Aurionpro Solutions is totally killing it with their epic growth streak, hitting a revenue of ₹887 Cr in FY24, which is a whopping 35% increase from last year. They just dropped their audited financials for the quarter and year ending March 31, 2024, and it’s all looking super lit. They’re also giving out bonus shares in a 1:1 ratio and recommending a dividend of ₹2.5 per equity share post-bonus.
For Q4FY24, they pulled in ₹247 Cr, up 29% from the same quarter last year. Their EBITDA hit ₹52 Cr, marking a 30% rise, and PAT zoomed to ₹40 Cr, a massive 48% jump. For the full year, revenue was ₹887 Cr, EBITDA was ₹193 Cr, and PAT stood at ₹143 Cr, showing year-on-year growth of 35%, 33%, and 40%, respectively. The EBITDA margin for the year was 21.80%, while PAT margin was 16.10%.
Aurionpro snagged some major wins in the banking and fintech space. They secured a sweet deal with State Bank of India worth close to ₹100 Cr for their iCashpro+ platform. They also locked in orders from two big private sector banks in India for their new Interact DX service and kicked off a multi-million-dollar partnership with a major US fintech player. Their subsidiary, Integro Technologies, scored new projects in Vietnam and Myanmar, and even made waves in Malaysia with their Trade Limits solution.
In the tech innovation group, Aurionpro landed a significant contract with the Government of Haryana for the HAPPY Scheme, set to issue 5 million open-loop cards initially. They also bagged a big order from IIT Bombay for a high-performance data center and secured consultancy gigs for Iron Mountain-Webwerks’ new projects in Chennai and Bangalore. They completed Uptime Tier IV DC certification for RBI’s data center in Bhubaneswar, a rare achievement in India.
On the corporate front, Aurionpro successfully raised ₹577 Cr through preferential and QIP fundraising, attracting top-tier investors. They’ve now joined the elite club of top 1,000 companies by market capitalisation. Ashish Rai, Vice-Chairman & CEO, highlighted the strong demand for their offerings and the company’s stellar execution. They’ve consistently surpassed a 30% year-on-year growth rate for three years straight and are eyeing 30-35% revenue growth for FY25.
Aurionpro’s growth in banking and fintech is driven by strategic investments in new products and key partnerships, leading to significant wins and expansion in Asia, the US, and Europe. Their tech innovation segment is thriving with strong growth in transit payments and hybrid cloud and data centre businesses. Strategic partnerships with Mastercard and Vix are expanding their global reach in open-loop payments.
They’ve also made a strategic acquisition in the AI space, combining their enterprise software with a top-tier AI platform for banks and insurers. This move positions them to shape AI adoption in these sectors globally. Aurionpro is now one of the few global vendors with a robust enterprise software portfolio and deep expertise in AI applications, poised to create major value for clients and accelerate growth.
