Aurionpro Solutions consolidated net profit rises 173.85% yoy in Q2; stock hits upper circuit

With Robust order book in hand of more than Rs500cr, we are optimistic of sustainable revenue growth and profitability in the coming years, the company said.

Oct 26, 2021 02:10 IST India Infoline News Service

Aurionpro Solutions
Aurionpro Solutions announced its unaudited financial results for the Quarter and Half Year ended 30th September 2021.

Net profit of the company jumped 173.85% to Rs19.58cr in the quarter ended September 2021 as against Rs7.15cr during the previous quarter ended September 2020. Sales increased 39.40% to Rs122.23cr in the quarter ended September 2021 as against Rs87.68cr during the previous quarter ended September 2020.

In the filing, the company said “the performance is particularly impressive on the back of healthy pipeline across all segments and strong order book. We expect sustainable growth across verticals with enhanced margins & profitability. With Robust order book in hand of more than Rs500cr, we are optimistic of sustainable revenue growth and profitability in the coming years.”

The stock is currently trading at Rs218.85, up by Rs10.4 or 4.99% from its previous closing of Rs208.45 on the BSE. The scrip opened at Rs218.85 and has touched a high and low of Rs218.85 and Rs213 respectively.

Operating & Financial leverage led to increased revenue directly flow to profitability, increasing PAT margins from 8.9% to 15.5%, an increase of ~660 bps for Q2FY22.

Mr. Paresh Zaveri, Chairman & Managing Director of Aurionpro Solutions Ltd said: We are very close to our target of becoming an effective debt free company and also continue to strengthen our balance sheet. We expect this process to sustain at better pace in second half of the year. The economic outlook, globally as well as in domestic market remains robust and the same is reflected in the strong order pipeline across all segments. The robust order book combined with healthy pipeline across all business verticals sets us for sustained growth and profitability. We shall continue to work on our next generation platform developments.”

“On the business front, Banking & Fintech continues to maintain healthy performance and profitability. During the quarter, we signed multiple deals with some large banks from East Asian markets for enhancement and upgrades. We are also seeing good momentum in domestic markets. The outlook for this segment remains positive,” Paresh Zaveri said.

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