Aurionpro Solutions Ltd Share Price – NSE /  BSE

IT - Software, Small Cap

Aurionpro Solutions announced a strategic win with a leading bank in Malaysia to modernize its corporate processes. The deal is valued close to US$ 3 million and is expected to be implemented over a 15 months period. The bank has chosen Integro Technologies, subsidiary of Aurionpro, to transform its loan origination system with SmartLender, a cutting-edge commercial loan origination solution. The commercial credit risk platform, used by leading banks across Asia, has earned Integro Technologies a category leader recognition in the Chartis RiskTech Quadrant.

With the implementation of SmartLender solution, the bank aims to automate all facets of corporate loan origination, streamline processes, and expedite processing times. SmartLender Financial Analysis module will equip the bank with comprehensive financial insights, empowering them to make informed lending decisions and mitigate risk. SmartLender ESG module will integrate Environmental, Social, and Governance considerations into the lending process, aligning with global sustainability standards. SmartCapture module will facilitate efficient data capture and seamlessly integrate with existing systems for a smooth transition. Additionally, the Solicitors' portal will streamline communication and document management with legal entities, guaranteeing adherence to regulations.

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Net profit of Aurionpro Solutions rose 36.53% to Rs 43.43 crore in the quarter ended June 2024 as against Rs 31.81 crore during the previous quarter ended June 2023. Sales rose 31.67% to Rs 261.62 crore in the quarter ended June 2024 as against Rs 198.70 crore during the previous quarter ended June 2023.

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The key benchmarks pared most of the losses and traded near the flat line in the mid-afternoon trade. The Nifty traded near the 24,400 level after hitting day’s low of 24,210.80 in early trade. Metal shares declined after advancing in the past consecutive trading session. Trading could be volatile due to the expiry of monthly index options on the NSE.

At 14:30 IST, the barometer index, the S&P BSE Sensex, was down 41.75 points or 0.05% to 80,107.16. The Nifty 50 index shed 9.80 points or 0.04% to 24,409.

In the broader market, the S&P BSE Mid-Cap index fell 0.39% and the S&P BSE Small-Cap index shed 0.06%.

The market breadth was positive. On the BSE, 2,074 shares rose and 1,774 shares fell. A total of 127 shares were unchanged.

Buzzing Index:

The Nifty Metal index fell 1.49% to 9,129. The index shed 0.06% in the past consecutive trading session.

Welspun Corp (down 3.77%), Jindal Steel & Power (down 3.74%), Steel Authority of India (down 3.22%), Hindustan Zinc (down 2.74%), Ratnamani Metals & Tubes (down 2.4%), Tata Steel (down 1.82%), National Aluminium Company (down 1.63%), NMDC (down 1.59%), Vedanta (down 1.51%) and APL Apollo Tubes (down 1.36%) slipped.

On the other hand, Jindal Stainless (up 0.32%) and Adani Enterprises (up 0.1%) edged higher.

Numbers to Track:

The yield on India's 10-year benchmark federal advanced 1.62% to 7.077 as compared with previous close 7.086.

In the foreign exchange market, the rupee higher against the dollar. The partially convertible rupee was hovering at 83.6925, compared with its close of 83.7175 during the previous trading session.

MCX Gold futures for 5 August 2024 settlement fell 1.62% to Rs 67,841.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.18% to 104.20.

The United States 10-year bond yield slipped 1.08% to 4.241.

In the commodities market, Brent crude for September 2024 settlement lost 52 cents or 0.64% to $81.19 a barrel.

Stocks in Spotlight:

Aurionpro Solutions hit an upper circuit of 5% after the company’s consolidated net profit increased 13.02% to Rs 44.60 crore in Q1 FY25 as compared with Rs 39.46 crore posted in Q4 FY24. Revenue from operations rose 5.97% to Rs 261.62 crore as compared with Rs 246.87 crore posted in Q4 FY24.

H.G. Infra Engineering added 3.58% after the company said that it has declared as L-l bidder by the Ministry of Road Transport and Highways (MORTH) for a project worth Rs 763.11 crore.

PG Electroplast rallied 7.84% after the firm reported consolidated net profit of Rs 83.69 crore in Q1 FY25, steeply higher than Rs 33.81 crore in Q1 FY24. Net revenue from operations stood at Rs 1,320.68 crore in first quarter of FY25, registering a growth of 94.90% on YoY basis.

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Revenue from operations rose 5.97% to Rs 261.62 crore as compared with Rs 246.87 crore posted in Q4 FY24.

On year on year (YoY) basis, the company’s net profit and revenue jumped 41.22% and 31.67% respectively in Q1 FY25.

Profit before tax stood at Rs 54.43 crore in Q1 FY25, registering a growth of 42.74% to Rs 38.13 crore posted in Q1 FY24.

EBITDA stood at Rs 56 crore in Q1 FY25, registering the growth of 27% YoY. EBITDA margin decreased by 70 bps to 21.22% in Q1 FY25 as compared with Rs 21.92% in Q1 FY24.

During the quarter, revenue from software services stood at Rs 181.05 crore (up 30.48% YoY), revenue from sale of equipment & product license was Rs 80.56 crore (up 34.42% YoY).

Ashish Rai, vice-chairman & CEO, Aurionpro Solutions, said, “We are pleased to report Q1 results which underline the continued growth momentum in the business and reinforce our confidence in the longer-term strategy for each of our segments. We continue to maintain a high growth trajectory for 16th consecutive quarter, beginning this year on a strong note. Group revenue for Q1 grew by 32% and PAT by 41% respectively. Our businesses continue to get stronger relative to peers in the market and we continue to see broad-based and sustainable growth across our chosen sectors.

The last quarter was particularly eventful in terms of successful execution across three important, long term strategic initiatives. We successfully raised additional capital, and it was particularly gratifying to welcome prominent global and Indian institutions to come and join our mission to build a global products and platforms player rooted in India. We also concluded the acquisition of Arya.ai, which is a significant part of our strategy to create a Global Enterprise AI player sharply focused on creating next generation AI offerings for banks and insurers globally. We were also pleased to receive final authorization from the Reserve Bank of India (RBI) for our online payment aggregator business. This approval will significantly enhance our capabilities and improve business economics in our chosen payment segments.

Our key businesses continue to demonstrate strong momentum. We have maintained our sales momentum in banking and continue to execute on a very significant pipeline across Asia, India and US. The Technology Innovation Group continues to see orderbook and pipeline momentum driven by significant client spend especially in smart transit and data center spaces.

We remain deeply grateful to our shareholders for their steadfast support in this journey. In appreciation, we are pleased to issue bonus shares which we hope will provide enhanced value for investors in Aurionpro. With our strong performance in Q1 and a positive outlook for the upcoming quarters, we feel we are well placed to deliver on our growth guidance of 30-35% for the full year.”

Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments and government sectors.

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