Accelya Solutions' Consolidated Income for Q3 at Rs. 1,138.12 Million

Accelya Solutions India Limited, an Accelya Group company and a leading provider of financial and commercial solutions to the Airline and Travel industry, has recorded consolidated operating income of Rs. 1,138.12 million for the third quarter ended March 2020 compared to Rs. 1,136.02 million in the quarter ending December 2019. The Consolidated PAT stood at Rs. 236.73 million compared to Rs. 270.22 million in the quarter ending December 2019.

For the quarter ended March 2019, the consolidated operating income and PAT was Rs. 1,062.25 million and Rs. 264.73 million respectively.

Ms. Neela Bhattacherjee, Managing Director, Accelya Solutions said, "The effect of the COVID 19 pandemic was felt in the month of March 2020 and is likely to impact the last quarter of FY20 more substantially as travel restrictions continue. A majority of our workforce continues to work from home and our focus has been on the wellbeing of our employees and business continuity for our customers."

Accelya Solutions provides comprehensive financial and business intelligence solutions to the airline industry. Accelya's solutions are available as hosted and outsourced in pay-per-use models. These innovative models are beneficial for customers since they reduce upfront capital investments. The return on investment on the pay-per-use model is quite fast since the business benefits of the solution pays for itself. Accelya Solutions thereby partners with customers in sharing risks and rewards.

Shares of Accelya Kale Solutions Limitd was last trading in BSE at Rs.910 as compared to the previous close of Rs. 905.2. The total number of shares traded during the day was 231 in over 35 trades.

The stock hit an intraday high of Rs. 937.7 and intraday low of 900. The net turnover during the day was Rs. 211316.

Source : Equity Bulls

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