On Wednesday, the leading technology company, which predominantly serves the banking, mobility, payments, and government sectors, saw its stock surge by 5% to ₹2,634 per share,following the announcement of a 1:1 Bonus issue.
At 11:40 p.m., Aurionpro Solutions shares were trading at ₹2,530, indicating a 0.17 percent rise from the closing price of the prior session on the Stock Exchange. The company has a market capitalization of ₹6,925 crore.
As per the company’s exchange filing, the Board announced the approval of issuing Bonus Shares at a ratio of 1:1. which means the company would issue one bonus share for every share owned by existing shareholders.
Regarding financial performance, for the quarter ending March 2024 (Q4FY24), the company reported a consolidated net profit of ₹39 crores, a significant increase of 50% from the ₹26 crores recorded in Q4FY23.
Moreover, the total revenue for the same quarter experienced a substantial surge of 29%, amounting to ₹193 crores compared to ₹248 crores in the corresponding quarter of the previous year.
For the fiscal year 2024 (FY24), the company achieved a revenue of ₹887.47 crores, marking a notable growth of 35% YoY, while the EBITDA reached ₹193.43 crores, representing a growth of 33% YoY.
The EBITDA margins for the full year stood at 21.80%, and the PAT for FY24 was ₹142.93 crores, indicating a growth of 40% YoY, with PAT margins for the full year at 16.10%.
In Q4FY24, the EBITDA amounted to ₹52.59 crore compared to ₹40.44 crores in Q4FY23, marking a growth of 30% on a YoY basis, with EBITDA margins for the quarter at 21.30%. Additionally, the company’s board has recommended a dividend of ₹2.5 per equity share.
According to the latest shareholding pattern, the promoters hold a 29.91 percent stake, while Foreign Institutional Investors (FIIs) hold a 6.27 percent stake in the company.
Over the last six months, Aurionpro Solutions Ltd shares have appreciated by 37%, and over the last 12 months, they have surged by an impressive 357%.
Aurionpro Solutions Ltd is a global technology solutions leader that helps clients accelerate digital innovation, securely and efficiently. The Company is engaged in providing solutions in Corporate Banking, Treasury, Fraud Prevention and risk management, Internet Banking, Governance and Compliance.
Written by Omkar Chitnis
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