Accelya Solutions India Limited has released its annual report for 2023-24, with tremendous achievements and performance coupled with a growth story in an ever-dynamic industry. Operating revenue increased to₹45,305.76 lakhs, which depicts a 10% growth from last year’s figure of₹41,160.10 lakhs. This upward trend was achieved due to the revival of air passenger and cargo traffic, exceeding the 2019 level, thus increasing core revenue accounting solutions for the company.
The exceptional dividend of ₹65 per share continues to align with last year, rewarding shareholders as the firm balances revenue growth with strategic investments. However, profit after tax declined to ₹9,359.65 lakhs from ₹11,850.58 lakhs the previous year, mainly due to impairment in investments to the tune of ₹3,532 lakhs. Accelya’s EBITDA margin stayed healthy at 44%.
During FY24, Accelya continued to align with the airline industry in its continuous evolution. Accelya settlement solutions were incorporated into IATA’s Offers & Orders initiative to support airlines in modernizing and standardizing various operations. Innovation in digital transformation put the company at the center stage as an important player in the aviation technology solutions arena.
Accelya focuses on human resource development and corporate responsibility, but the employee resource group also increased its commitment to diversity and inclusion. The company added Workday’s newest employee engagement and learning platforms further to upgrade the overall staff satisfaction and productivity levels.
Looking ahead, Accelya is in great stead to continue its success as the demand for air travel continues to climb. Its leadership trusted the strategy it initiated, believing that it would help drive innovation and empower airlines to carry out tools that allow them to streamline customer experience improvement.
Source: BRSR
Credit: Accelya Solutions India Limited