Accelya Solutions - Poor Performance Continues: ICICI Direct

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ICICI Direct Report

Accelya Kale Solutions Ltd. reported Q2 FY21 results (June ending). Revenues registered healthy improvement of 19.6% QoQ to Rs 71.1 crore mainly led by recovery in airline industry.

Ebitda margins improved from 18.4% in Q1 FY21 to 31.7% in Q2 FY21. Profit after tax increased from Rs 2 crore in Q1 FY21 to Rs 10.9 crore in Q2 FY21 mainly due to expansion in operating margins.

The company has declared a special interim dividend of Rs 35 per share.

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