Dynamatic Technologies (505242) Q3 24/25 earnings summary

Executive summary

• Revenue for 9M FY2025 was Rs. 10,231.3 mn, down 3.4% year-over-year; Q3 FY2025 revenue was Rs. 3,154.3 mn, down 8.7% year-over-year.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024, with statutory auditors issuing an unmodified review conclusion.

• Interim dividend of ₹2 per share for FY2024-25 was declared and paid in the current quarter; final dividend of ₹5 per share for FY2023-24 was also disbursed.

• Aerospace segment showed strong growth, while Hydraulics and Metallurgy segments declined due to market-specific challenges.

• PAT for 9M FY2025 rose 24.6% to Rs. 269.5 mn (excluding prior year exceptional items); Q3 PAT dropped 68.6% year-over-year.

Financial highlights

• Consolidated revenue from operations for Q3 FY2024-25 was ₹31,543 lakhs, down from ₹36,142 lakhs in the previous quarter and ₹34,551 lakhs in Q3 FY2023-24.

• 9M FY2025 EBITDA: Rs. 1,203.8 mn (up 3.3% YoY); Q3 EBITDA: Rs. 392.9 mn (down 3.4% YoY).

• 9M FY2025 PAT: Rs. 269.5 mn (up 24.6% YoY, excluding exceptional items); Q3 PAT: Rs. 35.3 mn (down 68.6% YoY).

• EBITDA margin improved to 11.8% for 9M and 12.5% for Q3.

• Gross margin for Q3 FY2025 was 54.2%.

Outlook and guidance

• Aerospace segment expected to continue growth, supported by new project industrialization and defense modernization.

• Hydraulics segment to benefit from increased government infrastructure spending and strong agricultural demand.

• Management notes unrealized foreign exchange losses in Q3 due to adverse currency movements, but a net gain for the nine months ended 31 December 2024.