Accelya Kale Solutions (formerly Kale Consultants) has frozen upper circuit of 20% at Rs 159 on reporting over four-fold jump in consolidated net profit at Rs 12.98 crore for the fourth quarter ended June 2012, on the back of higher operational revenues. The mid-cap IT Company had a net profit of Rs 3.10 crore in year ago quarter.
The consolidated total income from operations grew 55% at Rs 69.35 crore on year-on-year basis.
Meanwhile, the board has recommended a final dividend of Rs 10 per equity share (100%) on face value of Rs 10 per share, the company said in a filing.
As many as a combined 223,920 shares have already changed hands on the counter in opening deals, against an average sub 100,000 shares that were traded daily in past two weeks. There are pending buy orders for 106,895 shares on the NSE and BSE.