Accelya Kale surges on wining outsourcing deal from Garuda Indonesia

Garuda Indonesia, the national carrier of Indonesia has outsourced its fare filing to Accelya Kale.

Accelya Kale Solutions Ltd (formerly Kale Consultants) has surged 13% to Rs 516, extending its previous day’s gain, after the company said it has won an outsourcing contract from Garuda Indonesia, the national carrier of Indonesia. The financial terms of the deal were not disclosed.

Garuda Indonesia has outsourced its fare filing to the company, Accelya Kale said in a release.

Accelya’s Fare Management Services will enable Garuda Indonesia to improve efficiency in fare filing, maintain a high standard for fare filing accuracy using six statistical controls and avoid revenue leakage, it added.

Earlier last week, the company has won an outsourcing contract from Air Seychelles, the national carrier of Seychelles.

For the quarter ended March 2013, the company had posted nearly three-fold jump in its consolidated net profit at Rs 24.31 crore.

The stock opened at Rs 459 and hit a high of Rs 520 on NSE. A combined around 43,065 shares have changed hands on the counter till 1011 hours on NSE and BSE.