Kellton Tech Q2 FY21 PAT at Rs 158.8 Million; up 9.8% QoQ

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 Second Quarter & Half Year FY21 ended on 30th September 2020.

Review of financial performance for H1 FY21

- Total revenue was Rs 3,737 million during the six month period under review
- The Company reported an EBITDA of Rs 512 million for the six month period under review
- The EBITDA margin for the six month period under review was 13.7%
- Net profit stood at Rs 304 million for the six month period under review
- The PAT Margin for the six months period under review was 8.1%
- EPS stood at Rs 3.09 for the six month period under review

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

- Total revenue was Rs 1,918 million during the quarter under review; up 5.4% QoQ
- The Company reported an EBITDA of Rs 260 million for the quarter under review; up 2.8% QoQ
- The EBITDA margin for the quarter under review was 13.6%.
- Net profit stood at Rs 159 million for Q2 FY21; up 9.8% QoQ
- The PAT Margin for the quarter under review was 8.3%
- EPS stood at Rs 1.59 for Q2 FY21

Commenting on the results, Mr. Niranjan Chintam, Chairman & Whole-time Director, Kellton Tech, said: "Our second quarter performance is a reflection of our ability to lead our clients on their digital transformation journeys. We appreciate the trust from our clients and thank our employees for their unrelenting dedication and collaborative spirit during these unprecedented times. With our client-first approach, coupled with our future-ready talent and significant uptakes in digital demand, we have been able to strengthen our position in the market and drive profitable growth. As we turn to 2021, we will continue to invest in our core competencies, our people, and our business model to stay relevant and ahead of the curve."

Shares of Kellton Tech Solutions Ltd. was last trading in BSE at Rs.48.25 as compared to the previous close of Rs. 49.6. The total number of shares traded during the day was 12331 in over 242 trades.

The stock hit an intraday high of Rs. 51.4 and intraday low of 48.25. The net turnover during the day was Rs. 613096.

Source : Equity Bulls

Keywords