Kellton Tech Solutions Ltd reports Q4FY22, FY2022 results

Kellton Tech Solutions Ltd. (BSE & NSE: KELLTONTEC), a global leader in digital transformation serving start-ups to Fortune 500 companies announced its financial results for Fourth Quarter & Year Ended 31st March, 2022.

Review of financial performance for FY 22 ended 31st March, 2022

- Total Revenue for the financial year 2021-2022 was ₹ 8,439 million; up by 8.1% Y-o-Y basis.
- The Company reported an EBITDA of ₹ 1,059 million.
- The EBITDA margin stood at 12.6%
- Net profit stood at ₹ 704 million for FY22
- PAT Margin for FY22 was reported at 8.3%
- Diluted EPS stood at ₹ 7.39

Review of financial performance for the quarter ended 31th March, 2022 (Q4)

- Total revenue was ₹ 2,105 million during the quarter under review as compared to ₹ 2,197 million during the previous quarter.
- The Company reported an EBITDA of ₹ 260 million for the quarter under review
- The EBITDA margin for the quarter under review was 12.3%.
- Net profit stood at ₹ 188.2 million for Q4 FY22 for the quarter under review as compared to ₹178 million during the corresponding quarter in the previous year reflecting an increase of 5.7% Y-o-Y basis.
- PAT Margin stood at 8.9%
- EPS stood at ₹ 2.10.

Operational Highlights of FY22

- Our Polish office opens doo₹ for Ukrainian Refugees - We hired many Ukrainians in our Polish office in these times of war.

- Successful Rollout of S4Hana on AWS - SAP featured this as a Success Story on their website

- Kellton Tech was featured as Top AI firms in 2022 by leading media house - NDTV

- One Kellton Launch in Q4FY22 - Integrating all global businesses working as one single unit

Commenting on the results, Mr. Niranjan Chintam, Chairman & Whole-time Director, Kellton Tech, said: "The FY22 ended on a positive note. In the Q4 of the last fiscal, the PAT surged by 5.7%, and Earnings per Share (EPS) increased by 19.3%, helping the total revenue for FY 22 grow by 8.1%. The growth indicates that our strategies are working for us, and we are moving in the right direction. We are committed to improving our global delivery model and strengthening our client services. In FY22, we transitioned into the next phase of growth and success by integrating our global operations.

We are in the process of redesigning our organizational strategies and realigning roles and responsibilities. In the coming years, we aim to leverage our technical excellence and skilled global workforce to build improved digital products and robust enterprise grade solutions which will help us cater to our client requirements."

Shares of Kellton Tech Solutions Limited was last trading in BSE at Rs. 72.60 as compared to the previous close of Rs. 73.15. The total number of shares traded during the day was 37834 in over 1185 trades.

The stock hit an intraday high of Rs. 73.85 and intraday low of 70.95. The net turnover during the day was Rs. 2725842.00.

Source : Equity Bulls

Keywords

KelltonTechSolutions INE164B01022 Q4FY22 FY2022 ResultUpdate