Aurionpro Solutions Limited Announces Q2FY19 Financial results

Deepthi | Myequity news | Date : 27-10-2018 20:50:00 IST

Aurionpro, a global technology solutions leader that helps clients accelerate Digital Innovation, Securely and Efficiently announced its quarterly financial results.

Performance Snapshot for Q2 FY19 (Q-o-Q)

Revenue Growth of 12%
•The Company recorded Revenue of Rs. 134 Crs during Q2FY19, as against Rs. 120 Crs in Q1FY19 a growth of 11.5% on Q-o-Q basis.

EBITDA growth of 41%
•EBITDA for the quarter stood at Rs. 29 Crs as against Rs. 24 Crs in Q1FY19 an increase of 20.5% on Q-o-Q basis. EBIDTA margins stood at 21.7% an increase of ~160 Bps as compared to Q1FY19.

Profitability growth of 52%
•PAT for the quarter stood at Rs. 19 Crs as against Rs. 12 Crs in Q1FY19 an increase of 52% on Q-o-Q basis. PAT margin grew by ~385 Bps as compared to Q1FY19. PAT margins for the quarter stood at 14.4%.

Commenting on the results and performance, Mr. Paresh Zaveri, Chairman & Managing Director of Aurionpro Solutions Ltd said: “We are pleased with the performance of your company for half year ended September 2018 with revenue growth of 19%, EBITDA growth of 39% and Net Profit growth of 125%. Our Continuous investment in R & D, Product & Platform enhancement is beginning to yield result which is evident in our Financial & Operating performance for the quarter. We will continue to invest in building new age world class products and create thought leadership in respective business verticals. We are seeing good traction & market acceptance in our Banking Business and witness a sustainable growth momentum going forward. We are actively looking out for more opportunities in the Smart Cities and Smart Transportation of government business in India and Globally. Our recent strategic investment in SC Soft, ingapore with enhance our capabilities in execution and entering into newer geographies. Moving forward, we expect stronger performance for the second half of the year with continuous momentum to be carried to the next year.”

About Aurionpro Solutions Limited:

Aurionpro Solutions Ltd (ASL) is a global technology solutions leader that helps enterprises accelerate their digital innovation, securely and efficiently. It combines core domain expertise, thought leadership in innovation, security and leverages industry leading IP to deliver tangible business results for global corporations.

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