Kellton Tech’s net profit up 33% in H1 FY19

In terms revenue, Kellton clocked in Rs 420.32 crore during the six month period under review as compared to Rs 360.54 crore in the same period last year, registering growth of 16.6 per cent YoY basis.

By Author  |  Business Bureau  |  Published: 16th Nov 2018  1:14 am

Hyderabad: Digital transformation solutions provider Kellton Tech reported 33.8 per cent rise in net profit year-on-year basis for the first half of the financial year 2019. It reported Rs 39.56 crore net profit for the H1 FY19 as compared to Rs 29.5 crore in the corresponding period of the previous year. In terms revenue, Kellton clocked in Rs 420.32 crore during the six month period under review as compared to Rs 360.54 crore in the same period last year, registering growth of 16.6 per cent YoY basis.

For the quarter ended September 30, the Hyderabad-headquartered company reported 14 per cent rise in revenue from Rs 184.84 crore during the same period last year to Rs 210.64 crore this quarter. Its net profit was up by 32 per cent to Rs 19.85 crore for the quarter under review from Rs 14.96 crore corresponding period last year.

Niranjan Chintam, chairman and whole-time director, Kellton Tech, said, “We continue to maintain steady momentum with a strong pipeline and multi-year wins. Our deep domain knowledge and innovative approach has helped us to drive more wins and proud recognitions in the industry; thus giving us a huge leg-up over our peers. We continue to focus on organic over inorganic growth this year. Our strategic investments in new-age technologies and people have started bearing fruit.”