Rs 40/Sh Dividend Recommended: Small Cap IT Stock Posts 2.8% Fall In Net Profit

Small cap IT Software company, Accelya Solutions India Ltd shares recorded gain of 1.15% on July 26, 2024. Current market price of Accelya Solutions India share on BSE is Rs 1910.85 per share. Today, Board of Directors of Accelya Solutions India recommended a final dividend of Rs 40 per share and the dividend payout date October 29, 2024. The company fixed October 4, 2024 as the record date for final dividend. The company has a market capitalisation of Rs 2852.18 crore. Accelya Solutions India shares offered stunning returns surged 34% year-to-date and gained 113% in last 2-years. Check details below:

Accelya Solutions India Recommends Dividend: As per the exchange filing of Accelya Solutions India issued as on July 26, "We wish to inform you that the Board of Directors at its meeting held today, has recommended final dividend of Rs. 40 per share, subject to the approval of shareholders of the Company at the ensuing Annual General Meeting. The dividend payout date is Tuesday, 29th October, 2024."

Accelya Solutions India Quarterly Results: Today the company also announced its Q1 results. Accelya Solutions for the quarter ended June 30, 2024 announced its net profit at Rs 31.19 crore, down 2.87% as against the net profit of Rs 32.11 crore declared in the corresponding quarter of last year. The company announced its sales for the quarter ended June 30, 2024 at Rs 128.03 crore, up 4.58% as against the net sales of 122.42 crore declared in the similar quarter of last year. For full year, the company announced its net profit at Rs 93.85 crore for year ended June 2024, down 25.94% as compared to Rs 126.72 crore announced in the previous year ended June 2023. Meanwhile, sales rallied 8.90% for the year ended June 2024 at Rs 510.79 crore as against Rs 469.04 crore declared in the previous year ended June 2023.

Accelya Solutions Stock Performance & Return: The 52-week high price of Accelya Solutions share on BSE is Rs 2128.25per share (as on 15/02/2024) and 52-week low price is Rs 1308.80 per share (as on 13/12/2023), respectively. Accelya Solutions shares offered return of 12% in last 1-month, gained 33% in last 1-year, zoomed 37% in last 3-years, and soared 131% in last 5-years.

About: Accelya is a leading global software provider to the airline industry, powering 200+ airlines with an open, modular software platform that enables innovative airlines to drive growth, delight their customers and take control of their retailing. Owned by Vista Equity Partners long-term perennial fund and with 2K+ employees based around 10 global offices, Accelya are trusted by industry leaders to deliver now and deliver for the future, according to its Linkedin page.

Disclaimer: The stock just highlights the dividend, results, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.