Q2 Results: Revenue Up, Profit Down on UK Subsidiary Restructuring
DYNAMATECH · price
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Dynamatic Technologies posted Q2 standalone revenue of INR 182.55 crore, up 9 percent year on year, with standalone PAT falling to INR 14.75 crore from INR 20.99 crore. Consolidated PAT dropped sharply to INR 3.31 crore from INR 12.03 crore on revenue of INR 392.38 crore. The dip stems from an INR 6.88 crore exceptional charge for UK subsidiary restructuring and an INR 5.62 crore non-cash tax hit. Board approved new wholly owned unit Dynauton Limited for UAVs. Auditor gave an unmodified review.
Mixed quarter. Strong revenue growth offset by sharp profit decline on UK restructuring costs. Watch for margin recovery ahead. New UAV unit adds optionality.