Accelya Solutions' Consolidated Income for Q3 at Rs. 1,309.85 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. 1,309.85 million for the quarter ended March 2024 compared to Rs. 1,247.5 million for the quarter ended December 2023. The Consolidated PAT stood at Rs. 2.02 million compared to Rs. 309.31 million for the quarter ended December 2023.

Profit before exceptional items and tax for the quarter ended March 2024 stood at Rs. 454.44 million compared to Rs. 400.45 million for the quarter ended December 2023.

Exceptional items in consolidated financial results for quarter ended March 2024 consist of impairment of Goodwill pertaining to its subsidiary Accelya Solutions UK Limited (Cash Generating Unit - CGU), as a result of reassessment of potential of the business of the CGU, which is not a significant contributor to the earnings of the Company.

The Exceptional items in standalone financial results for quarter ended March 2024 consist of impairment of investment in its subsidiary Accelya Solutions UK Limited, as a result of reassessment of potential of the business of the subsidiary, which is not a significant contributor to the earnings of the Company.

For the quarter ended March 2023, the consolidated operating income and PAT stood at Rs. 1,194.59 million and Rs. 362.95 million respectively.

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. 1779.80 as compared to the previous close of Rs. 1813.05. The total number of shares traded during the day was 3060 in over 682 trades.

The stock hit an intraday high of Rs. 1816.40 and intraday low of 1740.00. The net turnover during the day was Rs. 5421249.00.

Source : Equity Bulls

Keywords

AccelyaSolutionsIndia INE793A01012 Q3FY24 ResultUpdate