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Kellton Tech sees net profit up 33%

The revenue rose to Rs 210 crore (Rs 185 crore), a growth of 14.0 percent on year-on-year basis.

November 15, 2018 / 21:06 IST
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We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

Kellton Tech Solutions said its net profit for the quarter ended September 30 stood at about Rs 20 crore up 33 percent over the corresponding quarter last fiscal.

The revenue rose to Rs 210 crore (Rs 185 crore), a growth of 14.0 percent on year-on-year basis.

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A press release quoted the chairman and whole-time director of the company Niranjan Chintam as saying: "We continue to maintain steady momentum...our deep domain knowledge and innovative approach have helped us drive in more wins and proud recognitions in the industry."

"Our strategic investments in new-age technologies and people have started bearing fruit," he said in the release.

PTI
first published: Nov 15, 2018 08:50 pm

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