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ICICI Direct Report
Accelya Kale Solutions Ltd. reported dismal Q1 FY21 (June ending) results mainly led by exposure to airline sector.
Revenues fell 5.1% QoQ, 46.7% YoY to Rs 59.2 crore mainly led by higher refund income in previous quarter.
Ebit margins were at 3.4% versus 4.5% in Q4 FY20. Employee cost increased in the quarter due to restoration of salaries (compared to salary cuts in previous quarter).
Profit after tax declined 42.5% QoQ to Rs 2.0 crore mainly led by higher tax expenses.
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