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Aurionpro Solutions Ltd.

BSE: 532668 Sector: IT
NSE: AURIONPRO ISIN Code: INE132H01018
BSE 00:00 | 01 Jul 253.15 -2.60
(-1.02%)
OPEN

254.65

HIGH

257.10

LOW

252.25

NSE 00:00 | 01 Jul 251.80 -3.00
(-1.18%)
OPEN

254.80

HIGH

257.00

LOW

246.70

OPEN 254.65
PREVIOUS CLOSE 255.75
VOLUME 2927
52-Week high 390.40
52-Week low 150.15
P/E 21.88
Mkt Cap.(Rs cr) 577
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 254.65
CLOSE 255.75
VOLUME 2927
52-Week high 390.40
52-Week low 150.15
P/E 21.88
Mkt Cap.(Rs cr) 577
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Aurionpro Solutions Ltd. (AURIONPRO) - Chairman Speech

Company chairman speech

Dear Stakeholders

Last year was a game changing year starting on the back of a below par year and theCovid-19 outbreak during the year had us all worried. India and indeed most of the worldwere in lockdown for the first two quarters of the year. This had a significant impact onour operations but we along with our customers slowly figured out a way to work throughthe pandemic. Over rest of the year we continued to improve the performance while settingthe stage for a future growth. Our Cybersecurity business albeit extremely promising wasin its investment phase then COVID-19 and consequent uncertainties increased theinvestment needs and further delayed scaling up. This could have held back growth of otherstronger parts of Aurionpro. Culminating event was sale of our Cybersecurity business inMay this year though disappointing has now helped us set us up Aurionpro for strong andsustained long term growth.

When the pandemic began our foremost priority was to ensure operational stability. Thebusinesses had to reimagine stakeholder engagements in virtual set up and establish mutualtrust with the stakeholders. It was challenging but I am particularly grateful to ourcustomers for their continued support and employees who relentlessly worked hard to ensureuninterrupted services to the customers.

In terms of financial performance with initial impacts of lockdown we adopted a threepronged strategy to focus attention on our core high margin businesses to undertakemeasures to improve operational efficiencies & cost rationalization. The aim was tobuild robust operations with sustained revenue growth and profitability. While we sufferedsome revenue loss initially which is also reflected in our performance of H1-FY 21 wewere able to maintain almost the same EBIDTA in absolute terms despite dip in revenue. Wefinished FY 21 with ' 374 crs as revenue and ' 34 crs PAT (before adjustment towardsimpairments & exceptional items). During H2 our performance improved significantly.We have continued that improvement in this financial year as well.

With streamlined businesses strong cash flow and healthier balance sheet we are wellon our way for a significantly stronger year and now we have set our sights on becoming astrong regional player in our Banking business and establishing ourselves as a leadingsolution provider for Smart cities and data center and hybrid cloud services in India andone of the globally significant player in our mobility business. Collectively this focuswill set us up for multi year sustained growth in revenue and profitability. We have astrong leadership team in place and we are now focusing on building strong sales team forfuture. We are best placed as a company we ever have been and I am confident that we willbuild on this base and execute in a way where we continue to feel the same way.

Covid outbreak and impact of climate change over last couple of years have beendefining moments which may bring a good change in the way societies function. These eventswill make the whole world change how we live forever. We need to rebuild the neighborhoodsand cities and nations that can help us manage our planet better reduce negative humanimpact on climate and other species. We also need to manage impact of future pandemicsbetter. The human race is resilient and has sustained many such adversities so I amconfident we will also overcome this crisis too. This will herald a rebuilding of a newworld and technology and especially for us fintech will spearhead this change.

Rebuilding on this scale will offer huge opportunities for growth. This optimism shouldboost our spirits. The crises also bring opportunities this is particularly true for thetechnology sector which is at the forefront of the economic revival. The pandemic haschanged the way businesses and governments are run and impelled organizations to reinventthemselves. Those who quickly adapted to the change and re-oriented their strategies areoutperforming and will be best placed to seize immense opportunities in the sector. Weplan to be one of them. Over the longer period it's rebuilding of every industry andcountry that will offer immense opportunities to all and especially to us here atAurionpro.

In first few months of this year we have launched our hybrid cloud offerings and"Smartlender Cloud" our lending suite on cloud. In next few months we have somekey product launches which will help us redefine ourselves and help our long term growth.We have also been adding onto our sales capability through expansion of the team andthrough partnerships. I expect we will have much stronger team in place in next twoquarters. We are already on path of sustained long term growth and with the expanded teamand strong partnerships with major players we plan to do even better.

On the financial front We had a strong first quarter and with current order book wehave we will continue to do better. Our plan to be net debt free by October this year ison track and this will have positive impact on our margins. We are already seeing positiveoutlook from our vendors bankers and other stakeholders. Further with strong performanceand streamlined balance sheet we expect significant improvement in all financial ratiosthis year onwards. As a measure of prudence over last two years we have not declareddividend as we continue to strengthen the balance sheet and as we start building our cashreserves we plan to start returning cash to shareholders. I hope to communicate to you onour long term plan on this in next few months.

I wish to thank all our stakeholders including the shareholders customers vendorsemployees bankers and the government for their continued support in these difficulttimes. I also prey for the safety and wellbeing of all our stakeholders. Stay Safe StayHealthy.

Mr. Paresh Zaveri
Chairman & Managing Director

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