Aurionpro : reports revenue of Rs. 124.48 Cr in Q4 FY17-18 and EBIT Rs. 24.41Cr, posts growth of 10.97% QoQ

Key highlights for the Q4 of FY17-18 are:

• Total Revenue for the Quarter stands at Rs.124.48 Crore
• Consolidated EBITDA for the Quarter up 10.97% QoQ adjusted for discontinued business.
• Consolidated EBITDA (includes onetime expenses for ESPS of Rs 6.70 Crore, and Forex Gain of Rs 4.98 Crore) for the quarter was Rs. 24.41Crore, up 85.34 % YoY. Adjusted EBITDA at Rs. 26.17 Crore.
• Profit After Tax (PAT) was Rs.11.36 Crore, up 18.82 % QoQ
• Consolidated profit for the FY18 Rs.118.68 Crore of which Rs.42.33 Crore pertaining to Continued operations and Rs.76.35 Crore from discontinued operations.

'Aurionpro has made good progress this last fiscal. This was a very significant year as we successfully concluded the restructuring of our business towards driving accelerated growth through a robust product and IP portfolio.', said Samir Shah, CEO, Aurionpro. 'As we advance into FY 18-19, I am happy to state that Aurionpro has become a significant product company with strong market presence in each area of our operations. We are excited to drive the next phase of high-margin growth across our portfolio of IP driven businesses - Cybersecurity, Digital Innovation & Banking.'

Samir Shah continued, 'Our focus on creating a sustainable, high-margin IP driven business model has resulted in margin improvements by 900 basis points. The growth is even more remarkable as the company accelerated its investment in R&D and product development led by ISLA which stood at close to Rs. 50 Crs this fiscal against Rs. 27 Crs last year, most of which was also expensed out. With a strong product portfolio, optimized operations and a robust support infrastructure and an opening order book of Rs. 656 Crs. we are confident of driving business momentum and accelerated revenue and margin growth in the future.'