Aurionpro equipment sales jump as software revenue falls

Aurionpro Solutions Limited reported a sharp shift in its September 2026 revenue mix: equipment and product sales rose to Rs 188.77 crore from Rs 85.36 crore in June 2026, while software-services revenue declined to Rs 226.21 crore from Rs 272.71 crore. Consolidated revenue from operations nevertheless increased to Rs 414.98 crore.

How did Aurionpro’s segment revenue change in September 2026?

Aurionpro’s equipment and product segment generated Rs 188.77 crore in the quarter ended September 30, 2026, compared with Rs 85.36 crore in the quarter ended June 30, 2026 and Rs 150.63 crore in the quarter ended September 30, 2025. The sequential increase was Rs 103.41 crore, or 121.1%, and the year-on-year increase was Rs 38.14 crore, or 25.3%.

Aurionpro’s software-services segment generated Rs 226.21 crore in the September 2026 quarter, down Rs 46.50 crore, or 17.0%, from Rs 272.71 crore in the June 2026 quarter. Software-services revenue remained above the Rs 207.04 crore reported in the quarter ended September 30, 2025, an increase of Rs 19.17 crore, or 9.3%.

The two segments produced consolidated revenue from operations of Rs 414.98 crore for the September 2026 quarter. That was Rs 56.91 crore higher than Rs 358.07 crore in June 2026 and Rs 57.31 crore higher than Rs 357.67 crore in September 2025, representing sequential growth of 15.9% and year-on-year growth of 16.0%.

Why did Aurionpro’s revenue mix shift toward equipment and products?

Aurionpro derived 45.5% of September-quarter revenue from equipment and products, compared with 23.8% in the June 2026 quarter. The change reflects a Rs 103.41 crore sequential increase in equipment and product revenue alongside a Rs 46.50 crore decline in software-services revenue, even as total revenue rose by Rs 56.91 crore.

Software services accounted for 54.5% of September-quarter revenue, down from 76.2% three months earlier. Equipment and products represented 42.1% of consolidated revenue in the September 2025 quarter, meaning the September 2026 mix was also more weighted to that segment than a year earlier.

The disclosure does not identify individual contracts, customers, products or geographies behind the increase to Rs 188.77 crore in equipment and product sales. It therefore shows the scale of the quarterly movement but does not establish whether it reflected shipment timing, new business, a product category or another operating factor.

Aurionpro accounts for unbilled revenue under Indian Accounting Standard 115, or Ind AS 115, where contractual consideration depends on completion of milestones confirmed by its technical team. The revenue is subsequently billed after customer acceptance, but the filing does not quantify the effect of this mechanism on either segment’s September 2026 revenue.

How did Aurionpro’s segment results compare with revenue movements?

Aurionpro reported a segment result of Rs 78.45 crore for equipment and products in the September 2026 quarter, compared with Rs 45.72 crore in June 2026 and Rs 66.51 crore a year earlier. The reported segment result increased by Rs 32.72 crore sequentially, compared with the Rs 103.41 crore sequential increase in that segment’s revenue.

Software-services segment result was Rs 192.07 crore in the September quarter, down from Rs 206.45 crore in June 2026 but above Rs 182.07 crore in September 2025. Thus, both software-services revenue and its reported segment result declined sequentially, while each remained higher than in the corresponding prior-year quarter.

Combined segment results were Rs 270.52 crore in September 2026, against Rs 252.18 crore in June 2026 and Rs 248.58 crore a year earlier. The reconciliation deducted Rs 170.79 crore of unallocable employee benefits expense, Rs 13.64 crore of depreciation and amortisation, and Rs 28.51 crore of other expenses, while adding Rs 8.55 crore of unallocable other income.

After this reconciliation, Aurionpro reported profit before tax of Rs 61.16 crore for the September 2026 quarter, up from Rs 52.32 crore in June 2026 but down from Rs 70.39 crore a year earlier. Profit after tax from continuing operations was Rs 50.20 crore, compared with Rs 45.03 crore sequentially and Rs 56.66 crore in September 2025; no profit or loss from discontinued operations was reported for the September 2026 quarter.

What do Aurionpro’s half-year and consolidated figures show?

For the half year ended September 30, 2026, Aurionpro’s software-services revenue was Rs 498.92 crore, up from Rs 450.96 crore in the corresponding 2025 half year. Equipment and product revenue rose to Rs 274.13 crore from Rs 234.88 crore, taking total revenue from operations to Rs 773.05 crore from Rs 694.49 crore.

The six-month comparison differs from the latest quarterly sequence because software services expanded over the half year despite the September-quarter decline. Software services contributed Rs 47.96 crore of the Rs 78.56 crore total revenue increase, while equipment and products contributed Rs 39.25 crore.

Aurionpro’s half-year profit before tax was Rs 113.48 crore, below Rs 131.08 crore in the prior-year period despite the higher revenue. Cost of material, software and services rose to Rs 306.45 crore from Rs 213.86 crore, while employee benefits expense increased to Rs 335.01 crore from Rs 288.63 crore.

Cash flow data show net cash used in operating activities of Rs 79.59 crore for the half year ended September 2026, compared with Rs 87.26 crore used a year earlier. Inventories increased by Rs 56.10 crore and trade receivables and other assets increased by Rs 228.66 crore; cash and cash equivalents stood at Rs 82.91 crore on September 30, 2026, against Rs 131.87 crore on March 31, 2026.

Conclusion

Aurionpro’s September-quarter revenue growth was led by the increase in equipment and product sales to Rs 188.77 crore, bringing that segment closer to the Rs 226.21 crore software-services business. The segment shift lifted total revenue from operations to Rs 414.98 crore, while the sequential software-services decline and the year-on-year reduction in profit before tax to Rs 61.16 crore show that the revenue increase was not uniform across the income statement.

The next item to watch is Aurionpro’s assessment of the four Labour Codes and the finalisation of central and state rules, which the filing says have not yet been notified. Aurionpro restructured its employee compensation framework from April 1, 2026 and says it will evaluate any required accounting effect as developments emerge; it paid the Rs 2 per-share dividend for the year ended March 31, 2026 on October 6, 2026.