Aurionpro operating cash outflow reaches Rs 79.5869 crore

Aurionpro Solutions Limited reported net cash used in operating activities of Rs 79.5869 crore in the half year ended 30 September 2026, despite profit after tax from continuing operations of Rs 95.2387 crore. The main factor was a Rs 196.7439 crore working-capital outflow, including Rs 228.6630 crore absorbed by trade receivables and other assets.

Why did Aurionpro report an operating cash outflow?

Aurionpro reported an operating cash outflow because working-capital movements exceeded operating profit before those movements. Profit before tax, including discontinued operations, was Rs 113.4819 crore in the half year ended 30 September 2026. After depreciation, amortisation, interest, foreign-exchange and other non-cash adjustments, operating profit before working-capital changes was Rs 132.5731 crore.

Working capital then absorbed Rs 196.7439 crore, leaving cash used in operations of Rs 64.1708 crore. Net income taxes paid of Rs 15.4161 crore increased the outflow to Rs 79.5869 crore. This cash result differed from the Rs 95.2387 crore profit after tax from continuing operations recorded in the same six-month period.

The largest working-capital item was the Rs 228.6630 crore increase in trade receivables and other assets. The cash-flow statement treats an increase in these balances as a use of cash. Aurionpro also recorded Rs 38.04 lakh of bad debts and Rs 1.97 lakh of provision for doubtful debts in the half year ended 30 September 2026.

How did Aurionpro's working capital change?

Aurionpro's working-capital outflow was Rs 196.7439 crore in the half year ended 30 September 2026, compared with Rs 200.4287 crore in the corresponding 2025 half. Trade receivables and other assets used Rs 228.6630 crore, up from Rs 194.3250 crore. Inventory absorbed Rs 56.0966 crore, compared with Rs 36.84 lakh a year earlier.

An increase of Rs 88.0157 crore in trade payables and other liabilities partly offset the receivable, other-asset and inventory outflows. In the half year ended 30 September 2025, trade payables and other liabilities reduced cash by Rs 5.7353 crore. The change in these liability balances provided an Rs 88.0157 crore cash inflow in the latest half instead.

Inventories were Rs 88.7414 crore at 30 September 2026, up from Rs 32.6448 crore at 31 March 2026. Other financial assets rose to Rs 416.1623 crore from Rs 309.6605 crore, while other current assets increased to Rs 388.9721 crore from Rs 304.7163 crore. These balance-sheet movements occurred alongside the reported working-capital cash absorption.

Aurionpro states that Indian Accounting Standard 115, Revenue from Contracts with Customers, requires estimated unbilled revenue for contracts where the contractual right to consideration depends on milestones confirmed by the technical team. Customers are subsequently billed after acceptance. The filing does not quantify how much of the Rs 228.6630 crore cash-flow movement related to unbilled revenue.

How did Aurionpro's cash flow compare with last year?

Aurionpro's operating cash outflow narrowed by Rs 7.6682 crore from Rs 87.2551 crore in the half year ended 30 September 2025 to Rs 79.5869 crore in the latest half. Operating profit before working-capital changes, however, declined by Rs 8.3504 crore to Rs 132.5731 crore from Rs 140.9235 crore in the prior-year period.

Cash used in operations increased to Rs 64.1708 crore from Rs 59.5053 crore because working-capital absorption remained larger than operating profit before those changes. The lower final operating outflow reflected net tax payments of Rs 15.4161 crore, down from Rs 27.7499 crore in the half year ended 30 September 2025.

Investing activities used Rs 74.9800 crore in the latest half, compared with Rs 26.7619 crore a year earlier. Aurionpro spent Rs 42.2534 crore on property, plant, equipment and other intangible assets, and Rs 23.0074 crore on deferred consideration and purchases of investments. Fixed deposits with banks used Rs 13.4036 crore, against cash proceeds of Rs 10.8275 crore in the earlier half.

Financing activities generated Rs 94.8595 crore, compared with an outflow of Rs 8.4060 crore in the prior-year half. Net short-term borrowing proceeds were Rs 101.3488 crore, while net long-term borrowing proceeds were Rs 84.42 lakh. Lease-liability repayments of Rs 3.2256 crore and interest paid of Rs 4.1079 crore reduced the financing inflow.

What do Aurionpro's results and balance sheet show?

Aurionpro reported revenue from operations of Rs 773.0507 crore for the half year ended 30 September 2026, up from Rs 694.4929 crore a year earlier. Profit after tax from continuing operations fell to Rs 95.2387 crore from Rs 108.0865 crore. Higher revenue therefore coincided with lower reported continuing-operation profit and an operating cash outflow.

Software services generated Rs 498.9241 crore of first-half revenue, compared with Rs 450.6086 crore in the corresponding 2025 half. Sales of equipment and products were Rs 274.1266 crore, up from Rs 234.8843 crore. The two segments together produced the reported Rs 773.0507 crore of revenue from operations.

The cash-flow statement reported cash and cash equivalents of Rs 82.9091 crore at 30 September 2026, against Rs 131.8709 crore at the beginning of the year. It recorded a net decrease of Rs 59.7074 crore in cash and cash equivalents and a Rs 10.7456 crore decrease in an escrow-account balance. Current borrowings were Rs 151.4344 crore at 30 September 2026, compared with Rs 49.8797 crore at 31 March 2026.

Aurionpro's board approved the unaudited consolidated results on 31 October 2026. The statutory auditors conducted a limited review and issued an unmodified conclusion. The filing says the consolidated results were prepared under Indian Accounting Standard 34, Interim Financial Reporting, for the quarter and half year ended 30 September 2026.

Conclusion

Aurionpro's first-half results show that profit did not translate into operating cash generation. The Rs 196.7439 crore working-capital outflow exceeded Rs 132.5731 crore of operating profit before working-capital changes, producing Rs 79.5869 crore of net cash used in operations. Receivables and other assets accounted for Rs 228.6630 crore of the outflow, while financing inflows helped fund cash requirements.

The next disclosures should clarify whether balances represented by receivables, other assets and inventories convert into collections or reduce after 30 September 2026. Aurionpro also said it will monitor final central and state rules under the four Labour Codes, which remain to be notified, and evaluate the resulting effects when required.