Accelya Solutions' Consolidated Income for Q2 at Rs. 710.64 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. 710.64 million for the second quarter ended December 2020 compared to Rs. 593.94 million in the quarter ending September 2020. The Consolidated PAT stood at Rs. 109.08 million compared to Rs. 20.46 million in the quarter ending September 2020.

For the quarter ended December 2019, the consolidated operating income and PAT was Rs. 1,136.02 million and Rs. 270.22 million respectively.

Ms. Neela Bhattacherjee, Managing Director, Accelya Solutions said, "The revenue this quarter has grown by around 20% vis-à-vis the last quarter, which is a sign that the industry is progressively recovering. Also, the measures we have taken to contain our cost has resulted in our PAT growing significantly as well. We are happy to announce a special interim dividend of Rs. 35 per share.

I take this opportunity to announce that Gurudas Shenoy, our CFO will be moving to a new role within the Accelya group and has stepped down as the CFO of the Company. We would like to place on record our appreciation for Mr. Shenoy's contribution to the growth of the company and wish him the best for his new role. We are glad to announce the appointment of Mr. Uttamkumar Bhati, who is currently the Vice President - Finance reporting to Mr. Shenoy, as the CFO of the Company. Mr. Bhati has been with the company for 16 years and has worked closely with Mr. Shenoy. We are confident that Mr. Bhati will be successful in his role as CFO."

Shares of Accelya Solutions India Limited was last trading in BSE at Rs.924 as compared to the previous close of Rs. 923.45. The total number of shares traded during the day was 387 in over 82 trades.

The stock hit an intraday high of Rs. 928.9 and intraday low of 912.3. The net turnover during the day was Rs. 356909.

Source : Equity Bulls

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