Dynacons September revenue rises 56%, profit after tax 31%

Dynacons Systems & Solutions Limited reported consolidated revenue from operations of Rs 551.36 crore for the quarter ended September 30, 2026, a 56% year-on-year increase, while profit after tax rose 31% to Rs 29.81 crore. Revenue and profit were also higher than in the quarter ended June 30, 2026.

How much did Dynacons grow in the September quarter?

Dynacons’ revenue from operations rose to Rs 551.36 crore in the September 2026 quarter from Rs 352.39 crore a year earlier and Rs 313.66 crore in the June 2026 quarter. The year-on-year increase was Rs 198.96 crore, while the sequential increase was Rs 237.70 crore.

Other income was Rs 1.62 crore in the September quarter, compared with Rs 1.56 crore in June 2026 and Rs 3.38 crore in September 2025. Total income therefore reached Rs 553.18 crore, versus Rs 315.24 crore in the preceding quarter and Rs 355.77 crore a year earlier.

For the half year ended September 30, 2026, Dynacons reported revenue from operations of Rs 865.05 crore, compared with Rs 681.25 crore in the corresponding prior-year period. Half-year total income was Rs 868.43 crore, against Rs 683.44 crore a year earlier.

What happened to Dynacons’ profit and earnings per share?

Dynacons’ September-quarter profit after tax was Rs 29.81 crore, compared with Rs 22.68 crore in September 2025 and Rs 19.80 crore in June 2026. Profit increased by Rs 7.13 crore year on year and by Rs 10.02 crore sequentially.

Profit before tax and exceptional items was Rs 40.02 crore for the September 2026 quarter, up from Rs 30.76 crore a year earlier and Rs 26.45 crore in the preceding quarter. The results show no exceptional items in any of the three quarterly periods, leaving September-quarter profit before tax at Rs 40.02 crore.

Tax expense was Rs 10.20 crore, compared with Rs 8.08 crore in September 2025 and Rs 6.66 crore in June 2026. Basic earnings per share, or EPS, was Rs 23.40 for September 2026, versus Rs 17.82 a year earlier and Rs 15.54 in June 2026; diluted EPS was also Rs 23.40.

For the half year ended September 30, 2026, profit after tax was Rs 49.61 crore, compared with Rs 42.33 crore in the prior-year half year. Half-year profit before tax increased to Rs 66.47 crore from Rs 57.04 crore, while basic EPS rose to Rs 38.95 from Rs 33.26.

Which costs changed in Dynacons’ September quarter?

Dynacons’ total expenses were Rs 513.17 crore in the September 2026 quarter, compared with Rs 322.90 crore in September 2025 and Rs 288.79 crore in June 2026. The Rs 190.26 crore year-on-year increase in expenses was lower than the Rs 198.96 crore increase in revenue from operations.

Cost of materials consumed rose to Rs 495.06 crore from Rs 299.93 crore a year earlier and Rs 256.52 crore in June 2026. Changes in inventories reduced expense by Rs 19.22 crore in the latest quarter, compared with an expense of Rs 14.25 crore in the September 2025 quarter.

Employee benefits expense was Rs 14.20 crore, versus Rs 12.52 crore a year earlier and Rs 13.93 crore sequentially. Finance costs were Rs 8.30 crore and depreciation and amortisation expense was Rs 8.09 crore, compared with Rs 8.06 crore and Rs 6.96 crore, respectively, in September 2025.

For the six months ended September 2026, total expenses were Rs 801.96 crore, compared with Rs 626.39 crore in the comparable prior-year period. Material costs were Rs 751.58 crore, employee benefits expense was Rs 27.73 crore, finance costs were Rs 15.51 crore and depreciation and amortisation was Rs 16.18 crore.

What do Dynacons’ balance sheet and cash flows show?

Dynacons’ current assets were Rs 976.31 crore as of September 30, 2026, up from Rs 777.87 crore as of March 31, 2026. Non-current assets declined to Rs 208.27 crore from Rs 235.12 crore over the same period.

Trade receivables rose to Rs 747.59 crore at September 30, 2026 from Rs 602.19 crore at the March year-end, an increase of Rs 145.40 crore. Inventories increased to Rs 39.00 crore from Rs 16.16 crore, while cash and cash equivalents rose to Rs 14.49 crore from Rs 12.88 crore.

Current liabilities were Rs 722.44 crore at September 30, 2026, compared with Rs 577.52 crore six months earlier. Trade payables to creditors other than micro and small enterprises were Rs 585.66 crore, up from Rs 444.36 crore at March 31, 2026.

Net cash flow from operating activities was Rs 45.89 crore for the half year ended September 2026, compared with Rs 9.74 crore a year earlier. The cash-flow statement recorded a Rs 145.40 crore working-capital use from higher trade receivables, partly offset by a Rs 142.86 crore increase in current liabilities and provision payables.

Which businesses are included in Dynacons’ consolidated results?

Dynacons’ consolidated results include the holding company, Dynacons Systems and Solutions PTE Limited and Cybercons Infosec Private Limited. The two subsidiaries together recorded revenue from operations of Rs 2.63 crore and a net loss after tax of Rs 11.20 lakh for the quarter and half year ended September 30, 2026.

Dynacons identifies System Integration and Technology Workforce Augmentation Services as operating segments, and said previous-period figures were restated for that reporting structure. The supplied statement does not provide revenue, profit or asset values for either segment.

The results were unaudited, reviewed by M S P & Co., and approved by Dynacons’ board on November 14, 2026. The auditor said nothing had come to its attention indicating a material misstatement or a failure to make disclosures required under Regulation 33 of the Securities and Exchange Board of India listing regulations.

Conclusion

Dynacons combined a 56% year-on-year increase in September-quarter revenue with a 31% increase in profit after tax. The half-year figures also rose, while the balance sheet showed higher receivables, inventories and current liabilities alongside the expansion in reported activity.

The next disclosure to watch is segment-level reporting for System Integration and Technology Workforce Augmentation Services, as Dynacons said prior periods had been restated but did not provide segment values in the supplied statement. Subsequent filings will also show whether trade receivables of Rs 747.59 crore and half-year operating cash flow of Rs 45.89 crore change.