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The company reported a 14% QoQ growth in consolidated net sales for Dec 17 quarter to Rs 209.73 crore. OPM was flat and stood at 14.6%, which resulted in OP growth of 14% to Rs 30.55 crore. Other income was higher by 32% to Rs 1.05 crore for Dec 17 quarter. Interest costs was higher by 10% to Rs 4.35 crore and depreciation was higher by 13% to Rs 1.40 crore. Thus, PBT was higher by 15% to Rs 25.85 crore. After providing total tax of Rs 8.81 crore up by 12%, PAT for the Dec 17 quarter stood at Rs 17.04 crore, up by 17% QoQ basis.
On YoY basis, consolidated net sales were up by 33% to Rs 209.73 crore. OPM was up by 110 bps which resulted in OP growth of 43% to Rs 30.55 crore. Other income was higher by 81% to Rs 1.05 crore. Interest cost was higher by 104% to Rs 4.35 crore and depreciation was higher by 44% to Rs 1.40 crore. This resulted in a PBT growth of 38% to Rs 25.85 crore. After providing total tax of Rs 4.99 crore, higher by 77%, consolidated PAT for Dec 17 quarter stood at Rs 17.04 crore, up by 17% YoY basis.
Commenting on the results, Mr. Niranjan Chintam, Chairman & Whole-time Director, Kellton Tech, said: "We continue to make good progress on our journey of transformation. Our topline grew by 32.7%, EBITDA up 44.5% and PAT up 23.6% on Y-o-Y basis. These good results also reflect our leadership in Digital which continues to strengthen with over 70% of our revenues from next-generation Digital transformation. We expect the momentum to continue going forward."
Consolidated performance for 9 months ended Dec 17
For the 9 months ended Dec 17, consolidated net sales were up by 27% to Rs 568.55 crore YoY. OPM was higher by 160 bps at 14.8% which resulted in OP of Rs 84.04 crore, up by 42%. Other income was lower by 79% to Rs 0.58 crore. Interest cost was higher by 61% to Rs 11.40 crore. Depreciation was higher by 42% to Rs 3.69 crore, which resulted in a PBT growth of 33% YoY to Rs 69.53 crore. Total tax stood at Rs 23.45 crore, up by 76% which resulted in a consolidated PAT growth of 18% to Rs 46.08 crore on YoY basis.
Other updates
The company acquired 7 new clients during the Dec 17 quarter.
Kellton Tech drives innovation in the Energy Sector with its IoT enabled AI Platform. The Platform enables remote monitoring of real-time data from various energy assets and resources at multiple locations. Leveraging predictive and prescriptive analytics it allows clients to make smarter, faster, and informed decisions.
Kellton Tech continues to blaze new paths in innovation with SAP Qualified "Analytics for Professional Services" a cloud based solution with pre-built integration to S/4HANA which offers customers with actionable business insights.
The company declared bonus shares in ratio of 1:1.
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