Aurionpro Solutions PAT increases nearly four-fold to Rs4cr; Stock hits record high

The company’s revenue for Q1FY22 stood at Rs115.8cr, a growth of ~54% yoy.

Jul 26, 2021 03:07 IST India Infoline News Service

Aurionpro Solutions
Aurionpro Solutions Limited announced its un-audited financial results for the quarter and year ended June 30, 2021. Revenue for Q1FY22 stood at Rs115.8cr as showcasing a strong rebound from Rs75.2cr in Q1FY21, a growth of ~54% yoy. Revenue growth on a sequential basis stood at 5.1% signifying a sustained growth trajectory.

“The performance is particularly impressive in the backdrop of the disruptions caused due to the second wave of the covid-19 in domestic market and continued shutdowns in South East Asian countries. We expect to maintain growth trajectory, both in sales and profitability,” the company said in a filing on Friday.

EBIDTA for Q1FY22 stood at Rs24.5cr as compared to Rs16.5cr in Q1FY21, a growth of 48% on yoy basis. EBIDTA margin for Q1FY22 stood at 21.1% as compared to 21.9% in Q1FY21. Profit after tax grew by 288% to Rs15.4cr in Q1FY22 as compared to Rs4.0cr in Q1FY21.

Operating & Financial leverage led to increased revenue directly flow to profitability, increasing PAT margins from 5.3% to 13.3%, an increase of ~800 bps

Aurionpro Solutions Ltd istock trade on Monday ended on a bullish note at Rs227 per piece up by Rs21.8 or 10.62% from its previous closing of Rs205.20 per piece on the BSE. The stock hit new 52-week high of Rs238 per piece during intraday trade on Monday. 

“We are pleased to announce strong beginning to current financial year and expect to continue the momentum in quarters ahead. We are expecting a phase of robust growth across all business segments. With solid performance and strong cash flows, we plan to become net debt free by October this year. Additionally, new product offerings are slated in coming quarters which include launch of a new product in transit space and cloud based offering of our banking products,” Paresh Zaveri, Chairman & Managing Director of Aurionpro Solutions Ltd, said.

“For Q1 results, we are pleased with the sustained strength in our performance. There was a significant uptick in the performance on all parameters. The revenue for the Q1 is at Rs115.80cr growth of 54% over the same period last year and more importantly net profit at Rs15.4cr, shows growth of 288% over the same period last year. The performance is particularly impressive in the backdrop of the disruptions caused due to the second wave of the covid-19 in domestic market and continued shutdowns in South East Asian countries. We expect to maintain healthy growth both in sales and profitability. We will continue to focus on improving operational efficiencies and underlying structure for future multi fold growth of the company,” Zaveri added.

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