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Aurionpro Solutions PAT grows 36% yoy to ₹34cr in Q2FY24

Oct 26, 2023

By: BlinkX Research Team

Aurionpro Solutions Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2023. The Company has posted strong YoY performance and the Company remains on track to meet the guided performance targets for FY24.

Results Highlights:

• Revenue for the quarter stood at ₹211cr, a growth of 37% on a YoY basis.
• EBITDA for Q2FY24 stood at ₹46cr as compared to ₹35cr in Q2FY23, a growth of 32% on a YoY basis. 
• EBITDA margins for the quarter stood at 21.82%. 
• PAT for Q2FY24 stood at ₹34cr, which is a growth of 36% on a YoY basis. 
• PAT margins for the quarter stood at 16.10%.

Operational Highlights:

Banking & Fintech

• Integro, an Aurionpro subsidiary, announces major win in the Philippines market for license, implementation and maintenance of Smart Lender Commercial (SMLC) LOS to one of the largest banks in Philippines. 
• Aurionpro receives major orders for the upgrade and enhancement of iCashpro+ from large existing customers.
• Aurionpro announces acquisition of Interact DX, the leading digital engagement platform for Banking and Insurance industry.

Technology Innovation Group

• Aurionpro Transit Pte. Ltd., announces an order win for the rapid transit bus project in the city of Merida, Mexico.
• Aurionpro bags order from one of the largest non-banking auto-finance companies based in Philippines for cloud managed services. 
• Aurionpro with Webwerks begins implementation of phase 2 of DC Build projects in Bangalore and Hyderabad. 
• Aurionpro continues to secure multiple projects to enable various digital and automation initiatives of the Central and State governments in India.

"We are quite happy to see all our 4 major growth bets accelerating at the same time, and we are scaling up both the organizational framework as well as the capacity to support this growth well into the future", Ashish Rai, Vice-Chairman & CEO said.