluminum castings (discontinued operations) (refer note 5)	16,610	15,976	ä	16,610
	Segment assets (continuing and discontinued operations)	128,477	128,301	133,381	128,477	133,381	128,785
	Segment liabilities
	a) Hydraulics	6,994	6,915	5,535	6,994	5,535	7,254
	b) Aerospace and Defence	5,428	5,404	5,843	5,428	5,843	5,649
	c) Others	425	725	320	425	320	378
	d) Automotive and Aluminum castings (continuing operations)			4.480		4.480	4.486
	c) Unallocated	60,852	61.926	60,096	60,852	60.096	62,430
	Segment liabilities from continuing operations	73,699	74,970	76,274	73,699	76,274	80,197
	f) Automotive and Aluminum castings (discontinued operations) (refer note 5)	4,401	3,967		4.401
	Segment liabilities (continuing and discontinued operations)	78,100	78,937	76,274	78,100	76,274	80,197

DYNAMATIC TECIINOLOGIES LIMITED CIN: L72200KAI9731'LC002308 DYNAMA TIC PARK, PEENYA, BENGALURU-560 058, INDIA

</l}<>

Standalone Balance sheet as at
Particulars	30 September 2018 iUnaudite <l}< th="">	31 March 20 18 {Audited)	31 March 20 18 _{Audited)
ASSETS
Non-current assets
a) Property. plant and equipment	23,900	34,987
b) Capital work-in-progress	42	384
c) Other intangible assets	52	74
d) Financial assets
(i) Investments	53,510	53,5 10
(ii) Loans	752	790
(iii) Otlrer financial assets	I 8	18
e) Other non-current assets	341	360
Total non-current assets	78,615	90,123
Current assets
a) Inventories	10,675	12,065
b) Financial assets
(i) Trade receivables	12,267	14,202
(ii) Cash and cash equivalents	3 18	364
(iii) Bank balance other than (ii) above	2,279
(iv) Loans		2,2 15
(v) Other financial assets	267	291
	1,576	1,938
d) Other curTent assets Total current assets	5,870	7,587
	33,252	38,662
Disposal group- assets held for sale II (refer note 5)	16,610
TOTAL ASSETS	128,477	128,785
EQUITV AND LIABILITIES
EC(Uity
a) Equity share capital	634	634
b) Other equity	49,743	47,954
Total equity	50,377	48,588
Liabilities
Non-current liabilities
a) Financial liabilities
(i) Borrowings	35,653	36,186
(ii) Other financial liabilities	374	364
b) Provisions	1,443	1,633
c) Deferred tax liabilities (net)	5,682	5,896
Total non-current liAbilities	43,152	44,079
Current liabilities
a) Financial liabilities
(i) Borrowings	15,917	18,459
(ii) Trade payables
(iii) Other financial liabilities	9, 183	12, 160
b) Provisions	3,353	4, 192
	346	359
c) Current lax liabilities (net)	1,585	380
d) Other current liabilities Total current linbililics	163 30,547	568
		36,1 18
Disposal group- liabilities directly associated with assets held for sale II (refer note 5)	4,401	-
TOTAL EQUITV AND LIABILITIES	128,477	128,785

1111te Company is required to measure the '"Asset held for sale'' and "Liabilities directly associated with assets held for sale" at its carrying amount or the fair value less costs to sell, whichever is lower. As the fair value less costs to sell is higher than the carrying value. the .. asset held for sale" is measured at carrying value.

DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAI973PLC002308 DYNAMATIC PARK, PEENY A, BENGALURU-560 058, INDIA

Unaudited standalone financial results for the quarter and six months ended 30 September 2018

Notes:

I. The above Statement of unaudited standalone financial results ('the Statement') of Dynamatic Technologies Limited ('the Company') for the quarter and six months ended 30 September 2018 has been reviewed by the Audit Committee and thereafter approved by the Board of Directors in their meeting held on 14 November 2018.
1. The figures for the quarter and six months ended 30 September 2018 was subjected to "Limited Review" by Statutory Auditors of the Company. The review report of the Statutory Auditors is being filed with Bombay Stock Exchange ("BSE") and National Stock Exchange ("NSE") and is also available on the Company's website at www.dynamatics.com.
1. Pursuant to the provisions of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, the Management has decided to publish unaudited consolidated financial results in the newspapers. However, the unaudited standalone financial results of the Company will be made available on the Company's website www.dynamaties.com and also on the website of BSE (.~sww.bseindia.com) and NSE (www.nseindia.com).
1. Based on the "management approach" as defined in Ind AS I 08 Operating Segments, the Chief Operating Decision Maker evaluates the Company performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along with these business segments viz., Hydraulics, Aerospace and Defence, Automotive and Aluminum Castings and Others. The accounting principles used in the preparation of these financial results are consistently applied to record revenue and expenditure in individual segments.

5. Discontinued operations

During the previous year ended 31 March 2018, the Board of Directors of the Company vide its meeting dated 28 February 2018 had approved the divestment of "Automotive and Aluminum Castings" segment of the Company.

During the six month ended 30 September 2018, the Company has obtained the Shareholders' approval vide postal ballot dated 15 May 2018 and has accordingly disclosed the Automotive and Aluminum Castings segment as "Asset held for sale". As the "asset held for sale" represent a segment in the standalone financial results of the Company, the same has been disclosed as "Discontinued operations" in accordance with lnd AS 105 (refer Annexure IV ofthe Statement).

Subsequently, the board of directors of the Company vide its meeting dated 14 November 2018, after evaluation of various bids received from the prospective buyers, has approved the proposal received from M/s. 1-1 i-Tech Arai Private Limited. Pursuant to this, the Company will finalise a definitive sale agreement with I-Ii-Tech and the transaction is expected to be successfully closed shmtly.

Automotive and Aluminum castings segment was not previously classified as held-for-sale as a discontinued operation. The comparative information in the unaudited standalone financial results has been represented to show the discontinued operation separately from continuing operations.

At 30 September 20 !8, the discontinued segment has been stated at carrying amount (being lower of their fair value less costs to sell) and comprises the following assets and liabilities:

_ (Rs in/ac,\1
Amount
10,6~~
168
989
1,305
~-· ~- 3,496
16,610
788
2,492
1, 121
--4,401

Notes (continued)

Effective 1 April 20 18, the Company has adopted lnd AS 11 5 "Revenue from Contracts with Customers" using the cumul ative effect method. The standard is applied retrospectively only to contracts that were not completed as at the date of 1 Apri l 2018 and the comparative information is not restated in the unaudited standalone financial results. The adoption of the standard did not have any material impact to the unaudited standalone financial results ofthe Company.

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

Udayant Malhoutra CEO and Managing Director

Place: Bengaluru Date: 14 November 20 18

B S R & Co. LLP

Chartered Accountants

Maruthi lnfo~Tech Centre 11-12/1 Inner Ring Road Korarnangala Bangalore 560 071 India

Telephone: + 9'1 80 3980 6000 Fax: + 91 80 3980 6999

Limited review report on unaudited quarterly and year to date consolidated financial results of Dynamatic Technologies Limited Pur·suant to the Regulation 33 of the Secm·ities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of Dynamatic Technologies Limited

We have reviewed the accompanying statement of unaudited consolidated financial results ("the Statement") of Dynamatic Technologies Limited ("the Company"), and its subsidiaries (collectively referred to as "the Group") as listed in Annexure I fur the quarter ended 30 September 2018 and the year-to-date results for the period Ji·om I April 20 I8 to 30 September 20 I8 attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 20 IS ('Listing Regulations').

This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors in their meeting held on I4 November 20I8. Our responsibility is to issue a report on these statement based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 24I 0, 'Review of Interim Financial InfOrmation Pel:fOrmed by the Independent Auditors of the Entity' specified under Section 143(10) of the Companies Act 20I3. This standard require that we plan and perform the review to obtain moderate assurance about whether the consolidated financial results are free of material misstatements. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide Jess assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

a. We did not review the financial results of five subsidiaries (incorporated outside India) included in the Statement whose financial results reflect total revenues (including other income) of INR 19,949 lakhs and INR 4I ,866 lakhs fur the quarter ended 30 September 20 I8 and period from I April 2018 to 30 September 2018 respectively and total assets of INR 69, I73 lakhs as at 30 September 20 I8. The financial results ofthese subsidiaries have been prepared in accordance with the accounting principles generally accepted in their respective countries. The Company's Management has converted the financial results of these subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. This has been done on the basis of a reporting package prepared by the Company which covers accounting requirements applicable to the Statement under the generally accepted accounting principles in India. The reporting packages made for this purpose have been reviewed by the other auditors and reports for consolidation purposes of those other auditors have been furnished to us. Our opinion on the Statement, in so far as it relates to the financial results of such subsidiaries located outside India is based solely on the aforesaid review reports of these other auditors.

Ragil;terod Offica: 1st Floor, Lodha Excel us Apollo Mills Compound N.M. Joshi Marg, Mahalakshmi Mumbai -400 011

Limited review report on unaudited quarterly and yem· to date consolidated financial results of Dynamatic Technologies Limited Pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Continued)

b. We did not review the financial results of three subsidiaries, included in the statement whose financial results reflect total revenues (including other income) of INR 112 lakhs and INR 135 lakhs for the quarter ended on 30 September 2018 and period from I April 2018 to 30 September 2018 respectively and total assets of INR 8,064 lakhs as at 30 September 2018. These financial results are unaudited and have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts included in respect of these subsidiaries, is based solely on such unaudited financial information. In our opinion and according to the information and explanations given to us by tl1e Management, these financial results are not material to the Group.

Our conclusion on the Statement is not modified in respect of the above matters with respect to the reports of the other auditors and the financial results certified by the Management

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with applicable accounting standards i.e. lnd AS prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.

for B S R & Co. LLP Chartered Accountants Firm registration number: 101248W/W-100022

s~ Partner

Membership No.: 205385

Place: Bengaluru Date: 14 November 2018 Annexure I to the Limited Review Report

List of entities included in the unaudited consolidated financial results:

Nature	S.no	Entity name
Subsidiaries I		JKM Research Farm Limited
2		JKM Global Pte Ltd
	3	Dynamatic Limited, UK
4		Yew Tree Investments Limited, UK
5		Dynamatic US LLC
6		JKM Erla Automotive Limited
7		JKM Automotive Limited
8		JKM Erla Holdings GmbH, Germany
9		Eisenwerk Erla GmbH, Germany
	10	JKM Ferroteeh Limited

$\begin{array}{c} \text{DYNAMATIC TECHNOLOGIES LIMITED}\ \text{CIN: 1,72200KA1973PLCO02308}\ \text{DYNAMATIC PARK, PEENYA, BENGALURU-560 058, INDIA} \end{array}$

PART 1 - Statement of unaudited consolidated financial results for the quarter and six months ended 30 September 2018

			Quarter ended		Six months ended	(Rs in lacs, except as otherwise stated) Year ended
SI. No.	Particuars	30 September 2018	30 June 2018	30 September 2017	30 September 2018	30 September 2017	31 March 2018
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	Continuing operations
	Incosme
	a) Reveue from operations	36,988	37,900	32,294	74,888 759	62,545	132,779 578
	b) Other income	282	477	127	75,647	360	133,357
	Total iscome (a+b)	37,270	38,377	32,421		62,905
$\mathbf{2}$	Expenses
	a) Cost of raw materials and components consumed	17,514	21,853	14,879	39,367	31,002	67,384
	b) Claanges in inventories of finished goods and	1,832	(1,992)	1,694	(160)	630	(143)
	work-in-progress
	c) Excuse duty					670	670
	d) Ermployee benefits expense	6,311	6,455	5,733	12,766	11,386	23,839
	e) Firance costs	1,965	1,871	1,799	3,836	3,623	7,442
	f) Depreciation and amortisation expense	1,233	1,289	1,258	2,522	2,434	4,733
	g) Other expenses	7,076	7,442	6,580	14,518	13,063	27,049
	Total expenses (a+b+c+d+e+f+g)	35,931	36,918	31,943	72,849	62,808	130,974

3	Profit before exceptional items and tax (1-2)	1,339	1,459	478	2,798	97	2,383
	Exceptional item			۵	×	÷.
4
5	Profit from continuing operations before tax (3 - 4)	1,339	1,459	478	2,798	97	2,383

6	Tax expense/ (credit)
	a) Current tax	682	785	(119)	1,467	37	1,141
	b) Deferred tax	(131)	(159)	265	(290)	265	38
	Total tax, net (a+b)	551	626	146	1,177	302	1,179

7	Profit/(loss) for the period from continuing operations (5 - 6)	788	833	332	1,621	(205)	1,204


	Discontinued operations (refer note 6)
8	Profit/ (loss) from discontinued operations	68	(88)	(463)	(20)	(872)	(1,652)

9	Tax expenses/ (credit) of discontinued operations	24	(31)	(261)	(7)	(261)	(520)
10	Profit/(loss) from discontinued operations after taxes (8-9)	44	(57)	(202)	(13)	(611)	(1, 132)
		832	776	130	1,608	(816)	72
11	Profit/ ${loss}$ for the period $(7 + 10)$
12	Other comprehensive income
	(i) Items that will not be reclassified to profit or loss
	Remeasurement of defined benefit plans	141	(55)	(145)	86	(226)	(214)
	Income tax relating to items that will not be reclassified to profit or	(49)	19	68	(30)	68	75
	oss
	(ii)Items that will be reclassified to profit or loss
	Exchange differences in translating financial statements of foreign	1,284	(477)	447	807	1,075	2,365
	operations
	Other comprehensive income for the period, net of tax	1,376	(513)	370	863	917	2,226

13	Total comprehensive income for the period $(11 + 12)$	2,208	263	500	2,471	101	2,298

14	Paid-up equity share capital (face value of Rs 10 each)	634	634	634	634	634	634

15	Reserves						30,750
		(not annualised)	(not annualised)	(not annualised)	(not annualised)	(not annualised)	(annualised)
16	Earnings per share Earnings per share (for continuing operations)
	Basic (Rs)	12.43	13.14	5.24	25.57	(3.23)	18.99
	Diluted (Rs)	12.43	13.14	5.24	25.57	(3.23)	18.99

	Earnings per share (for discontinued operations)
	Basic (Rs)	0.69	(0.90)	(3.19)	(0.21)	(9.64)	(17.85)
	Diluted (Rs)	0.69	(0.90)	(3.19)	(0.21)	(9.64)	(17.85)

	Earnings per share (for continuing and discontinued operations)
	Basic (Rs)	13.12	12.24	2.05	25.36	(12.87)	1.14
	Diluted (Rs)	13.12	12.24	2.05	25.36	(12.87)	114

$\begin{minipage}{.4\textwidth} \begin{tabular}{c} \bf{D}YNAMATICTECHNOLOGIES LIMITED \ \bf{CIN: L72200KA1973PLCO02308 \ \bf{D}YNAMATIC PARK, PEENYA, BENGALURU-560 058, INDIA \ \end{tabular} \end{minipage}$

Annexure - IV: Statement of consolidated segment wise revenue, results, assets and liabilities for the quarter and six months ended 30 September 2018

							(Rs in lacs)
SI.			Quarter ended		Six months ended	Year ended
No.	Part Edars	30 September 2018	30 June 2018	30 September 2017	30 September 2018	30 September 2017	31 March 2018
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
$\mathbf{I}$	Segna of revenue
	a) Hydaulics	9,217	8,841	7,904	18,058	14,770	31,549
	b) Acrispace and Defence	11,433	11,157	8,978	22,590	16,029	35,636
	c) Automotive and Aluminum castings (continuing operations)	16,340	17,899	15,395	34,239	31,718	65,558
	d) Others	(2)	E.	17		28	36
	Reverne from continuing operations	36,988	37,900	32,294	74,888	62,545	132,779
	e) Autommotive and aluminium castings (discontinued operations) (refer fote 6)	1,938	1,974	1,913	3,912	4,018	8,063
	Total twenue from operations (continuing and discontinued operations)	38,926	39,874	34,207	78,800	66,563	140,842
$\overline{2}$	Segnient results [profit / (loss) before finance costs, exceptional items, other income and tax from each segment]
	a) Hy diaulics	953	549	819	1,502	1.161	2,732
	b) Aerospace and Defence	2,524	2,386	1,669	4,910	2,610	6,816
	c) Automotive and Aluminum castings (continuing operations)	11	341	145	352	541	1,530
	d) Othes	(466)	(423)	(483)	(889)	(952)	(1, 831)
	Total from continuing operations	3,022	2,853	2,150	5,875	3,360	9,247
	e) Autommotive and aluminium castings (discontinued operations) (refer note 6)	68	(88)	(463)	(20)	(872)	(1,652)
	Total (continuing and discontinued operations)	3,090	2,765	1,687	5,855	2,488	7,595
	Unall otable
	- Finance costs	1,965	1,871	1,799	3,836	3,623	7,442
	- Exceptional expense
	- Other income	282	477	127	759	360	578
	Profit before tax (continuing and discontinued operations)	1,407	1,371	15	2,778	(775)	731
3	Segment assets
	a) Hydraulics	24,339	24,039	21,426	24,339	21,426	24,269
	b) Aerospace and Defence	54,016	53,540	52,212	54,016	52,212	52,218
	c) Automotive and Aluminum castings (continuing operations)	44,084	44.375	54,013	44,084	54,013	51,985
	d) Others	3,500	4,366	8,936	3,500	8,936	7,116
	e) Unallocated	3,936	3,852	4,402	3,936	4,402	6,306
	Segment assets from continuing operations	129,875	130,172	140,989	129,875	140,989	141,894
	f) Automotive and Aluminum castings (discontinued operations) (refer note 6)	13,229	13,246		13,229
	Segment assets (continuing and discontinued operations)	143,104	143,418	140,989	143,104	140,989	141,894
4	Segment liabilities
	a) Hydraulics	8,800	9,143	7,627	8,800	7,627	8,771
	b) Aerospace and Defence	7.147	7,145	6,407	7,147	6,407	7,044
	c) Automotive and Aluminum castings (continuing operations)	14,290	16,616	21,379	14,290	21,379	19,600
	d) Others	409	721	441	409	441	434
	e) Unallocated	74,540	74,517	71,639	74,540	71.639	74,661
	Segment liabilities from continuing operations	105,186	108,142	107,493	105,186	107,493	110,510
	f) Automotive and Aluminum castings (discontinued operations) (refer note 6)	4,401	3,967		4,401
	Segment liabilities (continuing and discontinued operations)	109,587	112,109	107,493	109,587	107,493	110,510

$\begin{array}{c} \text{DYNAMATICTECHNOLOGIES LIMITED} \ \text{CIN: L72200KA1973PLC002308} \end{array}$ DYNAMATIC PARK, PEENYA, BENGALURU-560 058, INDIA

Consolidated Balance sheet as at		(Rs in lacs)
Particulars	30 September 2018	31 March 2018
	(Unaudited)	(Audited)
ASSETS
Non-current assets
a) Property, plant and equipment	55,160	67,022
b) Capital work-in-progress	466	817
c) Goodwill	9,867	9,513
d) Other intangible assets	2.657	2,735
c) Financial assets
(i) Investments	61	60
(ii) Loans	1,595	1,291
	18	18
(iii) Other financial assets
f) Income tax asset (net)		23
g) Other non-current assets	424	476
Total non-current assets	70,248	81,955
Current assets
a) Inventories	28,381	28,305
b) Financial assets
(i) Trade receivables	19,316	18,610
	1,639	3,988
(ii) Cash and cash equivalents
(iii) Bank balance other than (ii) above	2,279	2,277
$(iv)$ Loans	313	295
(v) Other financial assets	109
d) Other current assets	7,590	6,464
Total current assets	59,627	59,939
Disposal group- assets held for sale # (refer note 6)	13,229
TOTAL ASSETS	143,104	141,894


EQUITY AND LIABILITIES
Equity
a) Equity share capital	634	634
(b) Other equity	32,883	30,750
Total equity	33,517	31,384
Liabilities
Non-current liabilities

a) Financial liabilities
(i) Borrowings	40,332	42,867
(ii) Other financial liabilites	374	333
b) Provisions	1,478	1,669
c) Deferred tax liabilities (net)	2,281	2,511
d) Other non-current libilities	40	101
Total non-current liabilitics	44,505	47,481

Current liabilities
a) Financial liabilities
(i) Borrowings	23,146	22,092
(ii) Trade payables	22,706	26,314
(iii) Other financial liabilities	10, 112	10,618
b) Current tax liabilities (net)	2,459	1,125
c) Other corrent liabilities	1,175	1,804
d) Provisions	1,083	1,076
Total current liabilities	60,681	63,029

Disposal group- liabilities directly associated with assets held for sale $#$ (refer note)	4,401
l6).

TOTAL EQUITY AND LIABILITIES	143,104	141,894

TOTAL EQUITY AND LIABILITIES 143,104 143,104 143,104 161 The Company is required to measure the "Asset held for sale" and "Liabilities directly associated with assets held for sale" at its carrying amount or the fair value value, the "asset held for safe" is measured at carrying value.

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()YNAMATIC TECHNOLOGIES LIMITED DYNAMATIC PARI( , PEENYA, BENGALURU-560 058, INDIA

Unaudited consolidated financial results for the (Juarter and six months ended 30 September 2018

Notes:

I. 'fhe above statement of consolidated 11nancial results ("the Statement") ofDynamatic Technologies Limited ("the Company") and its subsidiaries [collectively known as "the Group"], are prepared in accordance with applicable accounting standards i.e., Ind AS prescribed under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The consolidated figures above includes figures of the subsidiaries as mentioned in Appendix I to this notes.
1. The Statement of the Group for the quarter and six months ended 30 September 20 18 has been reviewed by the Audit Committee and thereafter approved by the Board of Directors in their meeting held on 14 November 20 18. The figures for the quarter and six months ended 30 September 20 18 was subjected to "Limited Review" by the Statut01y Auditors of the Company. The review report of the Statutory Auditors is being filed with the Bombay Stock Exchange ("BSE") and the National Stock Exchange ("NSE") and is also available on the Company's website at www.dynamatics.com.
1. Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Management has decided to publish unaudited consolidated financial results in the newspapers. However, the unaudited standalone financial results of the Company will be made available on the Company's website at www dynamati_«_~ com and also on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).
1. Based on the "Management approach" as defined in Ind AS 108 Operating Segments, the Chief Operating Decision Maker evaluates the Group performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along with these business segments viz. Hydraulics, Aerospace and Defence, Automotive and Aluminum Castings and Others. The accounting principles used in the preparation of these financial results are consistently applied to record revenue and expenditure in individual segments.
1. Effective I April2018, the Group has adopted Tnd AS 115 "Revenue from Contracts with Customers" using the cumulative effect method. The standard is applied retrospectively only to contracts that were not completed as at the date of I April2018 and the comparative information is not restated in the unaudited consolidated financial results. The adoption of the standard did not have any material impact to the unaudited consolidated financial results of the Group.

6. Discontinued opcnttions

":;

During the six month ended 30 September 2018 , the Company has obtained the Shareholders' approval vide postal ballot dated 15 May 2018 and has accordingly disclosed the net assets of Automotive and Aluminum Castings of standalone segment as "Asset held for sale" As the "asset held for sale" represent a segment in the standalone financial results of the Company and qualifies to be a cash generating unit, the same has been disclosed as "Discontinued operations" in accordance with Tnd AS I 05.

Automotive and Aluminum castings of standalone segment was not previously classified as held-for-sale as a discontinued operation. The comparative information in the unaudited consolidated financial results has been represented to show the discontinued operation separately from continuing operations.

Subsequently, the board of directors of the Company vide its meeting dated 14 November 20 18, after evaluation of various bids received from the prospective buyers, has approved the proposal received n·om M/s. Hi-Tech Arai Private Limited. Pursuant to this, the Company will finalise a definitive sale agreement with Hi-Tech andJp(!transaclion is expected to be successfully closed shortly.

Discontinued operations (continued)

The details of standalone segment pertaining to the discontinued operations are as follows:

					----·-·-·-·	(1/s in lacs)
		Quarter ended		Six months ended	Year ended
Particulars	30 September 2018 (lJnaudited)	30 June 2018 (Unaudited)	--··------ ---- 30 September 2017 (Unaudited)	30 September 2018 (Unaudited)	30 September 2017 (Unaudited)	-···---~·~····--- 31 March 2018 (Audited)
Total Revenue (A)	1,938	1,974	1,913	3,912	4,018	8,063
--- Total expenses (B)	1,870	2,062	2,376	3,932	4,890	9,715
Profit/ (loss) before tax (C=A B)	68	(88)	(463)	(20)	(872)	(1,652)
Tax charge/( credit) (D)	24	(31)	(261)	(7)	(261)	(520)
Profit/ (loss) from discontinued operations (C-D)	44	(57) --	(202)	(13)	(611)	(1,132) -·-

At 30 September 2018 the discontinued segment as appearing in the standalone financial results has been stated at carrying amount (being lower of their fair value less costs to sell) and comprises the following assets and liabilities:

	(II> in/an)
Particulars	Amount
Property, plant and equipment	10,652
Non-current assets other than property, plant and equipment	168
Inventories	989
Trade receivables	c·-:-- I ,305
Other current assets	115
DisrJOsal groun- assets held for sale	13,229
Borrowings	788
Trade navables	-- 2,492
Other liabilities and provisions	1,121
Disposal group- liabilities directly associated with assets held for sale	4,401

7. Additional information on standalone financial results:
---------------------------------------------------------------	--

Particulars	Quarter ended			Six months ended		Year ended
	30 September 2018 (Unaudited)	30 June 2018 (Unaudited)	30 September 201 7 (Unaudited)	30 September 2018 (Unaudited)	30 September 2017 (Unaudited)	31 March 2018 (Audited)
a. Revenue from continuing operations	14,658	13,987	11 ,969	28,645	21,724	48,832
b. Profit before tax from continuing operations	1,546	1,336	503	2,882	55	2,205
c. Profit after tax from continuing operations d. Profit/ (loss) before	1,030	869	487	1,899	39	I ,511
tax from discontinued operations	68	(88)	(463)	(20)	(872)	(1,652)
e. Profit/ (loss) after tax from discontinued operations	44	(57)	(202)	(13)	(6 11)	( I, 132)

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

Udayant Malhoutra CEO and Managing Director

Place: Bengaluru Date: 14 November 20 18

Notes (continued) Appendix- 1

Nature	S.no	Entity name
I Subsidiaries 2 3 4		JKM Research Farm Limited
		JKM Global Pte Ltd
		Dynamatic Limited, UK
		Yew Tree Investments Limited, UK
	5	Dynamatic US LLC
	6	JKM Erla Automotive Limited
7		JKM Automotive Limited
	8	JKM Erla Holdings GmbH, Germany
	9	Eisenwerk Erla GmbH, Germany
	10	JKM Ferrotech Limited

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Dynamatic Technologies Ltd. Regulatory Filings 2018