Aurionpro revenue rises 16%, continuing profit falls 11%

Aurionpro Solutions Limited reported consolidated revenue from operations of Rs 414.98 crore for the quarter ended September 30, 2026, up 16% from Rs 357.67 crore a year earlier. Aurionpro’s profit after tax from continuing operations fell 11% to Rs 50.20 crore as material, software, services, employee, finance and depreciation costs increased.

What drove Aurionpro’s September-quarter revenue growth?

Aurionpro’s September-quarter revenue growth was led by sales of equipment and products, which rose 25% year on year to Rs 188.77 crore from Rs 150.63 crore. Revenue from software services increased 9% to Rs 226.21 crore from Rs 207.04 crore, taking total revenue from operations to Rs 414.98 crore.

Equipment and product sales supplied more of the incremental revenue between the two September quarters, while software services remained the larger reported segment. Equipment and product sales accounted for about 46% of September-quarter revenue of Rs 414.98 crore, compared with about 54% from software services; the comparable segment figures a year earlier were Rs 150.63 crore and Rs 207.04 crore.

Aurionpro’s sequential revenue rose from Rs 358.07 crore in the quarter ended June 30, 2026. Software-services revenue declined from Rs 272.71 crore in June, but equipment-and-product revenue increased from Rs 85.36 crore, more than offsetting the movement in software services.

Why did Aurionpro’s profit after tax decline despite higher revenue?

Aurionpro’s continuing-operations profit after tax declined because expenses rose faster than revenue, led by cost of material, software and services, which increased to Rs 199.22 crore from Rs 108.18 crore. Employee benefits expense rose to Rs 170.79 crore from Rs 149.97 crore, while finance costs increased to Rs 4.96 crore from Rs 1.33 crore.

Total expenses increased 22% to Rs 362.37 crore in the September 2026 quarter from Rs 297.05 crore a year earlier, exceeding the 16% increase in revenue from operations. Profit before tax therefore fell to Rs 61.16 crore from Rs 70.39 crore, while other income was Rs 8.55 crore in the latest quarter.

Depreciation and amortisation expense rose to Rs 13.64 crore from Rs 10.02 crore, and other expenses increased to Rs 28.51 crore from Rs 26.64 crore. Current tax expense declined to Rs 8.20 crore from Rs 14.67 crore, but continuing-operations profit after tax still decreased to Rs 50.20 crore from Rs 56.66 crore.

Reported total profit after tax, including discontinued operations, was Rs 50.20 crore for the September 2026 quarter, compared with Rs 55.85 crore a year earlier. The earlier quarter included a Rs 0.81 crore loss after tax from discontinued operations, whereas the latest quarter reported no profit or loss from that category.

What do Aurionpro’s half-year results and cash flows show?

Aurionpro’s revenue from operations for the half year ended September 30, 2026 rose 11% to Rs 773.05 crore from Rs 694.49 crore in the prior-year half year, while continuing-operations profit after tax declined to Rs 95.24 crore from Rs 108.09 crore. Profit before tax decreased to Rs 113.48 crore from Rs 131.08 crore.

Software-services revenue for the half year rose to Rs 498.92 crore from Rs 450.96 crore, while equipment-and-product revenue increased to Rs 274.13 crore from Rs 234.88 crore. Segment results before unallocable expenses totalled Rs 522.70 crore, up from Rs 481.00 crore, but employee benefits, finance costs and depreciation also increased.

Aurionpro used Rs 79.59 crore in operating activities during the half year ended September 30, 2026, compared with an operating cash outflow of Rs 87.26 crore a year earlier. Working-capital movements included a Rs 56.10 crore increase in inventories and a Rs 228.66 crore increase in trade receivables and other assets, partly offset by a Rs 88.02 crore increase in trade payables and other liabilities.

Cash used in investing activities rose to Rs 74.98 crore from Rs 26.76 crore, including Rs 42.25 crore spent on property, plant, equipment and other intangible assets. Net financing cash inflow was Rs 94.86 crore, compared with an outflow of Rs 8.41 crore a year earlier, aided by Rs 101.35 crore of net proceeds from short-term borrowings; cash and cash equivalents ended the half year at Rs 82.91 crore versus Rs 146.23 crore a year earlier.

What changed in Aurionpro’s balance sheet and review scope?

Aurionpro’s total assets increased to Rs 2,608.77 crore at September 30, 2026 from Rs 2,316.13 crore at March 31, 2026, while total equity rose to Rs 1,832.93 crore from Rs 1,744.67 crore. Current assets rose to Rs 1,489.56 crore from Rs 1,232.96 crore, including inventories of Rs 88.74 crore compared with Rs 32.64 crore at year-end.

Current liabilities increased to Rs 704.93 crore from Rs 502.57 crore, with current borrowings rising to Rs 151.43 crore from Rs 49.88 crore. Trade payables due to parties other than micro and small enterprises increased to Rs 158.73 crore from Rs 84.79 crore, while other current liabilities rose to Rs 169.45 crore from Rs 111.20 crore.

The consolidated results include nine subsidiaries reviewed by other auditors, which reported quarterly revenue of Rs 168.33 crore and profit after tax of Rs 22.81 crore. They also include 32 subsidiaries not reviewed by the reporting auditors or other auditors, reporting quarterly revenue of Rs 72.78 crore and profit after tax of Rs 7.58 crore; management stated that those results were not material to the group.

The auditor’s review conclusion was not modified in respect of the matters concerning those subsidiaries. For 26 unreviewed subsidiaries, financial results were prepared under accounting principles in their countries of incorporation and converted by Aurionpro’s management to accounting principles generally accepted in India.

Conclusion

Aurionpro’s September-quarter results show that a Rs 38.14 crore increase in equipment-and-product revenue and a Rs 19.17 crore increase in software-services revenue lifted consolidated sales to Rs 414.98 crore. However, the Rs 91.04 crore increase in material, software and services costs, alongside higher employee, finance and depreciation costs, reduced continuing-operations profit after tax to Rs 50.20 crore.

What to watch next is the billing of unbilled revenue under contracts where the right to consideration depends on completion of contractual milestones. Aurionpro said this revenue is estimated after confirmation by its technical team and is subsequently billed to customers based on their acceptance.