Investor Release: 27th October 2018, Mumbai

Result Highlights Q2FY19 on Q-o-Q basis :

Revenue Growth of 12%

The Company recorded Revenue of Rs. 134 Crs during Q2FY19, as against Rs. 120 Crs in Q1FY19 a growth of 11.5% on Q-o-Q basis.

EBITDA growth of 41%

EBITDA for the quarter stood at Rs. 29 Crs as against Rs. 24 Crs in Q1FY19 an increase of 20.5% on Q-o-Q basis. EBIDTA margins stood at 21.7% an increase of ~160 Bps as compared to Q1FY19.

Profitability growth of 52%

PAT for the quarter stood at Rs. 19 Crs as against Rs. 12 Crs in Q1FY19 an increase of 52% on Q-o-Q basis. PAT margin grew by ~385 Bps as compared to Q1FY19. PAT margins for the quarter stood at 14.4%.

Quarterly Business Highlights

Cyber Security; We won three new contracts including first win from a major fortune 500 company. During the quarter there was multi fold increase in pipeline, results of which will be visible in coming quarters. On product front, major investments are committed to make product available on cloud, this will be a major milestone in history of the Company and we expect to go live on cloud by end of January 2019.

Banking & Fintech; Growth in revenue and margins continue to be strong , we expect continued momentum in additional deals in newer market to fuel the growth in coming quarters. Post majority investment in Neo.bnk we plan to offer our open banking platform in coming quarters which will greatly enhance our overall product offering with opportunity to sign larger multi year deals.

Smart City & Smart Mobility; We have multiple project under execution. We have completed rollout of AFC platform in Noida for final testing . We see huge opportunity in this segment with large deals in pipeline.

Strategic Investment in SC Soft Pte. Ltd

SC soft has been our partner in executing Noida and Nagpur projects. They bring in world class capabilities, experience and thought leadership in the AFC domain. The acquisition of SC Soft will be a strategic milestone as it will help Aurionpro strengthen its leadership in the rapidly growing AFC Market as it will establish Aurionpro as a one stop shop having necessary end to end hardware and software required for the implementation of the AFC Systems.

Commenting on the results and performance, Mr. Paresh Zaveri, Chairman & Managing Director of Aurionpro Solutions Ltd said:

'We are pleased with the performance of your company for half year ended September 2018 with revenue growth of 19%, EBITDA growth of 39% and Net Profit growth of 125%. Our Continuous investment in R & D, Product & Platform enhancement is beginning to yield result which is evident in our Financial & Operating performance for the quarter. We will continue to invest in building new age world class products and create thought leadership in respective business verticals. We are seeing good traction & market acceptance in our Banking Business and witness a sustainable growth momentum going forward. We are actively looking out for more opportunities in the Smart Cities and Smart Transportation of government business in India and Globally. Our recent strategic investment in SC Soft, Singapore with enhance our capabilities in execution and entering into newer geographies. Moving forward, we expect stronger performance for the second half of the year with continuous momentum to be carried to the next year.'