Aurionpro Q1 Revenue Rises 6.3% YoY to ₹358 Crore

Q1 FY27 Financial Results (₹ crore):

| Metric | Q1 FY27 | Q4 FY26 | QoQ Change | Q1 FY26 | YoY Change |

| Revenue | 358 | 346 | 3.6% | 337 | 6.3% |

| EBITDA | 61 | 67 | (8.0%) | 68 | (10.3%) |

| EBITDA Margin | 17.2% | 19.3% | (210 bps) | 20.2% | (300 bps) |

| PAT | 45 | 61 | (27.6%) | 51 | (11.8%) |

| PAT Margin | 12.6% | 18.0% | (540 bps) | 15.3% | (270 bps) |

Banking and Fintech Segment:

Technology Innovation Group:

Banking & Fintech Segment Contracts:

Secured largest-ever US order: 3-year contract worth over USD 33 million with a leading digital insurance payments platform for platform enhancement, cloud, AI and data engineering services
6-year contract from Ujjivan Small Finance Bank for implementation of iCashpro+ integrated transaction banking platform
Fenixys secured strategic treasury transformation engagements with Ajman Bank to verify and validate Islamic Treasury Management System on Murex MX.3 platform
5-year contract from Honda Finance India Pvt. Ltd. for implementation of Integro Lending Suite covering Retail & Dealer Finance, Dealer Portal, FOS App, and AI module Arya

Technology Innovation Group Contracts:

Prestigious contract for Design and installation of Automatic Fare Collection System for Mumbai Metro Line 4 and Extension Corridor (4A) for MMRDA, deal value ₹50 crores
Variation order for design and installation of Automatic Fare Collection System for Phase I, Phase II & Phase III metro network of DMRC
Through subsidiary Aurotoshi, in partnership with Hitachi, secured contract from Bangalore Metro Rail Corporation Limited for supply of automated gate systems

Ashish Rai, Group CEO commentary:

Q1 was a quarter of disciplined execution amid good deal closures and accelerating project revenue conversion
Revenue conversion improved from Q4, sequential growth stronger than typically seen in Q1 in recent years
Conversion remains modestly below normal trajectory due to transient factors: seasonality, raising input costs due to supply chain disruptions, timing shifts in a few projects, and geopolitical disruption in MEA
Expect these effects to normalize over next one to two quarters
Enter the year with strong order book across Banking and TIG and improving execution momentum

Demand Outlook:

Demand across businesses remains robust
Secured significant Transaction Banking mandate from leading Indian bank
Added strategic wins across Transit and Data Centre solutions
Transaction Banking seeing substantial opportunities in South Asia and MEA, with pipeline traction building from expansion into Southeast Asia and Europe
Enterprise AI offerings from Arya.ai seeing strong demand across banking and insurance as customers move towards deployment
Transit becoming increasingly global with materially expanded pipeline
Data Centre delivery capacity coming online, expected growth to move above recent 40-50% trajectory into higher band
Momentum across transit and data center segments remains robust

Strategic Direction:

Entering platform shift in banking software as AI diffuses across business processes
Opportunity to reimagine software that services mission-critical workflows to deepen wallet share and expand market share
Completing key build-outs across AI-native banking stack
Will redeploy capacity towards customer implementations as build-outs mature, accelerating revenue conversion through the year
Will invest with conviction while calibrating R&D to sustain healthy margins

Forward Outlook:

Expect growth to build through the year and accelerate meaningfully in the second half
Long-term trajectory remains firmly intact
Strong order book, healthy pipeline and improving project momentum