On year on year (YoY) basis, the company’s net profit surged 48% and revenue grew 29% in Q4 FY24.

Profit before tax jumped 27.39% YoY to Rs 45 crore.

EBITDA stood at Rs 52 crore in Q4 FY24, registering the growth of 30% YoY. EBITDA margin increased by 6 bps to 21.27% in Q4 FY24 as compared with Rs 21.21% in Q4 FY23.

In Q4 FY24, revenue from software services stood at Rs 147 crore (up 13.95% YoY), revenue from sale of equipment & product license was Rs 100 crore (up 150% YoY).

On full year basis, the company’s consolidated net profit jumped 40.28% to Rs 142.92 crore on 34.6% increase in revenue from operations to Rs 887.47 crore in FY24 over FY23.

Ashish Rai, vice-chairman & CEO, Aurionpro Solutions, said, “We expect to continue our growth momentum in FY25, delivering revenue growth of 30-35%, while keeping EBITDA and PAT margins at similar levels.

For Banking and Fintech segment, we have transitioned from the phase of rebuilding the portfolio into moving aggressively to capitalise on the strong demand for our offerings. The notable growth in this segment, especially in second half of the year is a direct result of our strategic investments in building new products, significantly expanding sales channels and forging key partnerships within the wider ecosystem. These successes have positioned us well to drive expansion in Asia as well as globally, with a particular focus in the next few years to expand into financial institutions in US and Europe.

The growth in TIG segment continues to remain strong, with significant growth in Transit Payments as well as Hybrid Cloud and Data Centre business. Our recent acquisition in the AI space allows us to combine Aurionpro’s portfolio of industry-leading enterprise software with one of the most mature Enterprise AI platforms tailored to the needs of banks and insurers. This strategic move will allow us to make a significant play in shaping the adoption of AI in Banks and Insurers globally both directly as well as through our ecosystem partnerships.

We are today one of the handful of global vendors with a strong portfolio of mission critical enterprise software as well as a portfolio of products, IP and deep expertise in application of AI use cases in the enterprise. We will continue to invest significantly over the next year and beyond into creating an AI first enterprise stack that will allow us to significantly expand the value we can create for our clients and further accelerate our growth trajectory.”

Meanwhile, the company’s board has approved the proposal of issuance of bonus shares in the ratio of 1:1.

Further, the company’s board has also declared a dividend of Rs 2.5 per equity share for FY24.

Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments and government sectors.