 "Accelya Kale Solutions dips over 10% on weak Q4 earnings")
Accelya Kale Solutions has dipped 13% to Rs 1,015 on the National Stock Exchange (NSE) in early morning trade after reporting 24% year-on-year (YoY) drop in its consolidated net profit at Rs 14.06 crore for the fourth quarter ended June 30, 2015 (Q4).
Information technology (IT) consulting & software firm had profit of Rs 18.47 crore in the same quarter last year.
Total income from operations of the company grew 3.16% at Rs 75.35 crore in June quarter against Rs 73.04 crore in the corresponding quarter of previous fiscal.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) margin declined nearly 300 basis points to 38.08% from 40.81%.
At 11:26 AM, the stock was down 11% at Rs 1,044 on the NSE. A combined 43,589 shares changed hands on the counter on the NSE and BSE so far.
Information technology (IT) consulting & software firm had profit of Rs 18.47 crore in the same quarter last year.
Total income from operations of the company grew 3.16% at Rs 75.35 crore in June quarter against Rs 73.04 crore in the corresponding quarter of previous fiscal.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) margin declined nearly 300 basis points to 38.08% from 40.81%.
At 11:26 AM, the stock was down 11% at Rs 1,044 on the NSE. A combined 43,589 shares changed hands on the counter on the NSE and BSE so far.