IT Software Products company Aurionpro Solutions announced Q2FY24 & H1FY24 results: Consolidated Q2FY24 vs Q2FY23: Revenue: Rs 211 crore vs. Rs 155 crore [37% increase] EBITDA: Rs 46 crore vs. Rs 35 crore [32% increase] PAT: Rs 34 crore vs. Rs 25 crore [36% increase] Consolidated H1FY24 vs H1FY23: Revenue: Rs 410 crore vs. Rs 300 crore [37% increase] EBITDA: Rs 90 crore vs. Rs 67 crore [33% increase] PAT: Rs 66 crore vs. Rs 49 crore [34% increase] Ashish Rai, Vice-Chairman & CEO said, “We are very pleased with the continued growth momentum in H1 across all the major business lines. These results and the exceptionally strong demand pipeline provide great validation of our chosen long-term strategy to create a differentiated, global product and platform player. The revenue for H1FY24 stood at Rs 410 crore and PAT at Rs 66 crore, an increase of 37% and 34% respectively compared to the corresponding period last year. This strong business performance gives us the ability to keep stepping up our investments in ground-up R&D; as well as selective M&A; while maintaining industry-leading EBITDA and PAT margins of 22% and 16% respectively. This strong business performance is largely the result of an exceptionally disciplined execution from our 2000+ team members who have raised the bar on what it means to be an innovative, R&D-led; tech organization that creates value through products that can compete and win globally. Our sales channel expansion over the last 4 quarters is already exceeding expectations, with some truly exceptional sales talent choosing Aurionpro to come and do their best work. We also continue to lead the Indian tech industry in creating new and unique solutions jointly with global Fintech providers by licensing Aurionpro technology to work together with other industry-leading products and platforms. These collaborations set us up very well to influence the direction our industry evolves in while driving our growth sustainably over the long run." Result PDF
Conference Call with Aurionpro Solutions Ltd. Management and Analysts on its acquisition of InteractDX. Listen to the full earnings transcript.
IT Software Products company Aurionpro Solutions announced Q1FY24 results: Revenue for Q1FY24 stood at Rs 199 crore, a growth of 36% on a YoY basis and 4% on a QoQ basis. EBITDA for Q1FY24 stood at Rs 44 crore as compared to Rs 33 crore in Q1FY23, a growth of 33% on a YoY basis and 10% on a QoQ basis. EBITDA margins for Q1FY24 stood at 22% PAT for Q1FY24 stood at Rs 32 crore, which is a growth of 33% on a YoY basis and 19% on a QoQ basis. PAT margins for Q1FY24 stood at 16%. Ashish Rai, Vice-Chairman & Director said “We continued our strong growth momentum of the last several years and the businesses delivered another quarter of record growth with revenue and PAT growing at 36% and 33% YoY respectively while maintaining our industry-leading margins. This excellent performance is the result of a good demand environment for both of our core businesses, increasing global competitiveness of our product and platform offerings, and highly disciplined execution from our teams across R&D;, Sales, and Delivery. Our R&D; teams had an exceptional quarter with some significant product launches from TIG as well as the achievement of regulatory approval for payments offering and significant enhancements to three of our core product offerings. We also continue to see highly encouraging results from the sales channel expansion that we have been investing in over the last few quarters. Our chosen strategy to become a Global products and platforms player centered around industry-leading IP Assets continues to show its outperformance over our peer group in terms of win rates and ability to drive industry-leading growth and margins. The demand environment for our core offerings remains strong and we feel that we are well-placed to deliver on our guidance of driving 30-35% growth for FY24. As we go further into the year, we will continue our focus on driving a large part of the reinvested capital into enhancing our R&D; spend, as well as continue to invest in expanding capacity to meet the demand from new markets and adjacencies in the value chain. While we will continue to build highly valuable proprietary technology, we are strong believers in collaboration with other ecosystem players, which creates a significant value for the end client. We will double down our emphasis on building ecosystem partnerships and joint value propositions with other global fintech players to innovate and change the status quo for the industry and end clients. I strongly believe that we are still in the very early stages of tapping into a large global addressable market for each of our strategic bets and we will remain sharply focused on executing with energy and discipline to continue to deliver strong revenue and profit growth in FY24 and beyond.” Result PDF
Conference Call with Aurionpro Solutions Ltd. Management and Analysts on Company Performance and Outlook. Listen to the full transcript.