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Accelya Solutions India Ltd.

BSE: 532268 Sector: IT
NSE: ACCELYA ISIN Code: INE793A01012
BSE 00:00 | 24 Apr Accelya Solutions India Ltd
NSE 05:30 | 01 Jan Accelya Solutions India Ltd
OPEN 900.10
PREVIOUS CLOSE 908.60
VOLUME 20
52-Week high 1247.00
52-Week low 699.30
P/E 11.87
Mkt Cap.(Rs cr) 1,347
Buy Price 897.10
Buy Qty 100.00
Sell Price 910.25
Sell Qty 3.00
OPEN 900.10
CLOSE 908.60
VOLUME 20
52-Week high 1247.00
52-Week low 699.30
P/E 11.87
Mkt Cap.(Rs cr) 1,347
Buy Price 897.10
Buy Qty 100.00
Sell Price 910.25
Sell Qty 3.00

Accelya Solutions India Ltd. (ACCELYA) - Chairman Speech


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Company chairman speech

 

Dear Shareholders

I am happy to share with you your Company's performance in FY 2019.

The financial performance during the year has been encouraging with total revenuegrowing by 13% and net profit after tax (PAT) growing by 19% over the previous year.

The Company's total revenue for FY 2019 stood at ' 4330.25 million compared to '3825.30 million in FY 2018. The PAT grew from ' 891.79 million in FY 2018 to ' 1063.78million in FY 2019.

We continued to reward our shareholders with dividends. This year the total dividendwas ' 32 per share including an interim dividend of ' 17.

These are exciting times for your Company's business. The role of the airline CFO hasevolved from being the back-end custodian of the finance department to a more strategicfront-end role. I often say 'The CFO is now in the cockpit next to the CEO guiding theairline's strategy'. And they are more prepared than ever to leverage data and automationto make better decisions. So we looked at our financial solutions portfolio and made itmore relevant for the modern airline finance organization. As a result today we offerbundled financial solutions that provide CFOs a 360 vision of their financial processesacross their book-to-cash and procure-to-pay lifecycles. In addition the rich andaccurate data generated by our solutions is used to provide key financial insights to ourcustomers.

This year we continued our focus on the revenue accounting business successfullymigrating many of our customers to the new Version 20.

As an industry leader we continuously ensure that all our solutions are compliant withthe changes in the airline distribution landscape. Our revenue accounting solution is NDCand One Order ready. We are certified by IATA as One Order capable accounting provider. Weare also recognized by IATA as Supporting NDC for our revenue accounting solution. Some ofour revenue accounting customers have already started processing NDC transactions throughour revenue accounting platform.

We are ahead of the curve when it comes to embracing new technology advancements. Weare building artificial intelligence and machine learning capabilities in our solutions.In fact our cost management solution has already integrated robotics which has resultedin increased efficiency for our customers.

I would like to close with a note on the Company's commitment towards building amotivated and engaged workforce. Enhancing employee experience has been a key objective.To that effect we are consolidating our offices across Mumbai and Thane and will bemoving to a new facility within the city in the second quarter of FY20. The new premisesin line with international workplace standards will enhance employee experience andproductivity.

I thank each one of you for your continued confidence in the Company. I look forward toanother successful year together!

Yours truly

Neela Bhattacherjee

Managing Director