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Kale Consultants, a solutions provider to the Airline and Travel industry, has posted 20 per cent rise in its Q3 FY-11 net profit. PAT stood at Rs 5.9 crore against Rs 4.95 crore for the corresponding quarter of previous year.
The company's operating revenue showed a marginal decline year-on-year at Rs 32.2 crore (Rs 33.6 crore).
On a consolidated basis, PAT was 19 per cent up at Rs 6.7 crore against Rs 5.65 crore in the same quarter of last year. The consolidated operating revenue shrank slightly to Rs 41.8 crore.
Mr Vipul Jain, CEO and Managing Director, said, “This is our first quarter after divestment of the logistics business. As a result, our top-line has marginally shrunk and PAT has strengthened. The global airline industry is growing and with our transaction-based-pricing model, we stand to benefit.”
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