Aurionpro Solutions: A Deep Dive into Q2 & H1 FY26 Performance

Aurionpro Solutions Limited has once again demonstrated robust financial performance, reporting a strong Q2 and H1 FY26. The company, a platform-led provider of advanced technology solutions across banking, mobility, payments, and government sectors, showcased significant year-on-year growth in revenue, maintaining resilient industry-leading EBITDA and PAT margins. This performance underscores Aurionpro's disciplined strategy, strong product offerings, and the dedication of its global team.

For Q2 FY26, Aurionpro's revenue from operations stood at INR 358 crore, marking a 29% increase compared to Q2 FY25. The half-year (H1 FY26) revenue reached INR 694 crore, also a 29% rise from H1 FY25. EBITDA for Q2 FY26 was INR 72 crore, with a margin of 20.1%, and for H1 FY26, it was INR 140 crore, with a margin of 20.18%. Profit After Tax (PAT) for Q2 FY26 came in at INR 56 crore (15.62% margin), and for H1 FY26, it was INR 106 crore (15.33% margin). The company's consistent growth trajectory, achieving over 30% annual growth for four consecutive years, is a notable achievement in the Indian listed tech sector.

Segmental Excellence and Strategic Wins

Aurionpro's performance was driven by strong contributions from both its key segments: Banking and Fintech, and the Technology Innovation Group (TIG). The Banking and Fintech segment reported INR 393 crore in H1 FY26, accounting for 57% of the total revenue. This segment saw several significant milestones, including a multi-million-dollar digital banking deal in Africa, which marks a major expansion into the MEA market. The acquisition of InfraRisk in Australia further strengthened its Integro lending suite and global footprint in digital lending. Partnerships, such as with DFCC Bank for AI-driven solutions, and a major multi-year deal with a leading Indian public sector bank for an AI-native cash management platform, highlight Aurionpro's leadership in AI-led banking innovation.

The Technology Innovation Group (TIG) contributed INR 301 crore in H1 FY26, making up 43% of the revenue. A standout achievement for TIG was securing a major contract for advanced Smart Transit solutions for Mumbai Metro Lines 4 & 4A from MMRDA, valued at INR 250 crore. This multi-year project, including five years of maintenance, is the largest order win in TIG's history and reinforces Aurionpro's dominance in India's Automated Fare Collection (AFC) and smart mobility markets. The data center business within TIG also continues to experience strong demand and growth, identified as a key strategic bet for the company.

Here is a financial summary of Aurionpro Solutions Limited's performance:

Strategic Vision and Future Outlook

Aurionpro's management articulated a clear strategic vision, emphasizing a continued focus on building a global products and platforms company. Since its pivot four years ago, the company has invested over INR 1,000 crore in new product development and strategic acquisitions, demonstrating a commitment to long-term value creation rather than short-term EBITDA maximization. The R&D budget for the current year is projected to be around INR 120 crore and is expected to increase, reflecting ongoing investment in innovation.

The company is heavily invested in Artificial Intelligence (AI), with dedicated AI labs in Mumbai, Paris, and London focused on developing AI-native applications and foundational AI technology. Management anticipates path-breaking announcements from these labs in the near future. While acknowledging that cash flows in the first half can be negative due to project go-lives and billing milestones, management assured that collections typically strengthen significantly in Q4, leading to a strong EBITDA to cash conversion by year-end.

Aurionpro's leadership believes in the fundamental transformation AI brings to enterprise software. The company aims to be a strong player in this evolving landscape, building robust assets and applications to win in the market. The strategic expansion into new geographies like Europe and the US is also a key focus, with initial wins and pipeline build-outs showing promising traction, though management acknowledges the need for patience and sustained effort in these markets.

Concluding Thoughts

Aurionpro Solutions Limited's Q2 and H1 FY26 results reflect a company executing a well-defined long-term strategy. With strong segmental performance, strategic acquisitions, significant R&D investments, and a clear focus on AI-led innovation, Aurionpro is positioning itself for sustained growth and global leadership. The management's commitment to product superiority and customer success, coupled with disciplined capital allocation, instills confidence in its ability to navigate market dynamics and deliver value to stakeholders.