Dynamatic Q1 FY27: consolidated PAT jumps 93% YoY as margins expand across all three segments

Dynamatic Technologies' consolidated PAT rose 93.0% YoY to ₹20.79 Cr (EPS ₹30.62) on revenue of ₹424.81 Cr, up 14.5% YoY, with net margin expanding to ~4.9% from ~2.8% a year ago. Sequentially, revenue eased 1.9% from ₹433.16 Cr, but PAT still climbed 65.5% QoQ from ₹12.56 Cr because the preceding quarter (Q4 FY26) carried a ₹6.42 Cr DLUK restructuring charge that this quarter does not - the YoY print is the cleaner comparison since neither this quarter nor the year-ago quarter carries any exceptional item.

The margin expansion was broad-based across segments rather than driven by one business. Aerospace, the largest segment (~48% of consolidated revenue), grew revenue 17.0% YoY to ₹202.25 Cr with segment profit up 23.5% YoY to ₹35.99 Cr. Metallurgy swung from a ₹1.53 Cr segment loss a year ago to a ₹0.66 Cr profit, and Hydraulics segment profit jumped to ₹10.67 Cr from a near-breakeven ₹0.36 Cr YoY - consistent with the company's stated move (Note 3) to transfer DLUK Hydraulics production from the UK to India after citing 'continued decline in European supply chain reliability.' Consolidated PAT (₹20.79 Cr) is more than double standalone PAT (₹9.88 Cr on ₹200.26 Cr revenue), underscoring how much of the improvement is coming from the aerospace/metallurgy subsidiaries outside the standalone entity.

The stock went into the print at ₹11,401, up 5.1% over the past month of trading.

For context: this is the highest quarterly PAT in the last 6 quarters on our records; PAT has now risen for 2 consecutive quarters.

Management gives no formal quarterly guidance on record in our context, and no quarter-specific analyst consensus for Q1 FY27 could be located via web search, so this print cannot be graded against a street number or a prior outlook - both are marked unknown/none rather than guessed. The one external data point found, ICICI Securities' standing target of ~₹107 Cr consolidated PAT by FY27E (from ~₹43 Cr in FY25, implying a ~57% CAGR), is a multi-year anchor rather than a Q1 estimate; this quarter's ₹20.79 Cr is roughly a fifth of that annual target, which is a reasonable pace but not something to score as a beat or miss. No management press release accompanied this filing in our context beyond the board-meeting outcome letter, so there is no company framing to reconcile against the numbers.