Aurionpro Solutions Limited announced a 33% year-on-year increase in profit after tax (PAT) for the third quarter ending on December 31, 2024, reaching ₹48 crore. Revenue from operations also saw a 33% growth, totaling ₹306 crore, driven by the banking and fintech segment.
The banking and fintech division saw a substantial 41% growth, amounting to ₹474 crore in the first nine months of FY25, while the Technology Innovation Group experienced a 23% increase, reaching ₹372 crore during the same period.
Ashish Rai, Global CEO of Aurionpro Solutions, attributed the strong growth in the banking sector to the demand for their platforms, particularly in transaction banking for large corporate banks. The company’s EBITDA margin increased marginally to 20.85% from 20.29% in Q2. On the NSE, Aurionpro Solutions Limited’s shares closed at ₹1,426.05, down by 0.90%.
During the quarter, the company expanded its presence in Europe through the acquisition of Fenixys, a consulting firm specializing in capital markets services. This move is aimed at strengthening relationships with major banks in France, the Nordics, and the UK.
In the transit sector, Aurionpro secured significant contracts with Delhi Metro and Chennai Metro for automated fare collection systems. The Delhi Metro project covers AFC technology delivery for Phase I, II, and III networks, while the Chennai Metro contract includes Phase II implementation.
Aurionpro also introduced two new platforms: AryaXAI, an AI explainability platform, and SmartLender ESG, a platform for sustainable lending. The company’s efforts in the Middle East market, particularly in Saudi Arabia, resulted in multiple deals for its i-Cashpro transaction banking platform.
Furthermore, Aurionpro’s data center division secured projects with a leading hyperscale player in India, including an edge data center project in the NCR region. The company’s order book has exceeded ₹1,300 crore, with the Technology Innovation Group contributing around 60%.
Despite a credit rating enhancement, Aurionpro has no immediate plans for capital raising. The company aims to maintain organic growth at 30-35% without the need for additional capital. Aurionpro continues to focus on partnerships, especially in the FinTech sector, collaborating with global players like MasterCard, Finastra, and Murex.
The article was originally published on January 28, 2025.
