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ICICI Direct Report
Accelya Kale Solutions Ltd. reported dismal Q4 FY20 (June ending) results mainly led by exposure to airline sector.
Revenues fell 44.7% QoQ, 42.4% YoY to Rs 62.8 crore. Ebit margins were at 4.5% versus 28.9% in Q3 FY20.
Profit after tax declined 85.0% QoQ to Rs 3.6 crore. Due to challenging times, the company has not declared a dividend and will conserve cash.
Accelya Solutions partners with airlines right from the time a ticket or an airway bill is issued, all the way through its entire life cycle, until the data is converted into actionable decision support.
The major product offering of the company is revenue accounting and assurance that forms the largest portion of overall revenue and has a niche product offering called ‘Revera’.
Since majority of its revenues is from airline vertical (that was severely impacted by the ongoing crisis), we expect revenues to dip 11% YoY in FY21E.
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