Aurionpro Solutions posts 33% YoY profit growth in Q3, order book exceeds ₹1,300 crore 

Aurionpro Solutions Limited reported a 33 per cent year-on-year growth in profit after tax (PAT) at ₹48 crore for the third quarter ended December 31, 2024, while revenue from operations increased by 33 per cent to ₹306 crore, led by growth in its banking and fintech segment.

The banking and fintech segment led the growth with a 41 per cent increase, reaching ₹474 crore in the first nine months of FY25, while the Technology Innovation Group recorded a 23 per cent growth, amounting to ₹372 crore during the same period.

“Banking continues to grow very strongly. That is thanks to the demand that we see for our platforms. On the transaction banking side, there is exceptionally strong demand in terms of transformation need, especially within the large corporate banks,” said Ashish Rai, Global CEO, Aurionpro Solutions.

EBITDA margin rose marginally to 20.85 per cent from 20.29 per cent in Q2. The shares of Aurionpro Solutions Limited closed at ₹1,426.05 down by ₹12.90 or 0.90 per cent on the NSE today.

The company expanded its European presence through the acquisition of Paris-based Fenixys, a consulting firm specializing in capital markets services. The acquisition aims to strengthen relationships with large banks in France, the Nordics, and the UK.

In the transit sector, Aurionpro secured major contracts with Delhi Metro and Chennai Metro for automated fare collection systems. The Delhi Metro project encompasses AFC technology delivery for Phase I, II, and III networks, while the Chennai Metro contract covers Phase II implementation.

The company launched AryaXAI, an AI explainability platform, and SmartLender ESG platform for sustainable lending. “We run one of the most advanced AI explainability labs probably in the world. We’ve done very, very cutting-edge research in terms of new enhanced algos, in terms of explainabilities,” Rai explained.

In the Middle East market, particularly Saudi Arabia, the company won multiple deals for its i-Cashpro transaction banking platform. The expansion includes integration with local payment systems for corporate banking services.

The data center division secured projects with a leading hyperscale player in India, including a design and turnkey build execution project for an edge data centre in the NCR region. Additional wins include design consultancy services for facilities in Mumbai and Chennai, with IT loads of 85MW and 20MW respectively.

The company’s order book has exceeded ₹1,300 crore, with the Technology Innovation Group contributing about 60 per cent. “Transit is roughly a third of the technology innovation group, but we don’t really slice the order book into various slices,” Rai noted.

Despite the credit rating enhancement during the quarter, Aurionpro has no immediate capital raising plans. “We have to keep organically growing at 30-35 per cent. We don’t really need any extra capital. The business generates enough capital to keep growing at that pace,” Rai stated.

The company maintains a strategic focus on partnerships, particularly in the FinTech sector. “We are firm believers in the open ecosystem approach to creating value. We will continue to collaborate heavily on the FinTech side with all the larger global FinTech players. We’ve got deep relationships with MasterCard, with Finastra, with Murex,” Rai added.