Accelya Solutions India Set to Distribute Final Dividend
Accelya Solutions India, a prominent player in the software sector for the airline industry and a part of the global Accelya group, has announced a significant final dividend for its shareholders. For the financial year 2024, the company will be distributing a dividend of Rs 40 per share. This announcement aligns with the company’s quarterly results for the period of April to June 2024, further underscoring its commitment to providing value to its investors.
Record Date and Payout Details
To be eligible for this dividend, shareholders must have their names recorded in the Register of Members, or as beneficial owners of shares on or before October 4, 2024. The anticipated payout date for the dividend is set for October 29, 2024. This ensures that those who are invested in the company can benefit from this favorable financial decision.
Performance Overview
Accelya Solutions India has shown promising performance in 2024, with its stock appreciating by approximately 30% year-to-date. As of September 27, 2024, shares of Accelya Solutions were trading at Rs 1848.70 on the Bombay Stock Exchange (BSE), reflecting impressive growth in the company’s market valuation, which now stands at around Rs 2,700 crore. The company’s face value per share is Rs 10, making the current trading price notably robust.
Financial Highlights of Q1 FY 2024
| Metric | Q1 FY 2024 | Q1 FY 2023 |
|---|---|---|
| Consolidated Revenue | Rs 128.11 crore | Rs 122.50 crore |
| Net Profit | Rs 31.18 crore | Rs 32.11 crore |
| Total Expenses | Rs 89.32 crore | Rs 82.17 crore |
Despite a modest decrease in net profit year-on-year—from Rs 32.11 crore in Q1 FY 2023 to Rs 31.18 crore in Q1 FY 2024—Accelya Solutions India maintains a strong revenue growth trajectory. The revenue increase to Rs 128.11 crore year-on-year is indicative of its resilience and adaptation in a competitive market.
Promoter Holdings and Market Outlook
As of the end of June 2024, promoter holdings stood at an impressive 74.66%, reflecting strong insider confidence in the company’s future prospects. This consistent backing, combined with a steady rise in share price and dividend announcements, creates a favorable scenario for new and existing investors alike.
Disclaimer: The insights provided in this article are intended solely for informational purposes. Investing in the stock market carries inherent risks, and potential investors should consult with financial experts before making investment decisions. Accelya Solutions is positioned well in the market, but prudent investing is advisable.
