Date: August 7, 2026

Financial Results (Standalone & Consolidated)

Consolidated Performance Q1 FY2027:

  • Revenue: ₹4,248.1 million, up 14.5% from ₹3,709.3 million in Q1 FY2026
  • EBITDA: ₹551.1 million, up 45.9% from ₹377.8 million in Q1 FY2026
  • EBITDA margin: 13.0%, up 280 bps from 10.2% in Q1 FY2026
  • EBIT: ₹354.3 million, up 83.7% from ₹192.9 million in Q1 FY2026
  • EBIT margin: 8.3%, up 310 bps from 5.2% in Q1 FY2026
  • Normalized PBT: ₹263.9 million, up 72.1% from ₹153.3 million in Q1 FY2026
  • Normalized PAT: ₹207.9 million, up 93.0% from ₹107.7 million in Q1 FY2026
  • Normalized PAT margin: 4.9%, up from 2.9% in Q1 FY2026
  • Normalized EPS: ₹30.62, up from ₹15.86 in Q1 FY2026

Quarter-over-Quarter Comparison (Q1 FY2027 vs Q4 FY2026):

  • Revenue: ₹4,248.1 million vs ₹4,331.6 million (down 1.9%)
  • EBITDA: ₹551.1 million vs ₹486.1 million (up 13.4%)
  • EBIT: ₹354.3 million vs ₹292.6 million (up 21.1%)
  • Normalized PBT: ₹263.9 million vs ₹217.0 million (up 21.6%)
  • Normalized PAT: ₹207.9 million vs ₹189.8 million (up 9.5%)

Note: Q4 FY2026 PBT, PAT and EPS figures exclude exceptional item of ₹64.2 million

Segment Performance Q1 FY2027:

Aerospace Segment (48% of total revenue):

  • Revenue: ₹2,022.5 million, up 17.0% from ₹1,729.2 million in Q1 FY2026
  • EBITDA: ₹481.9 million, up 20.5% from ₹400.0 million in Q1 FY2026
  • EBITDA margin: 23.8%, up from 23.1% in Q1 FY2026
  • EBIT: ₹359.9 million, up 23.5% from ₹291.3 million in Q1 FY2026
  • EBIT margin: 17.8%, up from 16.8% in Q1 FY2026

Hydraulics Segment (27% of total revenue):

  • Revenue: ₹1,160.4 million, up 9.4% from ₹1,061.2 million in Q1 FY2026
  • EBITDA: ₹144.6 million, up 302.8% from ₹35.9 million in Q1 FY2026
  • EBITDA margin: 12.5%, up from 3.4% in Q1 FY2026
  • EBIT: ₹106.7 million, up significantly from ₹3.6 million in Q1 FY2026
  • EBIT margin: 9.2%, up from 0.3% in Q1 FY2026

Metallurgy Segment (25% of total revenue):

  • Revenue: ₹1,063.1 million, up 15.7% from ₹918.8 million in Q1 FY2026
  • EBITDA: ₹39.8 million, up 132.7% from ₹17.1 million in Q1 FY2026
  • EBITDA margin: 3.7%, up from 1.9% in Q1 FY2026
  • EBIT: ₹6.6 million, improved from loss of ₹15.3 million in Q1 FY2026
  • EBIT margin: 0.6%, improved from (1.7)% in Q1 FY2026

Foreign Exchange Fluctuation Impact:

  • Average exchange rates: EURO/INR 109.98 (vs 96.58 in Q1 FY2026), GBP/INR 126.95 (vs 113.52), USD/INR 94.63 (vs 85.32)
  • Total favorable FX impact on revenue: ₹392.58 million
  • Total favorable FX impact on EBITDA: ₹51.37 million
  • On constant currency basis, revenue would be ₹3,855.5 million (3.9% growth) and EBITDA would be ₹499.7 million

Balance Sheet and Capital Structure (as of June 2026):

  • Long Term Debt: ₹2,994.9 million
  • Short Term Debt: ₹2,277.7 million
  • Total Debt: ₹5,272.6 million
  • Cash & Cash Equivalents: ₹541.2 million
  • Net Debt: ₹4,731.4 million
  • Lease Liabilities: ₹1,042.8 million
  • Overall Debt: ₹5,774.2 million
  • Net Worth: ₹8,184.9 million
  • LTM EBITDA: ₹2,000.1 million

Management Commentary

Mr. Udayant Malhoutra, CEO and Managing Director commented:

  • Aerospace segment continued as major contributor supported by execution across key commercial aerospace programs
  • Improved product mix supported by sheet metal and detail parts ramp up at Dynamatic Manufacturing Limited
  • Airbus A220 doors program made steady progress, reflecting growing capabilities in complex aerostructure manufacturing
  • Hydraulics segment benefited from steady demand across domestic OEMs and industrial customers
  • Transfer of business from Swindon to Bangalore is well on its way, enabling sustainable longer-term business
  • Metallurgy segment focused on strengthening product mix for European automotive market opportunities
  • Business maintained disciplined cost management while advancing diversification into aerospace, defence and specialised engineering applications

Segment Outlook and Strategy

Aerospace Segment:

  • Continues to benefit from increasing opportunities across commercial aviation and defence systems
  • Continued ramp-up expected to support long-term business visibility
  • Focused on expanding participation in high value aerospace programs, enhancing advanced manufacturing capabilities
  • Continued investments in defence and unmanned technologies
  • Scaling international operations to broaden technology portfolio

Hydraulics Segment:

  • Expected to benefit from continued demand across agriculture sector with domestic OEMs
  • Continued optimisation of UK operations and product line rationalisation between Bangalore and Swindon
  • Focused on enhancing manufacturing efficiency, strengthening integration across global operations
  • Expanding presence across OEM, industrial and aftermarket segments

Metallurgy Segment:

  • Early signs of demand recovery at Erla, Germany
  • Focused on improving operational efficiency, maintaining cost discipline
  • Accelerating transition towards aerospace, defence and specialised engineering applications
  • Consolidating emerging recovery in European demand

Company Overview

Business Segments:

  • One of world's largest manufacturers of hydraulic gear pumps with over five decades of leadership
  • Approximately 70% share of organized tractor market in India
  • Tier I supplier to global aerospace OEMs including Airbus, Boeing, Bell Helicopters, Dassault Aviation, Deutsche Aircraft, and HAL
  • Produces intricate metallurgical ferrous castings for performance-critical components

Facilities and Capabilities:

  • 8 facilities worldwide in Bangalore (India), Swindon and Bristol (UK), and Schwarzenberg (Germany)
  • Vertically integrated with advanced ferrous foundry in Europe
  • In-house division for design validation, optimization, analysis and prototypes
  • R&D units recognized by Department of Scientific and Industrial Research, Government of India
  • Owns several patents for various products and designs in India and internationally

Customer Base:

  • 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, Hutchinson

Shareholding Information

Shareholding Pattern (as of latest):

  • FIIs: 10.7%
  • DIIs: 8.4%
  • Alternative Investment Fund: 7.5%
  • Bodies Corporate: 5.9%
  • Others: 26.1%

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
  • Carnelian Structural Shift Fund

Contact Details

Mr. Chalapathi P - Executive Director and Chief Financial Officer

Mr. Shivaram V - Chief Legal Officer and Company Secretary

Dynamatic Technologies Limited

JKM Plaza Dynamatic Aerotropolis

55 KIADB Aerospace Park

Bangalore 562 149 India

Tel: +91 80 2111 1223 / +91 80 2204 0535