Q2 2024 Aurionpro Solutions Ltd Earnings Call Transcript
Key Points
- Aurionpro Solutions Ltd (BOM:532668) reported a 37% year-on-year revenue growth for Q2, reaching INR 211 crores.
- EBITDA for Q2 grew by 32% year-on-year to INR 46 crores, maintaining an industry-leading EBITDA margin of 22%.
- PAT for Q2 increased by 36% year-on-year to INR 34 crores, with a PAT margin of 16.1%.
- The Banking and FinTech segment saw nearly 30% growth, driven by new wins and expanded sales channels.
- The Technology Innovation Group (TIG) experienced a 45% year-on-year growth, with significant success in transit and hybrid cloud services.
- Employee costs increased from INR 69 crores to INR 80 crores, partly due to new R&D investments and ESOP costs.
- The Smart Cities business within TIG is not experiencing significant growth at the moment.
- The company faces long sales cycles, especially in the enterprise software market, which can delay revenue realization.
- Despite strong growth, the company remains heavily reliant on the Asia-Pacific market, with 60% of revenue coming from India.
- There is uncertainty around the exact financial impact of recent acquisitions, as contributions from these will only start reflecting in future quarters.
Good afternoon, ladies and gentlemen, a very warm welcome to the Aurionpro Solutions Limited Q2 and H1 FY '24 Earnings Conference Call.
From the senior management, we have with us today, Mr. Ashish Rai, Vice Chairman and CEO; Mr. Vipul Parmar, Chief Financial Officer; and Mr. Ninad Kelkar, Company Secretary. Before we begin the call, I would like to mention that some of the statements made during the course of today's call may be forward-looking in nature and may involve risks and uncertainties, including those related to the future financial and operating performances, benefits and synergies of the company's strategies, future opportunities and growth of the market of the company services and solutions. (Operator Instructions) Please note that this conference is being recorded.
I now hand over the conference to Mr. Ashish Rai from Aurionpro Solutions. Thank you, and over to you, sir.
Thanks, Aashvi. Good afternoon, everyone, and welcome to this earnings call for Q2 FY '24. We are, of course, very
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