Kale posts steady growth in FY10

Revenue grows 23%; PAT grows at 89%

Brief Highlights:

• Airline business sees increased traction, signs up 6 new customers
• Awarded “Emerging IT Solutions Provider in the Logistics Industry”
• Introduces Technology Adoption Index for Logistics industry, a first-of-its-kind industry benchmark to derive their technology effectiveness and business competitiveness
• Launches integrated travel technology solution - RAINBOWTM
• Standalone EPS for the year at Rs. 14.53 per share; Consolidated EPS at Rs. 19.45

Kale Consultants Limited, the leading solutions provider to the Airline, Airport, Logistics and Travel (AALT) industry, has recorded revenues of Rs. 1,267.30 million for the year ended March 31, 2010, as compared to Rs. 1,026.22 million for the previous year, a growth of 23%. PAT stood at Rs. 191.40 million compared to Rs. 101.34 million in the previous year, a growth of 89%.

For the quarter ended March 31 2010, Kale recorded revenues of Rs. 382.14 million as compared to Rs. 284.79 million during the previous year, a growth of 34%. PAT stood at Rs. 66.53 million compared to Rs. 42.48 million in the previous year, which is a growth of 57%.

Consolidated revenues for the year ended March 31, 2010, stood at Rs. 1,659.20 million as compared to Rs. 1,446.57 million during the previous year, a growth of 15%. Operational PBT stood at Rs. 259.13 million as compared to Rs. 215.96 million in the previous year, which is a growth of 20%. For the quarter ended March 31, 2010, Kale has recorded consolidated revenues of Rs. 464.24 million as compared to Rs. 387.19 million for the corresponding quarter of the previous year, a growth of 20%. Operational PBT stood at Rs. 66.97 million as compared to Rs. 70.29 million during the corresponding quarter of the previous year.

Commenting on the performance, Narendra Kale, Chairman, said, “The last year has been a challenging year for the airline, travel and logistics industry and therefore for solution providers like ourselves. Our results speak for our differentiated solutions and the trust and resilience of our business model. Further, we are pleased to recommend a dividend of Rs. 2 per share.”

About Kale Consultants Limited:

Kale Consultants Limited is a leading solutions provider to the global Airline, Logistics and Travel (ALT) industry. Committed to innovation and excellence, Kale delivers world-class software products, technology, managed process, hosting and consulting services. Kale employs over 1,600 talented professionals who focus on delivering quality service to over 120 satisfied customers across 30 countries.

Kale’s Industry Solutions are driven by active partnerships with industry bodies and customers, and unparalleled domain knowledge. Kale’s Customised Approach in deploying these solutions supports clients with best fit solutions to match to their requirements.

Visit us at www.kaleconsultants.com