Kale Consultants Ltd has posted a consolidated net profit of Rs 8.74 crore for the quarter ended March 31, 2012, against Rs 5 crore in the corresponding period of last year translating into a rise of 75 per cent year on year.
Consolidated revenue stood at Rs 51 crore compared to Rs 48.6 crore, a 5 per cent growth YoY.
Kale had announced a share buyback offer on February 2, 2012, which closed on May 2, 2012, after utilising Rs 12.97 crore (99.99 per cent) of the amount authorized for it. The promoters (Accelya Holding World S.L.) now hold 74.66 per cent of the outstanding equity in Kale Consultants Ltd.
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