After disappointing results the previous FY, Dynamatic posts strong results for September quarter
Dynamatic Technologies, the aerospace engineering company, delivered a 16.4% growth in net income and a reversal from losses for the second quarter in a row. The company showed modest net profits of Rs. 6.63 crore for its September FY17 quarter.
India's aerospace sector has been on a strong trajectory and the company has been able to leverage new business in this $60 billion sector - the firm's delivery of Boeing Chinook parts for existing orders will continue into FY18 according to management, showing up in revenues through the immediate quarters.