Aurionpro Solutions skyrockets ~9% on exceptional Q1FY23 performance; logs a whopping 60% yoy growth in net profit

25 Jul 2022 , 03:34 PM

Aurionpro Solutions Limited reported its results for the quarter ended June 30, 2022 on July 25, 2022.

Following this, company’s counter added 9.27% in today’s trade at Rs315.95, against its previous close of Rs289.15 on NSE. So far, it hit an intraday high of Rs325.

The company stated that Q1FY23 saw a robust growth on a yoy in numbers.

Revenue for the quarter stood at Rs146 crore, clocking an exponential growth of 26% on a yoy basis and 7% sequentially, meeting the company’s estimates for FY23.

EBITDA for Q1FY23 was reported at Rs32 crore as compared to Rs24 crore in Q1FY22, a growth of over 33% on a yoy basis and 7% against the previous quarter.

The EBITDA margins in Q1FY23 stood at 22%, up by 100 bps on a yoy basis.

For Q1FY23, PAT stood at Rs24 crore registering a jump of 60% yoy. On a sequential basis, the PAT grew by 9%.

PAT margins have drastically improved by 300 Bps on yoy basis, for Q1FY23 the PAT margins stood at 16% as compared to 13% in Q1FY22.

Throughout the quarter, the company’s TIG business vertical received multiple orders from various geographies via SC Soft. It also announced several other wins during the quarter under review, reflecting on company’s exceptional performance.