Key Takeaways
- Kellton Tech’s Q1 FY27 revenue rose 6.8% year on year to ₹3,163 million.
- The company launched AI-driven products, including Phoenix.AI and Structi.ai, targeting various sectors.
- Kellton Tech secured new projects across multiple industries, enhancing its focus on modernization and AI services.
Financial Performance and Growth Initiatives
Kellton Tech reported a revenue of ₹3,163 million for the first quarter of FY27, reflecting a year-on-year growth of 6.8%. However, this figure is slightly lower than the previous quarter’s revenue of ₹3,196 million. The company achieved an EBITDA of ₹350 million, with an EBITDA margin of 11.1% and a profit after tax margin of 7.1%, amounting to a net profit of ₹223 million. Earnings per share stood at ₹0.42.
The Hyderabad-based technology services company is currently focusing on AI-led products and projects spanning various sectors such as energy, financial services, agriculture, and industrial services. Key operational achievements include the deployment of the Optima Digital Oilfield Platform for Oil India, which facilitates real-time monitoring of 77 production wells. Additionally, Kellton Tech has modernized a loan origination system for a non-banking financial institution, creating a cloud-ready digital lending platform.
Product Launches and Partnerships
Kellton Tech unveiled two noteworthy products this quarter: Phoenix.AI, aimed at transforming monolithic applications into cloud-native microservices, and Structi.ai, which processes over 10 million data assets daily, turning unstructured data into AI-ready formats. The company also achieved Select Tier Partner status with Snowflake AI Data Cloud Services, furthering its commitment to AI, data platforms, and cloud modernization.
New client engagements included creating a unified enterprise workflow platform for a Fortune India 500 company and developing a cloud-native operating platform for a UAE enterprise. Other projects involve modernization efforts with global industrial services firms and public sector work that earned Kellton Tech a prestigious award for its digital HR system serving over 520,000 employees in Karnataka.
Future Outlook
Kellton Tech remains optimistic about future growth, citing stable customer relationships and continuous demand for AI and modernization projects. According to Niranjan Chintam, Chairman & Whole-time Director, the 6.8% revenue growth reflects the company’s steady performance. Moving forward, Kellton Tech aims to build on its current momentum by leveraging strategic client wins, enhancing its AI-led portfolio, and investing in key capabilities to create long-term value for customers and shareholders.
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