Hyderabad-based Kellton Tech’s FY18 net up 28.9%

The company’s net profit stood at Rs 68.39 crore for FY18 as compared to Rs 53.06 crore in FY17 reflecting a growth of 28.9 per cent on Y-o-Y basis.

By Author  |  Business Bureau  |  Published: 31st May 2018  10:10 pm
Kellton Tech
Kellton Tech logo

Hyderabad: City-based Kellton Tech Solutions reported total revenue at Rs 786.2 crore million for FY18 as compared to Rs 618.4 crore in FY17 reflecting a growth of 27.1 per cent on Y-o-Y basis.

The company reported an EBITDA of Rs 121.1 crore for FY18 as compared to Rs 85.7 crore in FY17 reflecting an increase of 41.3 per cent on Y-o-Y basis. EBITDA Margin for FY18 was 15.4 per cent as compared to 13.9 per cent in FY17.

The company’s net profit stood at Rs 68.39 crore for FY18 as compared to Rs 53.06 crore in FY17 reflecting a growth of 28.9 per cent on Y-o-Y basis.

The company’s total revenue stood at Rs 214.93 crore during the quarter under review, up 2 per cent on Q-o-Q basis and 28.7 per cent increase on Y-o-Y basis. The company reported an EBITDA of Rs 36.52 crore for Q4FY18, an increase of 15.6 per cent on Q-o-Q basis and up 53.7 per cent on Y-o-Y basis. WBITDA margin for the quarter under review was 17 per cent as compared to 15 per cent in Q3 FY18 and 14.2 per cent in Q4FY17. Net profit stood at Rs 22.31 crore for Q4FY18, reflecting a growth of 31 per cent on Q-o-Q basis and 57.9 per cent on Y-o-Y basis.

Commenting on the results, Niranjan Chintam, chairman & whole-time director, Kellton Tech, said, “The year ended on a positive note. With investments in leadership development, brand building, technology, and innovation, we are now trusted digital transformation partners for our clients.

This year leveraging our expertise in artificial intelligence, analytics, cloud, and the internet of things (IoT) we will deliver innovative solutions for our clients, sustaining growth and improving shareholder value.”