Aurionpro Solutions Limited, listed on both BSE (532668) and NSE (AURIONPRO), has unveiled its unaudited financial results for Q2 FY24 ending 30th September 2023. The technology solutions provider, primarily catering to sectors like Banking, Mobility, Payments, and Government, showcased a robust YoY performance.

Key Financial Insights:

• Revenue Dynamics: The Q2 FY24 revenue marked INR 211 Cr, reflecting a 37% YoY growth.
• EBITDA Performance: Q2 FY24 EBITDA reached INR 46 Cr, up by 32% YoY from INR 35 Cr in Q2 FY23. The EBITDA margins stood at a commendable 21.82%.
• Profit After Tax (PAT): The quarter’s PAT was recorded at INR 34 Cr, indicating a 36% YoY surge with margins at 16.10%.

Comparative Financial Performance: Q2 FY24 vs. Q2 FY23

• Revenue was Rs. 211 crore compared to Rs. 155 crore, up by 37%.
• EBITDA went from Rs. 35 crore to Rs. 46 crore, growing by 32%.
• PAT saw a rise from Rs. 25 crore to Rs. 34 crore, a 36% increase.

First Half-Year Performance: H1FY24 vs. H1FY23

• Revenue experienced a jump from Rs. 300 crore to Rs. 410 crore, marking a 37% increase.
• EBITDA ascended from Rs. 67 crore to Rs. 90 crore, a growth of 33%.
• PAT climbed from Rs. 49 crore to Rs. 66 crore, denoting a 34% boost.

Operational Achievements:

Banking & Fintech:

– Aurionpro’s subsidiary, Integro, clinches a significant win in the Philippines, securing a deal related to the Smart Lender Commercial (SMLC) LOS with a leading bank.

– Major orders for the iCashpro+ upgrade and enhancement have been bagged by Aurionpro from its existing clientele.

– The acquisition of Interact DX, a premier digital engagement platform for the Banking and Insurance sectors, was announced.

Technology Innovation Group:

• Aurionpro Transit Pte. Ltd. celebrates an order win for a rapid transit bus project in Merida, Mexico.
• An order from a leading non-banking auto-finance company in the Philippines has been secured for cloud managed services.
• Collaborative projects with Webwerks for DC Build projects in Bangalore and Hyderabad have commenced.
• Several projects focusing on the digital and automation initiatives of the Central and State governments in India have been acquired by Aurionpro.

CEO’s Perspective:

Ashish Rai, Vice-Chairman & CEO, expressed satisfaction over the H1 growth across all business lines, attributing the performance to the unwavering dedication of their 2000+ team members. He emphasized Aurionpro’s strategy and collaborations with global Fintech providers, aiming to drive sustainable growth in the future. The CEO also highlighted recent acquisitions, including Interact DX and Omnifin, which align with the company’s growth vision.

  Ashish Rai, Aurionpro Solutions, India