Transcript of Earnings Call held on November 02, 2026.

November 05, 2026 BSE Limited National Stock Exchange of India Ltd, PJ. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex, Mumbai-400001 Bandra (East), Mumbai -400051 Scrip Code: 532668 NSE Symbol: AURIONPRO Subject: Transcript of Earnings Call held on November 02, 2026 for the quarter and half year ended September 30, 2026. Dear Sir/Madam, In accordance with Regulation 30 and 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed transcript of the earning call held on November 02, 2026 for the quarter and half year ended September 30, 2026. Kindly take the above information on record. Thanking you, Yours faithfully, For Aurionpro Solutions Limited Ninad Kelkar Company Secretary Encl: as above “Aurionpro Solutions Limited Q2 & H1FY27 Earnings Conference Call” November 02, 2026 MANAGEMENT: MR. ASHISH RAI – GROUP CEO & VICE CHAIRMAN – AURIONPRO SOLUTIONS LIMITED MR. VIPUL PARMAR – CHIEF FINANCIAL OFFICER – AURIONPRO SOLUTIONS LIMITED MR. NINAD KELKAR – COMPANY SECRETARY – AURIONPRO SOLUTIONS LIMITED Aurionpro Solutions Limited November 02, 2026 Moderator: Ladies and gentlemen, good day and welcome to Aurionpro Solutions Limited's Q2 and H1 FY27 Results Conference Call. Today on this call, we have with us from the Management, Mr. Ashish Rai – Group CEO and Vice- Chairman, Mr. Vipul Parmar – Chief Financial Officer and Mr. Ninad Kelkar – Company Secretary. Let me draw your attention to the fact that today's discussion may include certain forward-looking statements, which are predictions, projections, or other estimates about future events. These statements reflect management's current expectations about the future performance of the company and are subject to various risks and uncertainties that may cause actual results to differ materially. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. I now hand the conference over to Mr. Ashish Rai – Group CEO and Vice Chairman at Aurionpro Solutions Limited. Following his comments, we will open the forum for question-and-answer session. Thank you, and over to you, sir. Ashish Rai: Thank you, and good morning, everyone, and welcome to our Q2 FY27 Earnings Call. This quarter marks an important operational step up for Aurionpro. We delivered INR 415 crores in revenue, up 16% both year-on-year as well as quarter-on-quarter sequentially. Crossing quarterly revenue threshold for the first time ever establishes a strong baseline for the quarters ahead. We achieved this growth while preserving solid profitability, even as we absorbed input cost pressures, we absorbed and maintained an aggressive pace of R&D investment. For the quarter, EBITDA came in at INR 71 crores at a 17.2% margin, and PAT stood at INR 50 crores at a 12% margin. Following a quiet start to the fiscal year, momentum is visibly building. When an industry undergoes a generational technology shift like we are going through, it calls for a disproportionate commitment to product innovation. We lean into that investment cycle early, and this quarter, we are beginning to see clear market validation of our roadmap. Page 2 of 19 Aurionpro Solutions Limited November 02, 2026 Let me walk you through what we are seeing across the two business units, starting with banking and fintech. Global banking, as we all know, is in the middle of a fundamental transition from legacy process- driven software towards agentic AI-native systems. Over the recent quarters, the speed of this change and regional geopolitical headwinds as well prompted banks to take a longer look at their technology roadmaps. While that stretched out some decision timelines and go-lives, the underlying shift plays directly to our strengths. Delayed implementations are largely back on schedule, and the near-term drag from those headwinds is behind us. Because we committed the capital and engineering bandwidth especially to build a genuinely built- from-scratch AI-native banking stack, we are meeting the market with ready products just as the demand is inflecting. Commercial activity has picked up meaningfully, with several large deals in advanced stages and multiple proofs of concept running across Asia, across Europe, led by our agentic AI workflows and AI-native platforms in transaction banking trade finance. With our foundational architecture in place, we will ship brand-new AI-native software every single quarter this year, sometimes more than once in a quarter, helping clients turn this technology shift into measurable business results. Moving to our Technology Innovation Group, our bets in both transit payments as well as data centers are paying off, driving record additions to our order book and pipeline, as you would have seen. In transit, Aurionpro is firmly established as a premier partner powering India's automated fare collection ecosystem across flagship metro and mass transit systems. Having proven our full-stack execution at scale across domestic markets and selective global markets, we are taking this blueprint to international markets to capture the fast-growing global smart mobility opportunity. In data centers, rapid AI workload growth is creating extraordinary demand for high-density compute, and we are deepening our footprint through new mandates with leading hyperscalers. Our ambition on the data center business is clear. We are building the pre-eminent, independent, full-stack AI data center partner in the region, helping hyperscalers, helping AI clouds, and banks bring mission-critical capacity online faster with greater predictability. What ties transit and data centers together is our atoms-to-bits strategy, which we have talked about before, the conviction that the next technology infrastructure cycle belongs to firms fusing intelligent software with precision hardware. Building on our proven transit manufacturing footprint, we are integrating backward to manufacture critical components for both next-generation data centers and mass transit networks. Page 3 of 19 Aurionpro Solutions Limited November 02, 2026 Controlling the stack end-to-end gives us tighter command over quality, timelines, and unit economics, driving structural margin efficiencies at scale as India's high-tech manufacturing expands and we become a key player in it. Across H1 FY27, our product investments are converting into commercial velocity, as you have seen. As global enterprises embark on history's largest technology cycle to re-architect for the age of AI, our priority is capturing long-term growth rather than near-term margin maximization through disciplined investments across our businesses. Our H1 performance reflects this planned R&D front-loading and related development cost capitalization to launch platforms like Verdict for onboarding, Infinity OS, Lexsi Labs offerings, etc We believe the incremental intensity of this R&D ramp that we went through, it peaked in H1 and will moderate going forward. We head into the second half backed by an order book of more than INR 2,000 crores, a deep pipeline, and accelerating execution. Our outlook for H2 remains strong, and we remain focused on executing towards the “Vision 2030” and compounding long-term shareholder value. I want to thank Aurionpro teams around the world for their discipline, for customer focus, and hard work over the past six months. With that, I will hand it back to the moderator, and let's begin the Q&A. Moderator: Thank you very much, sir. Ladies and gentlemen, we will now begin the question-and-answer session. Participants who wish to ask questions through audio and video can do so by pressing the Raise Hand icon at the bottom of your screen and wait for your turn to speak. When prompted, you can accept the prompt on your screen, unmute your audio and video, introduce the firm you represent, and ask your questions or give comments. Participants who wish to ask questions via chat [Showing first 8,000 characters — download PDF for full document]