The shares of this smallcap fell around 1 percent in Wednesday’s trading session despite securing an Rs. 200 crores order from Panvel Municipal Corporation. The stock has delivered more than 90 percent return in just six months to its shareholders.
Price Movement:
With a market capitalization of Rs. 10,408 crores, the shares of Aurionpro Solutions Ltd started Wednesday’s trading session on a flatter note at Rs. 1,912.90 compared to its previous close of Rs. 1,911.60.
During the trading session, the shares hit a low of Rs. 1,870.25, losing around 1 percent and are currently trading at Rs. 1,888 apiece.
What Happened:
According to the exchange filing, the company announced a significant order win from the Municipal Corporation of Panvel, located in the state of Maharashtra. As part of this project, Aurionpro has been appointed as the Technology Partner for the Panvel Safe City initiative.
The project will upgrade the city’s safety and security infrastructure through the installation of advanced surveillance and smart city technologies. It will involve setting up Data Centers, a modern Control Command Center, and Video Analytics for real-time monitoring and quicker response times.
Additionally, it will integrate advanced AI technologies, including Facial Recognition systems, an IP-based Public Announcement system, Automatic Number Plate Recognition (ANPR), and an e-Challan mechanism.
This comprehensive framework aims to enhance crime prevention and strengthen security measures, with a particular emphasis on improving safety for women.
Furthermore, the contract is a five-year deal valued at over Rs. 200 crores. The initial phase of project implementation will be executed over the next 12 months, followed by a long-term maintenance and support phase.
Financials:
Looking at the company’s financial statements, the revenue increased by 6 percent from Rs. 246.87 crores during the March quarter to Rs. 261.62 crores in the June quarter. In addition, the net profits jumped by 13 percent from Rs. 39.46 crores to Rs. 44.60 crores during the same period.
Comparing the same metrics on a YoY basis, the revenue surged by 32 percent from Rs, 198.69 crores during Q1FY24 to Rs. 261.62 crores in Q1FY25. On the other hand, the net profits zoomed by 41 percent from Rs. 31.58 crores to Rs. 44.60 crores during the same timeframe.
Management Guidance:
The positive Q1 results and management’s outlook for the upcoming quarters indicate that Aurionpro Solutions is well-positioned to achieve its full-year growth guidance of 30-35 percent.
Shareholding Pattern:
According to the latest shareholding pattern, FIIs have raised their ownership from 6.27 percent in the March quarter to 12.85 percent in the June quarter.
Among them, Goldman Sachs, a global investment banker, bought a fresh stake in the company’s shares during the recent quarter by acquiring approximately 5.56 lakh equity shares equivalent to a 2.02 percent stake and the current holding value of his investment amounts to Rs. 105 crores.
Meanwhile, the DIIs have also increased stakes by 2.19 percent from 0.73 percent duirng Q4FY24 to 2.92 percent in Q1FY24.
Data Center:
Aurionpro Solutions specializes in comprehensive data center services, offering a range of solutions from consulting to construction. Their approach emphasizes sustainability, scalability, and advanced design methodologies to meet the growing demand for data centers in India.
These services cater to various types of data centers, such as enterprise, colocation, and hyperscale data centers, as well as data centers for research and educational institutes.
Company Profile:
Established in 1997, Aurionpro Solutions Limited works in providing business solutions in the fields of Transaction Banking Platforms, Customer Experience (ACE Platform), Smart City and Smart Transportation experience and Cybersecurity solutions.
The company primarily offers software products and consulting services to the banking industry in India and abroad.
Written By Vaibhav Patil
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