Aurionpro Solutions logs robust Q3 earnings; Stock ends in green

27 Jan 2022 , 04:00 PM

Aurionpro Solutions Limited posted healthy growth on all parameters in the financial results for the quarter ended December 31, 2021, maintaining the trajectory witnessed since the last few quarters.

Revenue for Q3FY22 stood at Rs129.51cr, a growth of 28.2% yoy. During the quarter, a slew of new wins was announced, particularly in the smart mobility space. The outlook for coming quarters remains robust, the company said in a filing on Thursday. The order book in hand is more than Rs600cr and with the healthy additions to the pipeline, we expect to maintain trajectory during FY23.

EBIDTA for Q3FY22 stood at Rs29.88cr as compared to Rs22.64cr in Q3FY21, a growth of 32% yoy. EBIDTA margin for Q3FY22 stood at 23.1%, a growth of ~70 bps yoy. EBIDTA for Nine Months of FY22 stood at Rs81.12cr as compared to Rs60.01cr for 9MFY21, a growth of 35.2% yoy.

Profit after tax for Q3FY22 stood at Rs19.70cr, growing significantly by 113% yoy. PAT margin for Q3FY 22 was at 15.2% which has significantly improved compared with 9.2% of Q3FY21, a growth of 600 bps.

Profit after tax for the nine months of FY22 stood at Rs54.01cr, growing by ~157% compared to the same period of FY22. PAT margins for 9MFY22 stood at 14.7%, a growth of 670 bps yoy.

Aurionpro Solutions Ltd ended at Rs336.65 per share up by Rs3 or 0.9% from its previous closing of Rs333.65 per share on the BSE.

Paresh Zaveri, Chairman & Managing Director of Aurionpro Solutions Ltd said: “The performance for Q3FY22 continues upward trend, a robust improvement across all parameters. Along with the strong performance, we continue to focus on paring down the debt and strengthen the balance sheet, as can be seen from significant reduction in interest payout. The strong order book and robust pipeline will allow us to sustainably grow both sales and profitability in coming quarters. as seen during this quarter, understandably the tax outgo will continue to increase. We expect to close our investments in SC Soft and Toshi automatic from our internal accruals.

Additionally, our investments in new products and platform development are now part of routine expenses while we continue to maintain strong operational growth. On the business side, we announced slew of new order wins which included some large ticket orders and strategic projects marking our foray into newer territories.”