Dynamatic's 9.89% operating margin trails Industrials peer median
Interest and depreciation absorbed much of operating profit, while Rs 5.79 cr of other income supported pre-tax earnings.
Filed 06 Nov 2026, 16:09 IST · after market close · Dynamatic Technologies Ltd (DYNAMATECH)
Key takeaways
- Standalone operating margin was 9.89%, 1.62 percentage points below the 11.51% median for 207 Industrials peers that had reported.
- Interest of Rs 11.21 cr and depreciation of Rs 7.17 cr reduced operating profit of Rs 21.53 cr to pre-tax profit of Rs 8.94 cr, partly offset by Rs 5.79 cr of other income.
- Standalone net profit was Rs 6.82 cr on revenue of Rs 217.71 cr after tax of Rs 2.12 cr.
Price around the results
Operating profit did not translate fully into earnings
Dynamatic Technologies reported standalone revenue of Rs 217.71 cr and operating profit of Rs 21.53 cr in Q2FY27. Interest of Rs 11.21 cr and depreciation of Rs 7.17 cr materially reduced the amount reaching pre-tax profit. Other income of Rs 5.79 cr partly offset those charges, leaving pre-tax profit at Rs 8.94 cr.
Other income was an important support to pre-tax profit
The Rs 5.79 cr of other income made a notable contribution against pre-tax profit of Rs 8.94 cr, so reported earnings were not driven only by operations. Tax of Rs 2.12 cr brought net profit to Rs 6.82 cr, with basic EPS at Rs 10.04.
Operating margin trails the Industrials peer median
The company's 9.89% operating margin was 1.62 percentage points below the 11.51% median among 207 Industrials peers that had reported the same quarter. This places cost conversion and the interest burden at the centre of the earnings read-through, rather than revenue alone.
Results were filed after market close
The standalone results were filed at 16:09 IST on 06 Nov 2026, after market close. A market reaction is therefore not part of this update.
Q2FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹218 cr |
| Other income | ₹6 cr |
| Expenses | ₹196 cr |
| Operating profit | ₹22 cr |
| Operating margin (%) | 9.89% |
| Interest | ₹11 cr |
| Depreciation | ₹7 cr |
| Profit before tax | ₹9 cr |
| Tax | ₹2 cr |
| Net profit | ₹7 cr |
| EPS (₹) | ₹10.04 |
Operating margin of 9.89% compares with a Industrials sector median of 11.51% across 207 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +0.90% | +0.84% |
| Next session | -0.30% | — |
Volume on the results session was 0.58× its 20-day average.
What to watch
- Whether operating margin closes the 1.62 percentage-point gap to the 11.51% Industrials peer median.
- Whether interest is lower than Rs 11.21 cr in the next reported quarter.
- Whether other income remains a meaningful contributor from its Rs 5.79 cr level.