Companies

Kellton Tech net profit up at Rs 20 cr

Our Bureau Hyderabad | Updated on August 15, 2018 Published on August 15, 2018

IT services company Kellton Tech has registered a net profit of Rs 19.64 crore in the quarter ended June 30, 2018, as against Rs 14.47 crore, showing a growth of 35.7 per cent.

Total revenue was put at Rs 209.69 crore as against Rs 175.29 crore in the comparable quarter last year, showing a growth of 19.6 per cent.

“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 project,” Niranjan Chintam, Chairman of Kellton Tech, said.

“At present, our expertise in enterprise integration platforms is driving traction in the Asia-Pacific 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,” he said, commenting on the performance of the June quarter.

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Published on August 15, 2018
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