Accelya Kale Solutions Ltd, an Accelya Group company, today reported marginal decline in net profit at Rs 18.46 crore for the fourth quarter ended June 2014.
The company's net profit stood at Rs 18.93 crore in the same period last year.
The company has recorded consolidated operating income of Rs 72.78 crore for the fourth quarter ended June 2014 compared to Rs 79.03 crore in the corresponding quarter of the previous year.
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For the year ended June 2014, the consolidated operating income and PAT was Rs 315.41 crore and Rs 86.19 crore, respectively compared to Rs 298.83 crore and 84.37 crore in the previous year ended June 2013.
The board of directors has recommended a final dividend of Rs 22 per equity share taking the annual dividend payout to Rs 49 for FY'14.
Commenting on the performance, Vipul Jain, MD and CEO said, "In FY 14 we have maintained our revenues and earnings compared to previous year despite many challenges. The next few quarters' financial performance is likely to be in line with Q4 results."
Accelya Kale provides comprehensive financial and business intelligence solutions to the airline industry. The company'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, Jain said.
