Mumbai : Accelya Kale Solutions Limited, an Accelya group company and leading provider of financial and business intelligence solutions to the Airline and Travel industry, has recorded consolidated operating income of Rs. 792.77 million for the first quarter ended September 2013 compared to Rs. 675.05 million in September 2012. Consolidated PAT stood at 165.62 million compared to Rs.201.78 million in the corresponding period. Thus revenues have grown by 17%, while PAT show a decline of Rs 36.16 million.

The decline on PAT is largely on account of mark to market loss of Rs. 85.23 million on forward foreign exchange contracts.

For the quarter ended June 2013, the consolidated operating income and PAT was Rs 790.37 million and Rs 189.38 million respectively.

Commenting on the performance, Mr. Vipul Jain, Managing Director, said “Our performance is on track. For the first time in aviation history, global passenger numbers will cross the 3 billion mark in 2013. This positive outlook of the aviation industry and growth in transaction volumes will add headwinds to our business “

Accelya Kale provides comprehensive financial and business intelligence solutions to the airline industry. Accelya Kale’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 Kale thereby partners with customers in sharing risks and rewards.

Source : Lokesh Shastri