Aurionpro Shares Surge 4.17% on €10M Fenixys Acquisition

resr 5paisa Research Team

Last Updated: 24th December 2024 - 12:31 pm

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Shares of Aurionpro Solutions climbed by as much as 4.17% to reach ₹1,803.95 on the BSE during Tuesday’s intraday trade. The surge in Aurionpro share price followed the company’s entry into the European market through its acquisition of Fenixys.

The all-cash deal, valued at €10 million, grants Aurionpro full ownership of Fenixys. Based in Paris, Fenixys is a consulting firm offering specialized capital markets services to leading banks and financial institutions across Europe and the Middle East, with offices in the United Kingdom, Denmark, and the Middle East.

Aurionpro stated that the acquisition enhances its banking and fintech strategy, furthering its presence in Europe and the Middle East.

“This acquisition is not merely about expanding our portfolio and market reach but also about integrating Fenixys’ deep domain expertise with Aurionpro’s strong IP-led solutions to provide a global offering for the banking and capital markets industry,” said Ashish Rai, CEO of Aurionpro.

Financial Performance

For Q2FY25, Aurionpro reported standalone revenue of ₹170.17 crore, reflecting a 28.68% growth compared to ₹132.25 crore in September 2023. Net profit for the quarter soared 89.02% to ₹15.44 crore, compared to ₹8.17 crore in the same period last year. EBITDA rose by 57.96% to ₹25.81 crore from ₹16.34 crore in September 2023.

Stock Performance

Aurionpro Solutions has significantly outperformed the market, with its shares gaining 27% over the past six months and 63% over the last year. In comparison, the BSE Sensex rose just 1.4% in six months and 10% in a year.

With a market capitalization of ₹9,816.69 crore, Aurionpro shares trade at a P/E ratio of 174.62 times, with an EPS of ₹9.92. At 9:36 AM, the company’s shares were up 2.67% at ₹1,777.95, while the BSE Sensex was down 0.13%, trading at 78,436.50.

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