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Sunil Singhania portfolio stock posts 16% PAT growth in Q4, Board recommends ₹7 per share dividend

Dynamatic Technologies is a small cap industrial company that recorded a market cap of ₹2,344.07 Cr during today’s closing session. High-end products are designed and manufactured by Dynamatic Technologies Limited for use in security, hydraulic, and aerospace applications.

Sunil Singhania

The Board of Directors have “recommended Final Dividend of Rs. 7/- per equity share of Rs. 10/- each for the financial year ended 31st March 2023, subject to declaration of the same by members at the ensuing Annual General Meeting (AGM) of the Company; such Dividend, if declared, will be paid within 30 days from the from the date of declaration to those members entitled thereto. Together with the interim dividend of Rs. 3/- per share declared by the Board on 10th August 2022, the total dividend for the financial year ended 31st March 2023 would be Rs.10/- per equity share,” said Dynamatic Technologies in a stock exchange filing.

The company has fixed 9th June 2023, as the record date for the purpose of determining the entitlement of the members for payment of dividend.

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During Q4FY23, the company recorded consolidated revenue from operations of ₹367.88 Cr up by 14.64% YoY from Rs. 320.91 Cr in Q4FY22. Its net income reached ₹375.04 Cr during the quarter ended March 2023 as compared to ₹325.87 Cr during the quarter ended March 2022. Dynamatic Technologies said its net profit stood at ₹17.56 Cr during the quarter under review up by 16.91% YoY from ₹15.02 Cr recorded in the year-ago quarter.

The shares of Dynamatic Technologies closed today on the BSE at ₹3451.50 apiece down by 1.53% from the previous close of ₹3505.20. The stock touched a 52-week-high of ₹3,525.00 on (30/05/2023) and a 52-week-low of ₹1,668.60 on (20/06/2022). During Q4FY23, the company recorded promoters shareholding of 41.87%, FIIs stake of 16.76%, DIIs stake of 10.03% and public stake of 31.35%. As per the shareholding pattern of Dynamatic Technologies, ace investor Sunil Singhania recently bought fresh fully paid up equity shares of 192,228, or 0.2% stake in the company at a valuation of ₹67 Cr.

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हिन्द ट्रेंड्स एक राष्ट्रीय न्यूज़ पोर्टल हैं , जिसका उद्देश्य देश- विदेश में हो रही सभी घटनाओ को , सरकार की योजनाओ को , शिक्षा एवं रोजगार से जुड़ी खबरों को देश की जनता तक पहुँचाना हैं। हिन्द ट्रेंड्स समाज के हित सदेव कार्यरत हैं।

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