Kellton Tech Announced Q1 FY2025 Results: Secured 13 New Projects

On July 15, 2024, Kellton Tech Solutions Ltd, a global leader in digital transformation, announced its results for the quarter ended June 30, 2024 (Q1 FY2025). The company recorded growth in its operational and financial performance during the period.

Financial Performance

Total revenue for the quarter amounted to ₹ 2,624 million as compared to ₹ 2,483 million during the previous quarter, up by 5.7% QoQ basis. Kellton reported an EBITDA of ₹ 321 million, and the EBITDA margin for the quarter under review was 12.2%. Net profit stood at ₹ 199 million for the quarter.

Operational Performance

• During the quarter, the company was recognised as an Aspirant in an assessment by a renowned analyst firm for Software Product Engineering Services. This achievement highlights its commitment to innovation and top-notch solutions, validating the expertise and hard work of its entire team.
• Kellton also entered into Artificial Intelligence, harnessing the power of Co-Pilot to streamline operations and supercharge efficiency.

Secured New Clients

During the quarter, the company won 13 new projects, some of which are highlighted below:

• The company is rebuilding a cloud-based software platform for a global leader in nature-based solutions program development. The platform will be built on Python to help them keep track of all the project funding, location, and GPS updates.
• It is conducting a discovery workshop for a larger BEAD project for a leading consulting firm, where they are building a specialised engine to qualify bids for rural and urban broadband initiatives based on the provided parameters.

Commenting on the results, Mr. Niranjan Chintam, Chairman and Whole-time Director, Kellton Tech, said: As we conclude Q1 FY 2024-25, Kellton continues to exemplify exceptional growth and resilience, witnessing a substantial 5.2% year-on-year increase in total revenue, amounting to Rs 2,624 million. Our operating EBITDA margin remained robust at 12.2% for the quarter with a PAT margin of 7.6%. Our robust financial performance in this quarter underscores our strategic foresight and market adaptability.

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