IT stock: Q3 profit rises to Rs 25.5 crore, revenue top Rs 308 crore

Kellton Tech Solutions, a global leader in digital transformation serving start-ups to Fortune 500 companies, has announced its third quarter results. The IT company said that its net profit stood at Rs 25.5 crore in the quarter and PAT margin stood at 8.3 per cent.

The IT company said that its total income in the third quarter stood at Rs 308.8 crore, up more than 10 per cent YoY. The company had reported a topline of Rs 279.3 crore in the corresponding quarter of the previous year. The topline was boosted by strong business momentum and improved demand across key segments.

The company recorded a 5 per cent EBITDA increase in the three-month reporting quarter, while continuing to invest deliberately in the capabilities that will shape our next phase of growth.

Meanwhile, Kellton Tech Solutions shares traded flat at Rs 18.18 on NSE around 3 PM.

Commenting on the results, Niranjan Chintam, chairman & whole-time director, said that as enterprises move from GenAI experiments to outcome-led adoption, Kellton is positioning itself for scale, strengthening our proprietary KAI agentic platform, expanding reusable accelerators, and upskilling teams to deliver governed automation across the digital core. These investments are designed to increase repeatability, shorten time-to-value, and improve delivery productivity across accounts.

"Looking ahead, we remain confident of building a stronger pipeline and sustaining profitable growth by helping clients modernise, automate with confidence, and realise measurable business outcomes," he said.

As per the December quarter shareholding pattern, promoters own 36.6 per cent stake in the company. FIIs marginally hiked their stake to 1.21 per cent at the end of quarter. The remaining stake is held by non-institutional investors.

Kellton Tech shares have underperformed the markets significantly over the last two years. The counter has corrected over 30 per cent in the last one year and slipped 7 per cent in two years. It has ,oved northward 60 per cent in three years.

Meanwhile, benchmark equity indices Sensex and Nifty tumbled over 1 per cent in trade on Friday, led by steep losses in IT stocks amid weak global cues and persistent concerns over artificial intelligence-led disruptions which weighed on investor sentiment. The 30-share BSE Sensex tanked 883.4 points, or 1.05 per cent, to 82,791.52 in early deals. The 50-share NSE Nifty dropped 262.60 points, or 1.02 per cent, to 25,544.60.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)