1. Opening Hook
While Silicon Valley debated whether AI could replace coders, Aurionpro quietly turned its AI labs in Mumbai, Paris, and London into temples of enterprise reinvention. Ashish Rai didn’t just talk tech—he evangelized it, sermon-style, about “three races” in AI while posting a 29% revenue surge. Somewhere, the gods of legacy IT services sighed.
As the Bhagavad Gita reminds us,“You have the right to work, but never to the fruit of work.”Aurionpro seems to be working on divine autopilot—AI as karma, margin as maya.
Keep reading, because the real fun begins where EBITDA meets enlightenment.
2. At a Glance
- Revenue up 29%– Clearly, Excel sheets got jealous of their own formulas.
- EBITDA margin 20–22%– Management calls it “discipline”; investors call it “still not 25.”
- PAT resilient– Profit refused to flinch despite heavy R&D burns.
- 19 new client logos– Collecting banks like kids collect Pokémon.
- Rs 1,500–1,600 crore FY26 target– Growth marathon, no pit stops.
- Stock quietly smug– Traders heard “AI labs” and stopped listening.
3. Management’s Key Commentary
“Revenue grew 29% YoY with industry-leading margins.”(Translation: Even ChatGPT couldn’t hallucinate numbers this neat.)
“We added 19 new logos this quarter, 35 in H1—the highest ever.”(Translation: The sales team finally discovered caffeine.)
“AI is not decoration; it’s the differentiator.”(Translation: Unlike some companies slapping ‘AI’ on PowerPoints, we actually code.)😏
“We invested ₹1,000 crore in product development and acquisitions over four years.”(Translation: Burn cash now, brag later—classic tech scripture.)
“Europe expansion will take another four quarters before the flywheel spins.”(Translation: We’ve lit the fire, now waiting for the bureaucrats to warm up.)
“EBITDA maximization is not our goal right now.”(Translation: Chill, we’re in empire-building mode, not dividend-paying mode.)
“Data centers and transit payments
both growing 35–50% annually.”(Translation: Two rockets, one launchpad.)
“We never fail a customer.”(Translation: Because failed implementations are so 2010.)🚀
4. Numbers Decoded
| Metric | Q2 FY26 | YoY Growth | Commentary |
|---|---|---|---|
| Revenue | ₹750+ crore (est.) | +29% | New logo wave & AI-led banking wins |
| EBITDA Margin | 20–22% | Flat | Investing profits back into R&D |
| PAT | ~₹150 crore (est.) | Steady | High-quality growth, not just volume |
| Order Book | ₹1,500 crore | — | 80% executable over next 6 quarters |
| R&D Spend | ₹120 crore | ↑ | Where margins go to meditate |
| Clients Added | 19 logos | — | From UCO Bank to Europe’s fintechs |
Margins held firm despite global expansion and rising wage costs—discipline or wizardry, your pick.
5. Analyst Questions
Q:Europe traction timeline?A:“Flywheel in 12 months.”(So, FY27—mark your calendars.)
Q:Cash flows negative again?A:“Nature of product business—collections pick up in Q4.”(A CFO’s way of saying “trust the process.”)
Q:Data center margins?A:“5–6% below company average.”(Because even data needs time to mature.)
Q:Employee costs up?A:“We hired and acquired. Won’t repeat every quarter.”(Until next quarter.)
Q:AI as a standalone opportunity?A:“Three races—apps,
