Kellton Tech Solutions Q3 net up 24 percent to Rs 17 crore
Hyderabad: Kellton Tech Solutions, a digital transformation solutions provider today said its net profit for the quarter ended December 31 was up nearly 24 percent to Rs 17 crore against Rs 14 crore during the same quarter in the previous fiscal.
The total revenue for the quarter under purview was Rs 2,11 crore against Rs 159 croreduring the the corresponding period of previous year reflecting a growth of 32.7 per cent, Niranjan Chintam, chairman and whole-time director, Kellton Tech, said.
"Digital continues to strengthen with over 70 per cent of our revenues from next-generation digital transformation. We expect the momentum to continue going forward, Chintam said in a press conference.
Kellton Tech drives innovation in the Energy Sector with its IoT enabled "AI" Platform which enables remote monitoring of real-time data from various energy assets and resources at multiple locations.
Replying to a query, he said the company is looking to raise Rs 75 crore to Rs 100 crore for expansion. Kellton Tech currently employs about 1500 people both in India and USA.