Kellton Tech – Growing IT company

Company’s financial performance:

• In the first half of FY24 (the six months leading to September 30, 2023), they made a total revenue of Rs 4,905 million, which is 10.3% higher than the same period the previous year.
• Their EBITDA (earnings before interest, taxes, depreciation, and amortization) for this half-year was Rs 548 million, up by 6.4% compared to the previous year.
• The profit margin for this half-year was 11.2%.
• They had a net profit of Rs 319 million for this period, with a profit margin of 6.5%.
• Their earnings per share (EPS) for the first half of the fiscal year stood at Rs 3.32.

In the quarter ending on September 30, 2023:

• Their total revenue for the quarter was Rs 2,410 million, which is 5.8% higher than the same quarter last year.
• They reported an EBITDA of Rs 268 million, up 3.1% compared to the previous year’s quarter.
• The profit margin for this quarter was 11.1%.
• They had a net profit of Rs 165 million for the quarter, with a profit margin of 6.8%.
• The earnings per share (EPS) for this quarter was Rs 1.78.

They also acquired 8 new clients in this quarter and worked on various projects, including a digital success platform, a purchase order automation solution, code deletion services, and a web portal for an oil and gas client.

Furthermore, they have been recognized as one of the premier tech brands in 2023 by the Economic Times, and they expanded into the Singapore market.