Aurionpro Solutions, a small-cap stock, has witnessed a staggering surge in its value over a short span of time. So far in May, the stock has skyrocketed by 106%, climbing from ₹363 apiece to ₹748.
Over the past three years, the shares of the company have experienced a remarkable rally, soaring from ₹44 apiece to the current market price of ₹748. This impressive growth has resulted in a significant wealth multiplication for the company's shareholders, with their investments witnessing a remarkable gain of 1600%.
During this period, an investment of ₹one lakh would have turned into over ₹17 lakh. In addition, the stock has demonstrated a consistent track record of delivering positive annual returns over the past four years (including CY23). In CY20, CY21, and CY22, it yielded a return of 61%, 220%, and 16%, respectively. In the current year so far, the stock has gained 118%.
The stock gained traction on May 05 after its subsidiary, Aurionpro Payment Solutions Pvt Ltd., received an in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator under the Payment and Settlement Act, 2007.
"AuroPay can commence payment aggregator business upon receiving the final Certificate of Authorization from RBI. With the achievement of this significant milestone, AuroPay remains on track to launch comprehensive payment services in the market," the company said in an exchange filing.
"Our platform, "AuroPay," seeks to offer a bouquet of e-payment options which are safe, secure, user-friendly, and affordable. The aim is to become a one-stop shop, offering a wide range of services in the payment ecosystem globally, catering to e-commerce businesses as well as SMEs which are rapidly adopting digital technologies," the company added.
This positive development has led the stock to experience a one-way spike since May 05, breaking record highs with each passing day. During Wednesday's trading session, the stock surged by 5% to reach an all-time high of ₹792 per share.
Furthermore, the stock's upward momentum has also been fueled by its impressive performance in the March quarter, which was released on May 16. It reported a stellar 37% surge in revenues to ₹193 crore as compared to ₹140.6 crore in Q4 FY22.
The EBITDA reached ₹40 crore, reflecting an increase of 33% YoY and 9% QoQ. Additionally, the EBITDA margin for the quarter stood at 21%, indicating a healthy operational performance.
Furthermore, the company's profit after tax (PAT) for Q4 came in at ₹27 crore, showing a growth of 23% YoY and 2% QoQ. Overall, the company ended FY23 with a net profit of ₹101 crore, a surge of 34% over FY22's net profit of ₹76 crore.
During the March quarter, the company's subsidiary Integro signed a partnership with Finastra, a global provider of financial software applications and marketplaces, to offer Integro’s SmartLender Trade Limits solution alongside its own Trade Innovation solution.
Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments, and government sectors.
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