Small-cap stock rose 3.5 percent on a multi-million-dollar project to deliver its iTransaction Banking Solution for a leading bank across multiple South Asian countries.
Share price variations:
With a market capitalization of Rs. 8,934.65 crores, Aurionpro Solutions Ltd. rose to an intraday high of Rs. 1,665.00 representing a 3.5 percent increase from its previous closing price of Rs. 1,606.70 per share.
Reason for the Fall:
According to exchange filings, Aurionpro Solutions Ltd has received a significant multi-million-dollar project to deliver its iCashpro+ Transaction Banking Solution for a leading bank across multiple South Asian countries, enhancing the customer experience for the bank’s corporate clients.
Aurionpro’s iCashpro+ offers advanced cash management features such as digital payments, virtual accounts, and liquidity management, enabling transaction efficiency and providing real-time insights into liquidity and payment flows.
Financial Performance:
For Q1FY25 the company reported a net profit increase of 33.85 percent to Rs. 45.51 crores compared to Rs. 34 crores in Q1FY24, while revenue from operations marked an increase of 31.79 percent to Rs. 278.28 crores from Rs. 211.15 crores in comparison to the same period.
The company has an ROE of 20.02 percent and an ROCE of 22.13 percent in FY24. The company’s shares have delivered a 20.5 percent return over the past six months and 46 percent returns on a year-to-date basis.
Recent Updates:
Earlier in October, Aurionpro Solutions Limited announced a multi-million-dollar deal with a leading bank in Saudi Arabia for its iCashpro platform. In September, the company was appointed as the Technology Partner by the Municipal Corporation of Panvel for the installation of advanced surveillance and smart city technologies.
In July, Aurionpro secured a deal valued at nearly US$ 3 million with Malaysia’s leading bank to modernize its corporate lending processes, with implementation expected over a 15-month period.
In June, Aurionpro Payment Solutions Private Limited (Aurionpro Payments), a subsidiary of Aurionpro, received final authorization from the Reserve Bank of India to operate as an Online Payment Aggregator through its payments brand AuroPay.
About the company:
Aurionpro Solutions Ltd. works to provide business solutions in the fields of Transaction Banking Platforms, Customer Experience, 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.
In Q2FY25, 68 percent of Aurionpro’s revenue came from the sale of software services, while 31.29 percent was generated from the sale of equipment and product licenses. Geographically, 57 percent of the revenue was from India, 34 percent from the Asia-Pacific region (excluding India), 7 percent from the USA, and 2 percent from the Middle East and Africa region.
Written By Joseph Pv
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