India's Aurionpro Solutions falls as Q4 core profit margin contracts

Aurionpro Solutions

16/05/2023 10:09

** Shares of Aurionpro Solutions Ltd  APSL.NS  fall as much
as 9.22% to 500 rupees, their steepest intraday pct drop in more
than six months
    ** Stock drops after the technology solutions firm reported
a contraction in March-quarter core profit margin to 18.9% from
19.58% Y/Y, on 41% Y/Y rise in costs  urn:newsml:reuters.com:*:nFWN37D0UM
    ** Consolidated net profit jumps 32% Y/Y to 250.85 mln
rupees while revenue from operations gains 39% to 1.91 bln
rupees
    ** Co also approves a dividend of 2.5 rupees per share,
subject to shareholders' approval
    ** Trading volume is 437,687 shares, 2.6x the 30-day avg -
Refinitiv data
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))