Accelya Solutions - Revenue Trajectory Continues To Improve: ICICI Direct
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ICICI Direct Report
Accelya Kale Solutions Ltd.'s revenues increased 4.4% QoQ to Rs 74.1 crore.
However, Ebitda margins declined from 31.7% to 27.1% in Q3 FY21 (financial year is June ending) mainly led by higher other expenses.
However, profit after tax was flat QoQ at Rs 10.9 crore, mainly led by lower tax expenses.
Accelya 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.
Since majority of its revenues is from the airline vertical, revenues were severely impacted by the ongoing crisis and travel restrictions.
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