Hyderabad-based Kellton Q1 net profit jumps 35.7%

However, we are confident of the future outlook with our strong pipeline and the onset of Phase 2 of the Mauritius project.

By Author  |  Business Bureau  |  Published: 15th Aug 2018  1:41 pm
Kellton Tech Solutions logo.

Hyderabad: Hyderabad-based Kellton Tech Solutions has reported a net profit of Rs 19.64 crore in Q1FY19 ended June 30, 2018, as compared to Rs 14.47 crore in the corresponding period of previous year, reflecting a growth of 35.7 per cent on Y-o-Y basis.

The company’s earnings per share (EPS) stood at Rs 2.05 for the quarter under review as compared to Rs 1.55 in the corresponding period of previous year, up by 32.3 per cent on Y-o-Y basis. Kellton registered a total revenue of Rs 209.69 crore during Q1 compared to Rs 175.29 crore during the corresponding period of previous year, reflecting a growth of 19.6 per cent on Y-o-Y basis.

The company reported an EBITDA of Rs 32.98 crore in Q1FY19 as compared to Rs 25.41 crore in Q1FY18, registering an increase of 29.8 per cent on Y-o-Y basis.

Commenting on the results, Niranjan Chintam, chairman & whole-time director, Kellton Tech, said, “The strategic divestment of one of our subsidiaries and the successful completion of Phase 1 of the Mauritius Government Project has resulted in slower growth this quarter.

However, we are confident of the future outlook with our strong pipeline and the onset of Phase 2 of the Mauritius project. At present, our expertise in enterprise integration platforms is driving traction in the APAC region. We are also aligning our investments with technology shifts and trends to strengthen our value proposition and stay ahead in our journey of disrupting businesses.”