Aurionpro Solution Shares Tumbled Over 3% After Release of Q2 FY25 Results

Aurionpro Solutions Limited has announced its unaudited financial results for the quarter and half-year ending September 30, 2024. The company continues to demonstrate robust growth and innovation across its operational segments, particularly in Banking & Fintech and Technology Innovation.

Operational Highlights: Banking & Fintech

Aurionpro has made significant strides in the Banking & Fintech sector. The company successfully launched a next-generation Transaction Banking Platform in Saudi Arabia, securing its first contract with a leading regional bank. Additionally, Aurionpro has entered into a major agreement with Malaysia’s top bank to modernize its Corporate Lending Processes, showcasing its capability to deliver cutting-edge solutions.

In a notable achievement, Aurionpro Payments went live as an online payment aggregator at the Global Fintech Fest 2024. The launch included innovative offerings such as AuroCheck, a digital onboarding platform designed to enhance user experience. Furthermore, Integro Technologies, a subsidiary of Aurionpro, has been recognized as a Category Leader in five key quadrants of Corporate Lending by Chartis, an esteemed independent research and advisory firm. This accolade underscores Aurionpro’s commitment to innovation and excellence in the financial technology sector.

The company’s latest acquisition, Arya.ai, has also made a significant impact by securing partnerships with major banks in India for the implementation of its AI-driven solutions. The successful activation of various use cases across Aurionpro’s offerings further solidifies its position as a leader in next-generation technology for banks and financial institutions. Additionally, OmniFin has reported new order wins in the Indian market and has expanded its reach internationally with key contracts in the Middle East.

Technology Innovation Group Highlights

In the Technology Innovation Group, Aurionpro secured a landmark order to deliver, implement, and maintain the Safe City project for the Panvel Municipal Corporation. The company also bagged substantial orders for data centre design and construction from partners such as Webwerks and Iron Mountain, aimed at establishing high-performance computing data centers across multiple cities in India. Furthermore, Aurionpro won a prestigious contract to supply and implement automated gates and validators for a metro project in one of India’s major metropolitan areas, marking another significant milestone in its growth trajectory.

Mr. Ashish Rai, Group CEO said “I am pleased to announce another quarter of continuing strong performance. For the first half of FY25, our revenue grew by 32%, and we successfully maintained our industry-leading margins and R&D spending. This has enabled the business to sustain its strong earnings growth trajectory for the 17th consecutive quarter, with PAT expanding by 37% in H1 FY25. We continued to see strong demand across both our segments and our teams continued their focus on expansion and disciplined execution to keep capitalising on this strong demand environment. Over the past 17 quarters, every quarter gone by has further reinforced our confidence in our strategy to build out a Global Products and platforms player within our chosen segments and this quarter was no different, providing another strong proof point of market relevance and competitiveness of our chosen business model.” 

On October 22, 2024, at 10:27 AM, Aurionpro Solution shares opened at ₹1,690.00 and touched the day low of ₹1,641.60, reflecting a fall of 5% from the previous close

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