Aurionpro Solutions Limited, established in October 1997, is a publicly traded technology firm based in Navi Mumbai, India. The company focuses on delivering cutting-edge technology solutions across various sectors, including banking, mobility, payments, and government services. Its portfolio encompasses digital payments, identity and access management, enterprise mobility, as well as loan and cash management solutions tailored for banks.
This all-cash deal is valued at €10 million, giving Aurionpro a complete 100% share in Fenixys. Based in Paris, Fenixys is a consultancy that provides capital markets services to prominent banks and financial institutions throughout Europe and the Middle East, with locations in the UK, Denmark, and the Middle East.
Aurionpro Solutions stated that this acquisition bolsters its banking and fintech strategy, aiming to enhance its presence in both Europe and the Middle East.
“This acquisition is not merely aimed at broadening our portfolio and market reach; rather, it focuses on the synergistic integration of our strengths—Fenixys’ profound domain knowledge combined with Aurionpro’s robust IP-driven offerings—to create a distinctive, global suite of solutions for the banking and capital markets sector,” stated Ashish Rai, CEO of Aurionpro.
In financial terms, the standalone revenue from operations for Q2 FY25 was ₹170.17 crore, which represents a 28.68% increase from ₹132.25 crore in September 2023.
The quarterly net profit saw a substantial rise of 89.02%, reaching ₹15.44 crore in September 2024, up from ₹8.17 crore in the equivalent period last year. Meanwhile, EBITDA rose to ₹25.81 crore in September 2024, marking a 57.96% increase from ₹16.34 crore in September 2023.
At 12:57 PM, Aurionpro Solutions Limited’s share price was ₹1,774.15 per share on NSE, up more than 2%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Dec 24, 2024, 1:59 PM IST
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