Accelya Solutions' Consolidated Income for Q4 at Rs. 628.34 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. 628.34 million for the fourth quarter ended June 2020 compared to Rs. 1,138.12 million in the quarter ending March 2020. The Consolidated PAT stood at Rs. 35.57 million compared to Rs. 236.73 million in the quarter ending March 2020.

For the quarter ended June 2019, the consolidated operating income and PAT was Rs. 1,090.62 million and Rs. 264.04 million respectively.

For the year ended 30th June 2020, the consolidated operating income and PAT was Rs. 4,120.28 million and Rs. 868.10 million respectively compared to Rs. 4,330.25 million and Rs. 1,063.78 million in the previous year ended 30th June 2019.

Ms. Neela Bhattacherjee, Managing Director, Accelya Solutions said, "The airline industry has been severely affected by the Covid 19 pandemic, and this has impacted our revenues in FY20. In view of the ongoing Covid 19 pandemic, your Company would like to conserve cash and accordingly the board has decided not to recommend any final dividend for the year. During these challenging times, we will continue to keep the focus on our employee safety and well-being, customers and business continuity".

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.1049 as compared to the previous close of Rs. 1032.65. The total number of shares traded during the day was 6449 in over 604 trades.

The stock hit an intraday high of Rs. 1065 and intraday low of 1006.5. The net turnover during the day was Rs. 6717594.

Source : Equity Bulls

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