Kale consultants post Net Profit of Rs 2.66 cr

Mumbai, Oct 20 (UNI) Kale Consultants, a leading solutions provider to the Airline, Logistics and Travel (ALT) industry, today reported a revenue of Rs 26.20 crore for the second quarter of current fiscal, recording a growth of 25.52 per cent.

The Net Profit was Rs 2.66 crore as against Rs 0.58 crore earned during the corresponding period last fiscal. The Company achieved a mile stone of crossing the 100 mark in its client list during the quarter.

Consolidated income for the quarter ended September 30, 2008 stood at Rs 37.29 crore as compared to Rs 35.88 crore for the corresponding quarter of the previous year. The consolidated PAT stood at 4.08 crore as compared to Rs 2.78 crore for the corresponding quarter of the previous year.

Commenting on the performance, Company Chief Financial Officer Sumeet Nadkar said, ''In Q2 we have sustained our steady growth, and are confident of further growth in the coming quarters. The steady growth in these tough economic conditions is a result of our annuity- based revenue model, which ensures that irregular spikes in business do not affect our results.'' UNI VK RN SKB1602