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Kale Consolidated Q3 Revenues up 17 percent
By siliconindia
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Monday, 25 January 2010, 21:11 IST
Mumbai: Kale Consultants, the solutions provider to the airline, logistics and travel (ALT) industry, has recorded consolidated operating revenue of 
431.22 million for the quarter ended December 31, 2009 as compared to 368.65 million for the corresponding quarter of the previous year, a growth of 17 percent. The consolidated PAT stood at 56.51 million as compared to 38.14 million for the corresponding quarter of the previous year, a growth of 48 percent.
On a stand-alone basis, the company recorded operating revenues of 335.80 million for the quarter ended December 31, 2009, as compared to 251.27 million for the corresponding quarter of previous year, a growth of 34 percent. The PAT stood at 49.46 million as compared to 14.79 million for the corresponding quarter of previous year.
The consolidated revenue for nine months ended December 31, 2009, is 1,194.97 million compared to 1,059.38 million for the corresponding period last year, a growth of 12.8 percent.
Commenting on the performance, Vipul Jain, CEO and Managing Director said, We are on track with our business plan. The airline industry is on the path to recovery which will have a positive impact on us as well.
Kales suite of solutions is available in licensed, hosted and outsourced deployment models. Kales innovative pay-for-use hosted platform model is beneficial for customers since it reduces upfront investments. The return on investment on the pay for use model is quite fast since the business benefits of the solution pays for itself. Kale also offers a transaction based pricing that is tailored to the clients business. Similarly, Kales audit and revenue recovery services helps airlines recover lost revenue. The recovery is a direct addition to airlines profitability and helps customers identify gaps and plug revenue leakages. Thus Kales solutions reduce capital expenditure and offer flexible pricing models, thereby sharing risks and rewards.
431.22 million for the quarter ended December 31, 2009 as compared to 368.65 million for the corresponding quarter of the previous year, a growth of 17 percent. The consolidated PAT stood at 56.51 million as compared to 38.14 million for the corresponding quarter of the previous year, a growth of 48 percent.
On a stand-alone basis, the company recorded operating revenues of 335.80 million for the quarter ended December 31, 2009, as compared to 251.27 million for the corresponding quarter of previous year, a growth of 34 percent. The PAT stood at 49.46 million as compared to 14.79 million for the corresponding quarter of previous year.
The consolidated revenue for nine months ended December 31, 2009, is 1,194.97 million compared to 1,059.38 million for the corresponding period last year, a growth of 12.8 percent.
Commenting on the performance, Vipul Jain, CEO and Managing Director said, We are on track with our business plan. The airline industry is on the path to recovery which will have a positive impact on us as well.
Kales suite of solutions is available in licensed, hosted and outsourced deployment models. Kales innovative pay-for-use hosted platform model is beneficial for customers since it reduces upfront investments. The return on investment on the pay for use model is quite fast since the business benefits of the solution pays for itself. Kale also offers a transaction based pricing that is tailored to the clients business. Similarly, Kales audit and revenue recovery services helps airlines recover lost revenue. The recovery is a direct addition to airlines profitability and helps customers identify gaps and plug revenue leakages. Thus Kales solutions reduce capital expenditure and offer flexible pricing models, thereby sharing risks and rewards.