Latest news with #DynamaticTechnologies
Hans India
2 days ago
- Automotive
- Hans India
Dreamliner crash exposes India's aviation weak links
India's aviation ambitions are also being undermined by inadequate Maintenance, Repair, and Overhaul (MRO) infrastructure — especially for wide-body aircraft. The Black Box—comprising the Digital Flight Data Recorder (DFDR) and Cockpit Voice Recorder (CVR) — of Air India Flight 171 was recovered on June 13, a day after the crash. The device has suffered extensive damage, and the Aircraft Accident Investigation Bureau (AAIB) lab at Udaan Bhawan, Delhi, will work on retrieving the information. The lab, billed as a ₹9-crore 'state-of-the-art' facility, was inaugurated just two months ago. If it fails to retrieve the data, the Black Box may be sent to the United States for decoding. While major players like Air India Engineering Services Limited (AIESL), GMR Aero Technic, and Tata Advanced Systems have a strong presence in the MRO space, most of their expertise is centered on narrow-body aircraft like the Airbus A320 and Boeing 737. There is a serious shortage of facilities equipped to handle wide-body aircraft and the latest generation of engines. In addition, many existing MROs need major upgrades to meet international standards. Industry insiders also point to a lack of skilled engineers and high import duties on essential spare parts. Indian carriers continue to rely heavily on foreign facilities for major repairs — delaying turnarounds and raising costs. Airframe & Wing Parts: Firms like Aequs, Dynamatic Technologies, Gardner, and Mahindra Aerospace supply parts for the Airbus A320neo, A330neo, and A350 programs. Cargo doors: Tata Advanced Systems manufactures cargo and bulk cargo doors for the A320neo. Rear Fuselage: Dynamatic Technologies has tied up with Deutsche Aircraft to produce the rear fuselage for the D328eco regional turboprop. Helicopter Fuselages: Tata (in partnership with Boeing) is making fuselages for Apache helicopters, while Mahindra Aerostructures is building those for Airbus' H130. Composite Parts: Boeing sources high-end composite parts from its Bengaluru facility to support its global supply chain. India's aircraft components market touched $16.22 billion in 2024 and is projected to nearly double by 2033, propelled by localisation drives, policy support, and growing global partnerships. Over $2 billion worth of components are exported annually to global giants like Airbus and Boeing—thanks to Indian MSMEs and aerospace start-ups. The Dreamliner crash has jolted India's aviation sector out of its comfort zone. As the country aims for the skies, it must further strengthen the ground it takes off from. India Moves Towards Defence Self-Reliance, Cuts Imports, Boosts Exports Traditionally heavily reliant on foreign suppliers for defence equipment, India has significantly reduced its dependence on defence imports over the last 14 years, marking a major shift in its defence strategy and policy.
Business Standard
28-05-2025
- Business
- Business Standard
Dynamatic Technologies consolidated net profit declines 71.83% in the March 2025 quarter
Sales rise 2.77% to Rs 380.67 crore Net profit of Dynamatic Technologies declined 71.83% to Rs 16.09 crore in the quarter ended March 2025 as against Rs 57.11 crore during the previous quarter ended March 2024. Sales rose 2.77% to Rs 380.67 crore in the quarter ended March 2025 as against Rs 370.41 crore during the previous quarter ended March 2024. For the full year,net profit declined 64.67% to Rs 43.04 crore in the year ended March 2025 as against Rs 121.81 crore during the previous year ended March 2024. Sales declined 1.79% to Rs 1403.80 crore in the year ended March 2025 as against Rs 1429.33 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 380.67370.41 3 1403.801429.33 -2 OPM % 9.9711.57 - 11.2811.15 - PBDT 36.5431.09 18 124.40139.68 -11 PBT 19.2913.81 40 55.1173.32 -25 NP 16.0957.11 -72 43.04121.81 -65
News18
19-05-2025
- Business
- News18
Armed For Gains: Defence Sector Hits Record Valuation Post Explosive 50% Rally Since Feb
Last Updated: Defence stocks rally to new highs with Mcap surging 50% since February. Nifty India Defence Index gains as investor confidence strengthens Defence Stocks Rally: India's defence sector is on a strong offensive as a continued rally in defence stocks pushes the combined market capitalisation of 18 listed defence companies to an all-time high of Rs 11.23 lakh crore. This reflects rising investor confidence and renewed interest in the sector. The latest valuation marks a significant leap from the previous peak of Rs 10.09 lakh crore recorded in July 2024 and represents a sharp 50% surge from the February 2025 low of Rs 6.95 lakh crore. The Nifty India Defence Index has been on a consistent upward trajectory. After registering a steep correction of 33% between July 2024 and February 2025, the index has bounced back strongly, climbing 9% so far in May following gains of 11.5% in April and 24.6% in March. Since hitting its low in February, the index has recovered over 50%, demonstrating strong momentum in the defence space. Despite this broad recovery, only six of the 18 listed stocks have surpassed their previous record highs. The remaining counters continue to trade below peak levels. However, some stocks have emerged as clear outperformers. Ten companies that hit 52-week lows during March and April have since staged powerful rallies, with returns ranging from 55% to 112%. These include DCX Systems, MTAR Technologies, Dynamatic Technologies, Cyient DLM, Unimech Aerospace and Manufacturing, Data Patterns, Mishra Dhatu Nigam, Astra Microwave Products, Hindustan Aeronautics (HAL), and BEML. Additionally, eight other defence stocks that touched 52-week lows earlier in 2024 have seen remarkable recoveries, delivering gains between 58% and 200%. Among these are Cochin Shipyard, Bharat Dynamics, Mazagon Dock Shipbuilders, Zen Technologies, Bharat Electronics, Solar Industries India, Paras Defence and Space Technologies, and Garden Reach Shipbuilders. The uptrend has been supported by a mix of geopolitical developments and strong policy signals. Rising tensions between India and Pakistan earlier this year set the stage for increased market interest. The rally was further fueled by Prime Minister Narendra Modi's reaffirmation of support for indigenous defence manufacturing under the government's flagship 'Make in India' and Atmanirbhar Bharat programmes. His call for boosting modern warfare capabilities and expanding India's defence production base has raised expectations of continued capital and policy support. Investor sentiment also got a lift from reports that more than a dozen countries have shown interest in purchasing the BrahMos missile system, following its effective demonstration during Operation Sindoor, which highlighted India's growing capabilities in defence technology. Mutual Funds Reload On Defence Holdings Mutual funds have increased their exposure to the sector, adding to the momentum. In April, fund managers raised their holdings in 11 of the 18 listed companies. HAL led the inflows with Rs 505 crore, bringing the total MF stake in the company to Rs 13,480 crore. Solar Industries India saw Rs 119 crore in inflows, taking its MF holding to Rs 15,510 crore, while Mazagon Dock Shipbuilders attracted Rs 78 crore, pushing MF exposure to Rs 1,727 crore. Other stocks that saw positive MF inflows include Zen Technologies, BEML, Data Patterns, Garden Reach Shipbuilders, Mishra Dhatu Nigam, and Dynamatic Technologies, with investments ranging between Rs 2 crore and Rs 60 crore. On the flip side, Bharat Electronics experienced the largest outflows, with mutual funds trimming stakes by Rs 893 crore, reducing total holdings to Rs 33,619 crore. Smaller outflows were also recorded in Cochin Shipyard, Astra Microwave Products, Unimech Aerospace, and MTAR Technologies. Defence: A Tactical and Structural Investment Opportunity Experts remain bullish on the sector's prospects. Sandeep Bagla of Trust Mutual Fund said rising geopolitical risks are likely to drive sustained increases in defence spending, positioning the sector as a compelling multi-year investment opportunity. Anil Rego of Right Horizons PMS described the defence space as both a tactical and structural play, driven in the near term by higher defence budgets and procurement momentum, and supported in the long term by consistent government investment, a growing export pipeline, and reforms aimed at innovation and self-reliance. First Published: May 19, 2025, 10:46 IST
