Accelya Solutions' Consolidated Income for Q3 at Rs. 741.82 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. 741.82 million for the third quarter ended March 2021 compared to Rs. 710.64 million in the quarter ending December 2020. The Consolidated PAT stood at Rs. 108.87 million compared to Rs. 109.08 million in the quarter ending December 2020.

For the quarter ended March 2020, the consolidated operating income and PAT was Rs. 1,138.12 million and Rs. 236.73 million respectively.

Ms. Neela Bhattacherjee, Managing Director, Accelya Solutions said, "Our revenue has increased vis-a-vis the last quarter mainly due to a recovery in worldwide passenger volumes. We continue to maintain our positive margin and cash flow due to the business resilience and cost control measures adopted. The safety and wellbeing of our employees continues to be our main focus and though we continue to work from home, our customer services continue as normal."

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 Solutions India Limited was last trading in BSE at Rs.925.1 as compared to the previous close of Rs. 957.15. The total number of shares traded during the day was 5326 in over 643 trades.

The stock hit an intraday high of Rs. 968.85 and intraday low of 917. The net turnover during the day was Rs. 5023190.

Source : Equity Bulls

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