Kellton Tech Q1 FY21 Total Revenue at Rs 1,820 Million

Kellton Tech Solutions Ltd. (BSE & NSE: KELLTONTEC), a global leader in digital transformation serving startups to Fortune 500 companies announced today its financial results for First Quarter & Year Ended 30th June, 2020.

Review of financial performance for the quarter ended 30th June, 2020

- Total revenue was Rs 1,820 million during the quarter under review
- The Company reported an EBITDA of Rs 253 million for the quarter under review
- The EBITDA margin for the quarter under review was 14.0%.
- Net profit stood at Rs 145 million for Q1 FY21
- The PAT Margin for the quarter under review was 8.0%
- EPS stood at Rs 1.51 for Q1 FY21

New Client Wins during Q1 FY21

Acquired 11 new clients during the quarter, some big wins are:

- Kellton Tech is helping one of the leading coaching institutes develop a customized mobile application and digitally transform their platform to ensure remote and uninterrupted learning for the aspirants in the ongoing pandemic scenario and beyond.

- Kellton Tech is selected as a strategic digital partner by one of the leading digital agencies to integrate their website with cutting-edge technologies and redefine the customer experience.

- Kellton Tech has been selected as a digital partner for one of the leading US finance company to build new digital and data analytics capabilities that can extract relevant insights from the stock data in real-time and help users make informed investment-led decisions.

- Kellton Tech is helping a leading workforce training and development company to build an online learning platform, which simplifies remote training for employees through advanced AR and VR capabilities. We are also supporting their end-to-end Google Cloud implementation.

- Kellton Tech is helping a new age pet healthcare provider to develop and scale up the proprietary animal condition detection systems utilizing machine learning.

Operational Highlights of Q1 FY21

- Kellton Tech selected to Join Software AG's 'The Changemaker Network' as a Select Innovation Partner. As part of the "The Changemaker Network," Kellton Tech will be able to effectively ideate, prototype, build, market, and implement solutions in the areas of disrupting technologies of Digital, Cloud, IoT, and Analytics.

Commenting on the results, Mr. Niranjan Chintam, Chairman & Whole-time Director, Kellton Tech, said: "During the quarter under review, we experienced an uptick in the number of client acquisitions, with our company entering into some multi-year contracts despite a challenging and changing environment during the COVID-19 pandemic. Our unique understanding of our clients' areas of expertise and our disciplined business approach acted as a positive stimulus to our progress in these unprecedented times. Since we have successfully generated a stream of value-led opportunities during the previous quarter, we continue to remain confident about delivering strong results in the next quarter and position our company for the new growth in the future."

Shares of Kellton Tech Solutions Ltd. was last trading in BSE at Rs.43.6 as compared to the previous close of Rs. 41.55. The total number of shares traded during the day was 90672 in over 316 trades.

The stock hit an intraday high of Rs. 43.6 and intraday low of 42.85. The net turnover during the day was Rs. 3946822.

Source : Equity Bulls

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