Kellton Tech Q4 net doubles Rs 11.28 crore

Total revenues rise almost three-fold to Rs 132.28 cr

Hyderabad IT services company Kellton Tech Solutions Limited has reported a consolidated net profit of Rs 11.28 crore for the quarter ended March, 2016 as compared with Rs 5.5 crore in the corresponding quarter previous year. The company's total revenues for the quarter under review stood at Rs 132.28 crore as compared with Rs 46.30 crore in the year ago period, registering a near two-fold increase.

For the full year ended March, 2016, Kellton's net profit stood at Rs 30.97 crore as compared with Rs 13.49 crore in the previous year. Revenues more than doubled to Rs 358.68 crore from Rs 134.14 crore in the previous year.

"We have been strengthening our capabilities and offerings in the digital and the enterprise space through a twin strategy of acquisitions supplemented by organic growth. While our acquisitions of ProSoft Group reinforces our capabilities in the ERP-EAI space,"said Niranjan Chintam, chairman and whole-time director of Kellton Tech.