Kellton Tech Solutions Ltd reported revenue from operations of ₹316 crore for the first quarter of fiscal year 2027 (Q1 FY27), marking a year-on-year growth of approximately 7%. The company posted an EBITDA of ₹35 crore, translating to an EBITDA margin of 11.1%, and a profit after tax (PAT) of ₹22.3 crore, with a PAT margin of 7.1%. The earnings per share (EPS) stood at 42 paise. Management highlighted that the company maintains an order book covering the next nine months, providing predictable revenue visibility despite global headwinds causing delayed project starts.

The transcript of the earnings conference call, held on July 24, 2026, was filed with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on July 27, 2026, pursuant to Regulation 30 and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rahul Jain, Company Secretary and Compliance Officer, submitted the disclosure.

Financial Performance

Chairman and Whole-Time Director Niranjan Chintam noted that while absolute receivable balances have increased due to revenue growth, the days sales outstanding (DSO) remain stable at over 100 days. He attributed this to payment terms with Fortune 100 US clients, where invoices are collected after 90 days, and long clearance cycles with Indian government entities. The company has not significantly provisioned against these receivables, writing off only a "handful of crores" annually for disputes or uncollectible amounts.

Operational Highlights and Client Wins

Karanjit Singh, Chief Executive Officer, India, detailed several strategic wins and operational milestones:

• Fortune India 500 Conglomerate: Deploying a unified enterprise workflow platform using low-code/no-code tools to modernize financial and governance processes, with future integration of AI-assisted automation.
• UAE Enterprise Group: Designing a cloud-native enterprise operating system with API-led integration and AI-driven insights for business decision-making.
• Middle East Energy Infrastructure: Building an enterprise workflow platform to digitize time-critical operational processes and regulatory approvals.
• Global Industrial Services: Engineering a mission-critical field operations platform for performance optimization and user experience improvements.
• Pest Management Leader: Developing a cloud-native intelligent field service platform on GCP, featuring AI-assisted scheduling and route optimization.

Additionally, the company successfully completed the deployment of its Optima digital oil fields platform for Oil India across 46 sites in Northeast India in under six months. This project involved deploying sensors and the Optima platform to enhance operational visibility and production intelligence.

Strategic Initiatives and AI Platforms

Kellton launched two key AI-driven products: Phoenix.ai, an accelerator for modernizing legacy systems at 80% faster speed and half the cost, and Structi.ai, an AI context engine for transforming unstructured data into contextual intelligence. The company also acquired a Select Tier partnership with Snowflake, strengthening its data analytics capabilities.

In the GCC region, Kellton formed a joint venture with Action Energy to target 5% of the billion-dollar digital oil field market within three years. Niranjan Chintam stated that this partnership leverages local knowledge and relationships to expand beyond the UAE into Kuwait and other GCC countries.

Guidance and Outlook

Management declined to provide specific numerical guidance for the next two quarters due to global geopolitical uncertainties and delayed project starts by clients concerned about cash flows. However, Chintam affirmed that the company aims to meet or beat the revenue growth achieved in FY26 for the current fiscal year. He emphasized that demand remains strong, with many contracts signed but delayed in execution. The company’s strategy focuses on embedding AI into core solutions rather than treating it as an add-on, leveraging partnerships with ServiceNow, Microsoft, and Snowflake to drive future growth.

Kellton Tech Solutions Ltd 's wholly owned subsidiary, Kellton Tech EU Limited, has formed a strategic joint venture with Action Energy Company K.S.C.P. (AEC) to accelerate AI-led energy transformation across the Gulf Cooperation Council (GCC) region. The partnership aims to leverage the combined strengths of both entities to undertake business activities in the region, with the initial office proposed to be established in Doha. The joint venture targets the GCC energy sector, where the addressable market for oil and gas digitalization exceeds US$1 billion annually.

The Board of Directors of Kellton Tech EU Limited approved the formation of the joint venture at its meeting held on July 06, 2026. The agreement is subject to the completion of applicable statutory and regulatory requirements. AEC will hold a majority stake of 51% of the equity share capital, while Kellton Tech EU Limited will hold the remaining 49%. The venture is initially established for a period of five years, featuring an automatic renewal clause for successive periods of three years unless otherwise agreed by the parties involved.

Business Lines and Strategic Focus

The joint venture will focus on two primary business lines. The first is Oil & Gas, offering digital oilfield solutions and services, including the deployment of Kellton's OPTIMA platform, a proprietary digital oilfield management platform built for intelligent operations, workflow automation, asset performance optimization, real-time visibility, and AI-driven decision-making. The second line encompasses Information Technology products and services across multiple sectors, including enterprise software, cloud computing, cybersecurity, enterprise resource planning (ERP) implementation, systems integration, and managed services.

By pairing the OPTIMA platform with AEC's deep operational experience and long-standing relationship with Kuwait Oil Company (KOC), the joint venture is positioned to bring intelligent, data-driven field operations to clients across the region.

Market Ambitions and Leadership Commentary

Beyond the immediate opportunity in Kuwait, the JV plans to establish a presence in Doha, Qatar, as an early step in its broader ambition to grow across the GCC market, including Saudi Arabia, the UAE, and Oman. Ivan Chikunov, General Manager of Services & BD of Action Energy Company, stated that the objective is to capture at least 5% of the digitalization market over time. Krishna Chintam, Director at Kellton Tech EU Limited, emphasized that the JV establishes a long-term platform for AI-powered innovation across the GCC energy ecosystem.