Aurionpro reports strong jump in profit as revenues rise

Aurionpro margins were lifted by better operating leverage

Mumbai-based software developer Aurionpro Solutions reported a sharp increase in profits for the Oct-Dec quarter, aided by a 22% jump in its revenue.

The compay, which makes software for the financial sector, infrastructure projects and cyber security, reported a 44% increase in net profit for Oct-Dec to Rs 15.5 crores.

Revenue jumped to Rs 115 cr from Rs 94 cr last year.

“There has been a comprehensive growth within all business segments witnessing further growth momentum,” said Chairman & Managing Director Paresh Zaveri.

“We are confident of delivering stronger and sustainable performance from each of our business vertical which has immense growth opportunities moving forward.”

The revenue growth is in keeping with the trend seen in the previous two quarters of the financial year. With this, the company has posted a 20% jump in revenue for the first nine months of FY19.

The growth in the bottom line during Oct-Dec was the result of better margins throughout.

The company’s operating profit, as measured by EBITDA, jumped 40% from last year to Rs. 20 crores, supported by better operating leverage resulting from a focus on IP revenues, cost efficiency programs and higher utilization of existing resources.

The company also said its automated fare collection project for Noida metro is expected to see its first passenger run this week.

It also said it was actively looking out for more opportunities in the smart cities, smart transportation and cyber securities of potential customers in India and globally for the future.