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Accelya Solutions India Ltd
| Consolidated Unaudited Results for Quarter & Nine Months Ended March 31, 2026
Report Source
⬤29th Apr 26
Summary : Accelya Solutions India reported strong Q3 FY26 consolidated financial performance with increased income and PAT, despite one-time labor code impact.
Quarterly Report Analysis & Insights
Financial Disclosures
- Consolidated Employee benefits expense (Q3 FY26): Rs. 3,664.95 Lakhs.
- Consolidated Finance costs (Q3 FY26): Rs. 195.19 Lakhs.
- Consolidated Depreciation and amortisation expenses (Q3 FY26): Rs. 1,457.54 Lakhs.
- Consolidated Other expenses (Q3 FY26): Rs. 6,500.18 Lakhs.
- Standalone Employee benefits expense (Q3 FY26): Rs. 3,660.41 Lakhs.
- Standalone Finance costs (Q3 FY26): Rs. 195.19 Lakhs.
- Standalone Depreciation and amortisation expenses (Q3 FY26): Rs. 1,457.54 Lakhs.
- Standalone Other expenses (Q3 FY26): Rs. 6,485.59 Lakhs.
- Consolidated Revenue from operations (Q3 FY26): Rs. 13,605.33 Lakhs.
- Consolidated Other income (Q3 FY26): Rs. 1,165.25 Lakhs.
- Standalone Revenue from operations (Q3 FY26): Rs. 13,486.33 Lakhs.
- Standalone Other income (Q3 FY26): Rs. 2,084.05 Lakhs.
- Both consolidated and standalone unaudited financial results presented.
- Consolidated Net Profit for Q3 FY26: Rs. 2,137.53 Lakhs.
- Standalone Net Profit for Q3 FY26: Rs. 2,981.85 Lakhs.
- Exceptional item (Labour Codes impact) of Rs. 1,171.61 Lakhs recorded in both.
Corporate Overview
- Operations spread across 11 countries worldwide.
- Provides financial and business intelligence solutions to the airline industry.
- Solutions available as hosted and outsourced in pay-per-use models.
- Partners with customers in sharing risks and rewards.
- Offers modular technology solutions for air travel, from offer to settlement.
- Solutions organized around commercial planning, sales, distribution, financial reconciliation, settlement.
- Positive and confident regarding financial performance.
- Highlights benefits of pay-per-use and partnership models.
- Over 250 airline customers.
- Serves airlines, travel agents, and industry bodies like IATA.
- Single reportable segment: software solutions for global airline and travel industry.
- Employs over 2,500 professionals worldwide.
Risk Factors
- Earnings fluctuations and growth management challenges.
- Intense competition in IT services industry.
- Client concentration and immigration restrictions.
- New labor codes impact gratuity liability.
Key Drivers
- Operating income increased quarter-on-quarter.
- Net profit significantly grew quarter-on-quarter.
- Pay-per-use model reduces customer investment.
- Partners with customers, sharing risks and rewards.
Auditor’s Report
- Review conclusion: nothing came to attention indicating material misstatement or non-disclosure.
- Reliance on prior period audit/review reports by Deloitte Haskins & Sells LLP.
Board Commentary
- Financial implications from New Labour Codes on gratuity liability.
- Impact of New Labour Codes effective 21 November 2025.
- Increase in gratuity liability by Rs. 1,171.61 lakhs due to change in 'wages' definition.
Corporate Governance
- Audit Committee reviewed and recommended results to Board.
Management Discussion & Analysis
Future Strategy
- Partners with customers in sharing risks and rewards.
Industry Overview
- Serves the global airline and travel industry.
Performance Drivers
- Consolidated operating income increased to Rs. 1,360.53 million in Q3 FY26 from Rs. 1,328.90 million in Q2 FY26.
- Consolidated PAT increased to Rs. 213.75 million in Q3 FY26 from Rs. 139.40 million in Q2 FY26.
- Pay-per-use models reduce customer upfront capital investments.
- Business benefits of solutions quickly pay for themselves.
Critical Risks
- Fluctuations in earnings.
- Ability to manage growth.
- Intense competition in IT services.
- Wage increases in India.
- Ability to attract and retain highly skilled professionals.
- Time and cost overruns on fixed-price, fixed-time frame contracts.
- Client concentration.
- Restrictions on immigration.
- Ability to manage international operations.
- Reduced demand for technology in key focus areas.
- Disruptions in telecommunication networks.
- Ability to successfully complete and integrate potential acquisitions.
- Liability for damages on service contracts.
- Withdrawal of governmental fiscal incentives.
- Political instability.
- Legal restrictions on raising capital or acquiring companies outside India.
- Unauthorized use of intellectual property.
- General economic conditions affecting the industry.