Aurionpro Achieves Remarkable Q3 FY24 Results with 37% YoY Revenue Growth

Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) has reported stellar unaudited financial results for the quarter and nine months ending December 31, 2023. The company's robust Year-over-Year performance positions it confidently to meet its performance expectations for the fiscal year 2024.

Q3FY24 Financial Highlights:

• Revenue: Rs. 231 crore, up 37% YoY
• EBITDA: Rs. 51 crore, a growth of 38% YoY
• PAT (Profit After Tax): Rs. 38 crore, an impressive surge of 45% YoY

9MFY24 Financial Highlights:

• Revenue: Rs. 641 crore, showing a robust 37% YoY growth
• EBITDA: Rs. 141 crore, up 35% YoY
• PAT: Rs. 103 crore, witnessing a substantial 37% YoY increase

Operational and Industry Highlights: Banking & Fintech:

• Integro Technologies receives the Chartis RiskTech 100 - 2024 Award for Best Limits Management Software in Lending Operations.
• Aurionpro awarded the "Best Transaction Banking Implementation: Most Impactful Project" at the 5th IBS Intelligence Global FinTech Innovation Awards.
• Strategic acquisition of Omnifin®, a loan management system, to enhance the portfolio of industry-leading Lending Solutions.

Technology Innovation Group:

• Aurionpro Transit partners with MasterCard for a next-gen contactless payment method for public transport.
• Expansion in the Australian market with further orders from the leading transport agency in Canberra.
• New order for automated gates in the Mexican market for the transport agency in Merida, Mexico.

Management Commentary: Mr. Ashish Rai, Vice-Chairman & CEO, expressed satisfaction with the strong growth across major segments in Q3 and 9M FY 2024. He highlighted the company's achievement of robust performance with a revenue of INR 641 crores and PAT at INR 103 crores, both growing by 37% compared to the corresponding period last year. Rai emphasized the sustained growth momentum, confirming the attainability of long-term growth ambitions.

He further noted a significant uptick in deal activity, marked by substantial orders across key segments. The company's focus remains on scaling execution capabilities to capitalize on the strong demand environment.

Mr. Rai emphasized Aurionpro's commitment to strengthening sales, delivery, and R&D capabilities. The expansion strategy includes building a robust direct sales channel and forming strategic partnerships, illustrated by recent key partnerships in the Transit segment and acquisitions in the banking segment.

The company's order book now exceeds INR 900 crores, and with a robust demand environment, Aurionpro is well-positioned to sustain its strong growth trajectory in the upcoming quarter.

For more information, visit Aurionpro Solutions Limited.