Dynacons Systems & Solutions Ltd (Dynacons), a leading technology solutions provider in India, has announced a significant new contract win valued at ₹51.28 crores. The company has secured additional orders for its Advanced Core Banking as a Service (CBaaS) Solution along with Allied Applications for State and District Co-operative Banks, under the initiative of the National Bank for Agriculture and Rural Development (NABARD).

Contract Details

The newly secured contract builds upon Dynacons' existing collaboration with NABARD and focuses on implementing an advanced Core Banking Solution based on Infosys Finacle 10.2.25, utilizing the Application Service Provider (ASP) model. This project aims to enhance the technology infrastructure of rural cooperative banks, facilitating faster and easier credit delivery systems while promoting financial inclusion initiatives.

Scope of Work

The scope of the project includes:

• Migration of NABARD's Core Banking Solution (CBS) to Finacle 10.2.25
• Implementation of CBS (Finacle 10.2.25) on Dynacons Cloud
• Deployment of hardware, database, middleware, and network components
• Comprehensive testing phase
• Extensive maintenance support for NABARD and associated state cooperative banks

Project Highlights

Himachal Pradesh State Cooperative Bank Implementation

As part of this order, Dynacons will also implement its Core Banking as a Service Solution for the Himachal Pradesh State Cooperative Bank Ltd., headquartered in Shimla. This implementation will cover a network of 262 branches and 10 administrative offices.

Company Statement

Dynacons Systems & Solutions Ltd has confirmed that this contract does not fall under related party transactions, and neither the promoter nor the promoter group has any interest in the entities awarding the order.

This new contract reinforces Dynacons' position in the financial technology sector and demonstrates its capability to deliver advanced banking solutions to cooperative banks across India. The project aligns with NABARD's initiative to modernize rural financial institutions and promote financial inclusion through technology adoption.

Dynacons Systems & Solutions Limited , a leading IT solutions provider, has reported a strong start to the fiscal year 2026 with a 10% increase in net profit for the first quarter ended June 30, 2025.

Financial Highlights

• Consolidated revenue reached ₹32,977.12 lakhs, up 2.3% year-on-year
• Net profit after tax rose to ₹1,959.72 lakhs, a 10% increase from ₹1,781.99 lakhs in Q1 FY2025
• EBITDA margin improved to 8.6% from 8.2% in the corresponding quarter last year
• Earnings per share stood at ₹14.12

Business Expansion and Certifications

The company has made significant strides in expanding its business and enhancing its capabilities:

• Incorporated a new subsidiary, NAS Global Industries Private Limited, on June 9, 2025
• Received ISO 27001:2022 certification for information security management systems, reinforcing its commitment to data protection and security

Dividend Declaration

In a move that will likely please shareholders, the Board of Directors has declared an interim dividend. The record date for determining eligible shareholders has been set for August 22, 2025.

Sector-wise Growth

Management highlighted continued traction in several key areas:

• Cloud migration projects
• Digital transformation initiatives
• Growth in managed services contracts, particularly in BFSI (Banking, Financial Services, and Insurance) and manufacturing verticals

Management Commentary

Dharmesh Anjaria, Executive Director & CEO of Dynacons Systems & Solutions Limited, commented on the results: "Our strong performance in Q1 FY2026 reflects the growing demand for our IT solutions and services. We're seeing robust growth across our key verticals, especially in cloud migration and digital transformation projects. The improvement in our EBITDA margin demonstrates our focus on operational efficiency."

Future Outlook

With the incorporation of NAS Global Industries Private Limited and the recent ISO certification, Dynacons Systems & Solutions is well-positioned to capitalize on new opportunities in the IT services sector. The company's focus on high-growth areas such as cloud migration and digital transformation, coupled with its strong presence in the BFSI and manufacturing sectors, suggests a positive outlook for the coming quarters.

Investors and analysts will be keenly watching how the company leverages its new subsidiary and enhanced certifications to drive further growth and maintain its profit margins in an increasingly competitive IT services landscape.