Aurionpro Solutions Limited Posts Strong Unaudited Financial Results for Q3FY24

Feb 06, 2024: Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO), a leading global technology solutions provider, has reported its unaudited financial results for the quarter and nine months ending December 31, 2023. The company’s robust performance in Q3FY24 positions it well to achieve its guided performance expectations for the fiscal year 2024.

In Q3FY24, Aurionpro recorded a consolidated revenue of Rs. 231 crore, representing a remarkable growth of 37% compared to the corresponding quarter in the previous year. The company’s EBITDA for the quarter stood at Rs. 51 crore, marking a significant increase of 38% year-over-year. Profit after tax (PAT) for Q3FY24 amounted to Rs. 38 crore, reflecting a substantial growth of 45% compared to the same period last year.

For the nine months ending December 31, 2023, Aurionpro reported consolidated revenue of Rs. 641 crore, up by 37% from the corresponding period in the previous fiscal year. The company’s EBITDA for 9MFY24 stood at Rs. 141 crore, marking a growth of 35% year-over-year. PAT for the nine-month period amounted to Rs. 103 crore, reflecting a significant increase of 37% compared to the same period last year.

The company’s strong performance was underpinned by key operational highlights across its Banking & Fintech and Technology Innovation Group segments. Aurionpro’s recent achievements include winning prestigious awards, securing new orders, and expanding its presence in strategic markets such as India, Australia, and Mexico.

Commenting on the results, Mr. Ashish Rai, Vice-Chairman & CEO of Aurionpro Solutions Limited, expressed his satisfaction with the continuing strong growth momentum. He highlighted the company’s robust performance in Q3 and 9M FY 2024, emphasizing the sustained growth trajectory and the achievability of long-term growth ambitions. Mr. Rai underscored the company’s strategic focus on building a robust direct sales channel, forming strategic partnerships, and executing its expansion strategy to penetrate key markets.

With an order book exceeding INR 900 crores and a strong demand environment for its key offerings, Aurionpro remains confident in sustaining its strong growth trajectory in the upcoming quarters. The company’s disciplined execution, focus on innovation, and proactive approach to mergers and acquisitions position it well to achieve its long-term growth objectives outlined in Vision 2030.