Kellton Tech net profit surges 9% in Q2FY17

Kellton Tech Solutions Limited also known as Kellton Tech announced its financial results for second quarter and first half of financial year 2017 that ended on 30^th September, 2016, posting a total income of Rs 2916.6 million during the six month period under review as compared to the Rs 2146 million during the corresponding period in the previous year.

Kellton Tech is an IT services organization that provides end-to-end IT solutions, strategic technology consulting as well as offshore product development services worldwide.

While commenting on the results of the quarter as well as the half year Niranjan Chintam, the Chairman and Whole-time Director, Kellton Tech said that during the quarter, the Company consolidated its brand globally and positioned Kellton-tech as the market facing brand identity of the entire group. The Company is tapping into synergies emerging from its expanded digital technologies arsenal to provide cutting-edge solutions to its customers.

Currently Kellton Tech share price is trading at Rs 117.50, marking an intraday drop of 4.94 per cent or 6.10 points at 13.55 hours on the National Stock Exchange. The daily high and the daily low of the share price so far are Rs 128.95 and Rs 112.20 respectively. A total of 10,57,617 shares of the Company have exchanged hands on the counter of NSE aggregating to a total amount of Rs 1,273.79 lacs.

Kellton Tech is an Indian multinational IT company that is headquartered in Hyderabad of India with offices in United States and Europe. The company employs over 1000 people and has annual revenue of Rs 359.66 crores. The company deals in digital transformation, internet of things, social media, mobile computing, analytics, cloud computing, ERP as well as EAI. It got listed on National Stock Exchange of India on 2^nd March 2016.

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Source: www.dynamiclevels.com