Kellton Tech posts 8% dip in Q4 revenue

Kellton Tech Solutions, a digital transformation solutions provider, has registered a Total revenue of ₹191 crore during the quarter ended March 31, as against ₹207.8 crore in the corresponding quarter last year, showing a decrease of 8 per cent.

The net profit stood at ₹19.50 crore for the quarter as against ₹18.50 crorelast year, showing a growth of 5.4 per cent.

Diluted Earnings Per Share (EPS) was put at ₹1.83 (₹ 1.84) for the quarter.

“The year has been challenging for us and parts of our business have not grown as fast as expected. However, we continue to invest in people, processes, and technologies to increase our footprint in the enterprise market. The company is also investing in strengthening sales and delivery teams across different geographies,” Niranjan Chintam, Chairman of Kellton Tech, said.