Dynacons Systems and Solutions Ltd

Dynacons Systems & Solutions will hold a meeting of the Board of Directors of the Company on 4 March 2025.Powered by Capital Market - Live

Net profit of Dynacons Systems & Solutions rose 39.47% to Rs 18.34 crore in the quarter ended December 2024 as against Rs 13.15 crore during the previous quarter ended December 2023. Sales rose 37.10% to Rs 311.02 crore in the quarter ended December 2024 as against Rs 226.86 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales311.02226.86 37 OPM %9.308.38 - PBDT26.7918.17 47 PBT24.7017.79 39 NP18.3413.15 39 Powered by Capital Market - Live

Dynacons Systems & Solutions will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

Dynacons Systems & Solutions announced that it featured on the list of the Deloitte Technology Fast 50 India 2024, which awards the 50 fastest growing technology companies in India. The rankings are determined based on the percentage revenue growth over the past three years. 'Making it to the Deloitte Technology Fast 50 India ranking is a testament to a company's commitment to technology,' remarked Peeyush Vaish, Partner and TMT Industry Leader, Deloitte India. 'With its work in the Transformation Tech, Dynacons Systems & Solutions Limited has proven that its leadership has the vision, determination, and ability to adapt and grow in a fast-changing environment.' Powered by Capital Market - Live

Dynacons Systems & Solutions has allotted 12,200 equity shares under ESOP on 03 January 2025. With this allotment, the paid up capital of the Company has increased to Rs. 12,72,53,300/- divided into 1,27,25,330 equity shares of face value of Rs. 10/- each. Powered by Capital Market - Live

The frontline indices traded sideways in morning trade. The Nifty traded below the 23,650 mark. Realty shares extended losses for the fourth consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex rose 15.95 points or 0.02% to 78,154.96. The Nifty 50 index lost 8.85 points or 0.04% to 23,635.95. In the broader market, the S&P BSE Mid-Cap index rose 0.02% and the S&P BSE Small-Cap index gained 0.58%. The market breadth was strong. On the BSE, 2,338 shares rose and 1,174 shares fell. A total of 181 shares were unchanged. Economy: India's fiscal deficit reached Rs 8.5 lakh crore in the first eight months of the fiscal year (April-November), representing 52.5% of the budgeted target, according to government data released on December 31st. This exceeds the deficit recorded during the same period in the previous fiscal year, which stood at 50.7%. Capital expenditure, though improving, lagged behind last year's pace. At Rs 5.13 lakh crore, it amounted to 46.2% of the budgeted target of Rs 11.1 lakh crore, compared with 58.5% achieved in the corresponding period of the previous fiscal year. Overall government spending reached 60.1% of the budgeted target, slightly higher than the 59% recorded in the previous year. Revenue receipts fell short of last year's levels. Net tax revenue collection stood at 55.9%, lower than the corresponding figure in the previous year. Buzzing Index: The Nifty Realty index lost 0.80% to 1,043.95. The index fell 3.09% in four consecutive trading sessions. Phoenix Mills (down 1.44%), Oberoi Realty (down 1.2%), DLF (down 0.97%), Prestige Estates Projects (down 0.7%), Godrej Properties (down 0.42%), Macrotech Developers (down 0.4%) and Brigade Enterprises (down 0.38%) declined. On the other hand, Raymond (up 1.70%), Mahindra Lifespace Developers (up 0.30%) and Sobha (up 0.21%) edged higher. Stocks in Spotlight: Dynacons Systems & Solutions rallied 3.17% after the company secured turnkey data centre IT infrastructure augmentation project of Canara Bank worth Rs 280 crore. SJVN jumped 5.75% after the company has signed Memorandum of Understanding (MoU) with Govt of Bihar for development of 1,000 MW Hathidah Durgawati pumped storage project and other PSPs in Bihar. NCC advanced 2.21% after the company announced that it has received an order worth Rs 349.70 crore from a private company for its Building Division. Powered by Capital Market - Live

Shares of Canara Bank fell 0.40% to currently trade at Rs 99.75 on the BSE. The project spans five years and encompasses the supply, implementation, and maintenance of cutting-edge infrastructure, including 500 servers, high-performance storage systems, and an extensive suite of IT hardware and software. By transforming Canara Bank's data center capabilities, Dynacons is poised to strengthen the bank's digital foundation and ensure seamless operations at scale. The aggregate value of the work order is Rs 280 crore, and the project is to be completed within 5 years. Dynacons Systems & Solutions (DSSL) is an IT infrastructure company providing systems integration, networking solutions, facility management services, security solutions, and software services. Canara Bank is an Indian public sector bank. As on 30 September 2024, the bank has 9,658 branches, out of which 3,115 are rural, 2,778 semiurban, 1,918 urban & 1,847 metro along with 9,881 ATMs. The bank is also having 4 overseas branches in London, New York, Dubai and Gift City.Powered by Capital Market - Live

Dynacons Systems & Solutions will hold a meeting of the Board of Directors of the Company on 3 January 2025.Powered by Capital Market - Live

The agency has also upgraded the company's short-term rating to 'ACUITE A2+' from 'ACUITE A2'. The outlook is 'stable'. Acuit' Ratings & Research said that the rating upgrade takes into account the significant improvement in the scale of operations in FY2024, and in H1 of FY2025, the same is expected to continue for the entire year FY2025. The company's earning profile operating income, absolute EBITDA, and PAT has witnessed a strong growth of 27%,43% and 62%respectively in FY2024 in comparison to previous year, backed by improvement in the order book, coupled with a track record of repeat orders from key customers, It also considers an improved financial risk profile and adequate liquidity. It also factors in a healthy order book position, which, coupled with a track record of repeat orders from key customers, DSSL caters to reputed clientele such as Facebook India, LIC, the Municipal Corporation of Greater Mumbai (MCGM), the Central Bank of India, the Reserve Bank of India (RBI), the National Payments Corporation of India (NPCI), BSNL, Punjab National Bank, the Bank of Baroda, the Brihanmumbai Municipal Corporation, and Google India, to name a few. Further, rating continues to derive strength from the promoters' extensive experience in industry. The rating is, however, constrained by its presence in a highly competitive and fragmented industry, along with intensive working capital operations, and timely realization of its receivables will remain a key rating sensitivity. Dynacons Systems and Solutions (DSSL) is an IT infrastructure company providing systems integration, networking solutions, facility management services, security solutions, and software services. It has also partnered with various IT companies, including Lenovo, Dell, HPE, HP, Cisco, IBM, Apple, Microsoft, Juniper, and Red Hat. The scrip shed 0.76% to end at Rs 1441.15 on the BSE on Friday. Powered by Capital Market - Live

Net profit of Dynacons Systems & Solutions rose 45.11% to Rs 18.24 crore in the quarter ended September 2024 as against Rs 12.57 crore during the previous quarter ended September 2023. Sales rose 39.33% to Rs 306.33 crore in the quarter ended September 2024 as against Rs 219.86 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales306.33219.86 39 OPM %8.338.64 - PBDT26.1317.50 49 PBT24.0817.12 41 NP18.2412.57 45 Powered by Capital Market - Live