Dynacons Systems & Solutions LimitedInformation TechnologyDSSL
Q1 FY27 earnings callDynacons Systems & Solutions Limited
Dynacons reported flat revenue due to delivery timing issues, but posted strong profitability growth, secured major strategic wins, and saw its order book surge to ~INR3,104 crores, indicating robust underlying demand.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Revenue from Operations | INR313 crores | — | |
| EBITDA | INR40 crores | — | |
| Profit After Tax | INR20 crores | — | |
| Earnings Per Share | INR15.54 | — | |
| Order Book | INR3,104 crores | — | |
| Bidding Pipeline | INR6,650 crores | — |
Financials
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹311.02 Cr+37.1% YoY+1.5% QoQ | ₹18.45 Cr+40.3% YoY+1.2% QoQ | ₹14.43+39.3% YoY+0.6% QoQ |
| Q2 FY25 | ₹306.33 Cr+39.3% YoY-4.6% QoQ | ₹18.23 Cr+45% YoY+3.5% QoQ | ₹14.34+44.7% YoY+3.5% QoQ |
| Q1 FY25 | ₹320.97 Cr+8.6% YoY+13.8% QoQ | ₹17.61 Cr+25.7% YoY+25% QoQ | ₹13.85+25.5% YoY+24.7% QoQ |
| Q4 FY24 | ₹282.16 Cr+24.5% YoY+24.4% QoQ | ₹14.09 Cr+14.4% YoY+7.1% QoQ | ₹11.11+14.5% YoY+7.2% QoQ |
| Q3 FY24 | ₹226.86 Cr+31.9% YoY+3.2% QoQ | ₹13.15 Cr+74.6% YoY+4.6% QoQ | ₹10.36+74.7% YoY+4.5% QoQ |
TL;DR
- Revenue declined to INR313 crores from INR328 crores YoY due to extended OEM delivery lead-times, but demand is intact.
- EBITDA increased to INR40 crores and PAT stood at ~INR20 crores, reflecting improved business mix.
- Secured major orders including INR750 crores from RBI, INR267 crores from NPCI, and INR125 crores from CBI.
- Order book stands at ~INR3,104 crores, providing strong execution visibility.
- Bidding pipeline is ~INR6,650 crores across data center, cloud, networking, and managed services.
Said on the call
“We are very confident that based on the current visibility, the deliveries are expected to normalize progressively and we are confident of converting this order book into revenue over the coming quarters.”
From the Q&A
| Topic | What management said |
|---|---|
| Revenue Growth Outlook | Management attributed Q1 revenue decline to delivery timing, not weak demand, and expects normalization and continued growth momentum over coming quarters. |
| Margin Trajectory | Management said margin improvement is driven by better business mix and higher-value services, expects the improving trend to continue but does not give specific guidance. |
| Order Book Execution | The ~INR3,104 crore order book has an average execution time of 18-24 months, with some projects spanning up to five years. |
| Component Price Increases | Management stated price escalations are managed via back-to-back OEM support in finalized contracts, protecting margins. |
| As-a-Service Business & Fixed Assets | The increase in fixed assets (INR158 crores last year) is for the As-a-Service business; these assets have contracted revenue visibility and are not loss-making. |
| Competitive Landscape | Management named Orient Technologies as a listed peer, noted Rashi Peripherals' recent acquisition (VDA) as a potential entrant, and said competition for large projects is now with larger Tier-1 and global SIs. |
Guidance
- No specific revenue or margin guidance provided.
- Expects delivery timelines to normalize progressively over coming quarters.
- Focus remains on growth, disciplined execution, and increasing contribution from recurring/annuity businesses.
Source
Summary written from the transcript filed by Dynacons Systems & Solutions Limited for the call held on 14 Aug 2026; published 21 Aug 2026, 18:04 IST.