Kale Net Profit up 20%

Brief Highlights:

• Accelya open offer for 34.39% shares successful
• Japan Airlines selects Kale’s REVERA®
• Inaugural SIS Readiness Survey: 80% or airlines consider SIS as high priority
• Kale’s REVERA Achieves Certified Integration with SAP® Applications
• Consolidated EPS for the nine months ended December 31, 2010 at Rs.9.00 per share

Kale Consultants, the leading solutions provider to the Airline and Travel industry, has recorded 19% increase in consolidated PAT at Rs. 66.99 mn as compared to Rs. 56.51 mn for the corresponding quarter of the previous year. The consolidated operating revenue stood at Rs. 417.88 mn for the quarter ended December 31, 2010 as compared to Rs. 431.22 mn for the corresponding quarter of the previous year.

On a standalone basis the PAT stood at Rs. 59.27 mn as compared to Rs. 49.46 mn for the corresponding quarter of previous year. On a stand-alone basis, the company recorded operating revenues of Rs. 321.86 mn for the quarter ended December 31, 2010, as compared to Rs. 335.80 mn for the corresponding quarter of previous year.

The consolidated revenue for nine months ended December 31, 2010, is Rs. 1,276.04 mn compared to Rs. 1,194.97 mn for the corresponding period last year, a growth of 6.78%.

Commenting on the performance, Mr. Vipul Jain, CEO and Managing Director said “This is our first quarter post divestment of the logistics business. As a result our top-line has marginally shrunk and PAT has strengthened. The global airline industry is growing and with our transaction-based-pricing model, we stand to benefit.”

Kale Consultants provides comprehensive financial and business intelligence solutions to the airline industry. Solutions for the travel industry include an end-to-end platform for travel operators. Kale’s solutions are available as licensed, hosted and outsourced models. These innovative models are beneficial for customers since they reduce upfront investments. The return on investment on the pay for use model is quite fast since the business benefits of the solution pays for itself. Kale also offers a transaction based pricing that is tailored to the clients’ business. Thus Kale’s solutions reduce capital expenditure and offer flexible pricing models, thereby sharing risks and rewards.