Dynamatic Technologies Limited reported a 34.7 percent year-on-year increase in consolidated revenue for the quarter ended 31 December 2025, with Aerospace contributing 50 percent of total revenue and Hydraulics margins showing recovery following restructuring measures. The results reflect a shift in segment mix and operational performance across its three business verticals.
The Aerospace segment reported Q3FY2026 revenue of INR 2,139.7 million, up 41.8 percent year-on-year, and accounted for half of consolidated revenue. “Our Aerospace segment remained the primary revenue driver in Q3 FY26, cementing its role as the cornerstone of Dynamatic’s operations,” said Udayant Malhoutra, CEO and Managing Director.
The company stated that the segment remains positioned for sustained growth, supported by execution across ongoing programmes and a favourable policy environment. “A defining milestone this quarter was our selection as the exclusive partner for the L&T-BEL consortium’s 5th Generation Fighter Aircraft (AMCA) project,” Malhoutra said. “This alliance not only highlights our engineering prowess but also positions us at the vanguard of India’s next-generation defense ecosystem.”
It added that its aerospace strategy includes industrialising secured programmes, strengthening advanced manufacturing and engineering capabilities, and expanding participation across airframe assemblies and critical structures. “Furthermore, our partnership with Dassault Aviation has reached a new peak with a landmark agreement to manufacture the complete rear fuselage for the Falcon 6X,” Malhoutra said. “We expect the pro-growth measures in the Union Budget 2026—specifically the customs duty exemptions and increased defense allocations—to provide a significant tailwind for our domestic manufacturing expansion.”
In Hydraulics, Q3FY2026 revenue rose 26.4 percent to INR 1,237.4 million from INR 978.7 million a year earlier. EBITDA increased to INR 142.4 million from INR 42.6 million, with margin improving to 11.5 percent from 4.4 percent. The company said domestic demand from tractor OEMs and industrial channels supported performance. Its strategy includes operational restructuring and product line rationalisation across Bangalore and Swindon, cost optimisation initiatives, strengthening aftermarket presence and improving cross-location integration to enhance efficiency and profitability. The outlook indicates gradual improvement supported by stable domestic demand and improving conditions in the UK market.
The Metallurgy segment recorded Q3FY2026 revenue of INR 871.4 million, up 30.8 percent year-on-year. However, EBITDA was negative at INR 5.0 million and EBIT was negative at INR 41.0 million. The company cited continued weakness in the German automotive sector, high inflation and subdued consumption in Europe. Its strategy focuses on cost discipline, operational efficiency and portfolio rationalisation, alongside diversification into aerospace and defence applications with ongoing prototype development for Western European defence customers. The outlook remains influenced by market conditions, although easing inflationary pressures and gradual demand stabilisation are expected to support recovery.
Q3FY2026 revenue rose to INR 4,248.7 million from INR 3,154.3 million in Q3FY2025. EBITDA increased 27.4 percent to INR 500.5 million, while EBIT rose 36.0 percent to INR 304.0 million. Normalised profit after tax stood at INR 200.4 million compared with INR 35.3 million a year earlier, excluding exceptional items of INR 142.7 million in the current quarter.
For the nine months ended December 2025, revenue increased 16.1 percent to INR 11,881.8 million, while EBITDA rose 11.4 percent to INR 1,340.7 million. Normalised PAT for the period was INR 410.0 million versus INR 269.5 million in 9MFY2025.
Foreign exchange movements contributed positively during the quarter. On a constant currency basis, Q3FY2026 revenue, if adjusted for a foreign exchange impact of INR 228.55 million, would have been INR 4,020.15 million, representing a 27.4 percent increase compared with 34.7 percent before adjustment, the company said. EBITDA, adjusted for a foreign exchange impact of INR 30.94 million, would have been INR 475.96 million.
Dynamatic Technologies Limited operates in the Aerospace, Hydraulics and Metallurgy segments, supplying aerostructures, hydraulic gear pumps and precision ferrous castings from eight manufacturing facilities located in India, the United Kingdom and Germany.