The data center sector in India is experiencing significant growth, driven by the increasing demand for data storage and processing capabilities. This growth is fueled by the rise of digital services, cloud computing, and advancements in technologies like 5G, AI, and IoT.
With major investments from both domestic and international players, data center stocks represent a promising avenue for investors looking to capitalize on this trend.
Listed below is one such data center stock in which Goldman Sachs bought fresh stake in Q1FY25:
Aurionpro Solutions Ltd
With a market capitalization of Rs. 7,863 crores, the shares of Aurionpro Solutions started Monday’s trading session on a lower note at Rs. 1,425.10 compared to its previous close of Rs. 1,429.50. During the trading session, the shares hit a high of Rs. 1,450, gaining around 2 percent and are currently trading at Rs. 1,446 apiece.
Looking at the company’s financial performance, the revenue increased by 7 percent from Rs. 231 crores during the December quarter to Rs. 247 crores in the March quarter. In addition, the net profits increased by around 3 percent from Rs. 38 crores to Rs. 39 crores during the same period.
Comparing the same metrics on a YoY basis, the revenue zoomed by 29 percent from Rs. 191 crores during Q4FY23 to Rs. 247 crores in Q4FY24. On the other hand, the net profits surged by 44 percent from 27 crores to Rs. 39 crores during the same timeframe.
Earlier, Aurionpro secured a significant contract with the State Bank of India for the implementation of its iCashpro+ cash management platform, which is designed to streamline transaction banking services.
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Further, Aurionpro has expanded its presence in the data center segment, securing consultancy orders from Iron Mountain-Webwerks and completing an Uptime Tier IV certification for the RBI data center in Bhubaneswar.
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
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 banking, 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. 79.6 crores.
Meanwhile, the DIIs have also increased stakes by 2.19 percent from 0.73 percent duirng Q4FY24 to 2.92 percent in Q1FY24.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 15.16 percent and a return on capital employed (RoCE) of 18.36 percent for the period spanning FY23-24. Additionally, during the same period, the net profit margin stood at 16.10 percent.
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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