Kale Q3 Consolidated Revenues at Rs. 511 mn

>Kale Consultants Limited, an Accelya group company and a leading solutions provider to the Airline and Travel industry, has recorded consolidated revenues of Rs. 511.46 million for the quarter ended March 31, 2012 compared to Rs. 485.79 million in the corresponding period last year. Consolidated PAT stood at Rs. 87.42 million compared to Rs. 50.16 million in the corresponding period.

Commenting on the performance, Mr. Vipul Jain, CEO and Managing Director said “Our goal is steady revenue growth supported by annuity contracts. We have also focused on improving operational efficiencies and will continue to do so.”

Kale had announced a share buyback offer on February 2, 2012. The buyback was closed on May 2, 2012, after utilizing Rs. 129.73 million (99.99%) of the amount authorized for the Buyback. Post buyback, the promoters (Accelya Holding World S.L.) now hold 74.66% of the outstanding equity in Kale Consultants Ltd.

Kale Consultants provides comprehensive financial and business intelligence solutions to the airline and travel industry. 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. Customers enjoy a faster return on investment from the pay-per-use model as the business benefits of the solution pays for itself. Kale thereby partners with customers in sharing risks and rewards.