Shares of this small-cap company jumped 3 percent in Tuesday’s trading session after receiving an order worth Rs. 10 crores. The shares have delivered a multibagger return of 488 percent to its shareholders in one year.
With a market capitalization of Rs. 5,412 crores, the shares of Aurionpro Solutions Ltd started Tuesday’s trading session on a higher note at Rs. 2,124 compared to its previous close of Rs. 2,121.55. During the trading session, the shares hit a high of Rs. 2,193, gaining around 3 percent and are currently trading at Rs. 2,126 apiece.
Such a positive movement in the share price was observed after the company in an exchange filing announced that it had won orders from two prominent private sector banks in India, for its digital engagement platform named Interact DX worth Rs. 10 crores, which will include licencing and implementation within this quarter, followed by annual maintenance and support.
Interact DX, was recently acquired by Aurionpro, it uses cutting-edge digital technology and highly scalable architecture to provide interactive personalized communication including audio-video technology across Banking, Insurance and Non-Bank FIs globally.
Coming onto the company’s financial statements, the revenue increased by 10 percent from Rs. 211 crores during the September quarter to Rs. 231 crores in the Decmber quarter. In addition, the net profits improved by 12 percent from Rs. 34 crores to Rs. 38 crores during the same period.
Aurionpro Solutions has also been expanding its sales and delivery capabilities and has been focusing on building ecosystem partnerships and joint value propositions with other global fintech players. Furthermore, the company has a strong order book exceeding Rs. 900 crores and is well-positioned to sustain its strong growth trajectory in the upcoming quarter.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 20.61 percent during FY 21-22 to 22.78 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 21.62 percent to 24.86 percent during the same timeframe. Furthermore, the net profit margin increased from 14.96 percent during FY21-22 to 15.45 percent during FY22-23.
Headquartered in Mumbai, Aurionpro Solutions was incorporated in 1997. The company 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 and also primarily offers software products and consulting services to the banking industry in India and abroad.
Written By Vaibhav Patil
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