Hyderabad-based Kellton Tech reports 2.4% growth in net profit

The total revenue of the company grew by 5.4 per cent from Rs 175.8 crore in same quarter last year to Rs 185.2 crore this quarter.

By   |  Business Bureau  |  Published: 9th Dec 2017  5:27 pmUpdated: 9th Dec 2017  5:28 pm
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Hyderabad: Hyderabad-based Kellton Tech Solutions reported a net profit growth of 2.4 per cent quarter-on-quarter basis for the second quarter ended September 30.

The digital transformation company reported net profit of Rs 14.9 crore for second quarter as against Rs 14.6 crore for the same period last year. The total revenue of the company grew by 5.4 per cent from Rs 175.8 crore in same quarter last year to Rs 185.2 crore this quarter.

The company acquired six new clients during the second quarter. Some of the big projects include implementing the Early Digital Learning Programme project for the Republic of Mauritius, developing a customer-centric and intelligent digital platform for one of the leading manufacturer of electric motors, mechanical, and electrical motion controls and power generation products;

An end-to-end digital transformation solution that enabled high net worth individuals manage their wealth along with key financial trends and investment opportunities and developed a revolutionary, one-stop health care platform dedicated to extend the horizons of healthcare facilities and services.

Niranjan Chintam, chairman and whole-time director, Kellton Tech, said, “The quarter ended was in line with our expectations. I am pleased with the overall performance in the first half with a 23.8 per cent growth in topline and 18.2 per cent growth in profitability on year on year basis.

Our EBITDA increased by 34 per cent in H1FY18 aided by growth in our digital transformation business in APAC region. We continue to secure new clients in our portfolio. We are confident of maintaining the growth momentum going forward.”