Kellton Tech Reports 9.1% YoY Revenue Growth to Rs 2,279 Million in Q2 FY23

Kellton Tech Solutions , a prominent player in the Indian software development sector, has announced its financial results for the second quarter of fiscal year 2023, showcasing robust growth and strategic expansion.

Financial Highlights

Kellton Tech reported impressive financial results for Q2 FY23:

Metric	Q2 FY23	YoY Growth	QoQ Growth
Revenue	2,279.00	9.1%	5.1%
EBITDA	260.00	-	-
EBITDA Margin	11.4%	-	-
Net Profit	168.00	-	-
PAT Margin	7.4%	-	-

The company's performance demonstrates steady growth, with a notable year-over-year revenue increase of 9.1% and a quarter-over-quarter growth of 5.1%.

Half-Year Performance

For the first six months of FY23, Kellton Tech reported:

Total Revenue: Rs 4,447.00 million
EBITDA: Rs 515.00 million
Net Profit: Rs 331.00 million

Business Expansion and Recognition

Kellton Tech continues to expand its client base and industry recognition:

Acquired 11 new clients during Q2 FY23 across diverse sectors including healthcare, venture capital, hospitality, insurance, renewable energy, and education technology.
Recognized in Outlook Publishing's list of Top 10 Software Development Companies in India, reinforcing its position as a leading player in the industry.
Participated in SAP ASUG events to enhance brand recognition and network within the industry.

Outlook

The company's strong financial performance, coupled with its expanding client base and industry recognition, positions Kellton Tech Solutions favorably in the competitive software development landscape. The diverse range of new clients across various sectors indicates the company's ability to adapt to different industry needs and capitalize on emerging opportunities.

As Kellton Tech continues to strengthen its market presence and diversify its client portfolio, investors and industry observers will be keen to watch the company's growth trajectory in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.05%	-1.34%	-10.06%	-19.88%	-34.50%	+69.98%

Kellton Tech Solutions Limited has announced a change in its upcoming Board Meeting schedule and an expansion of the meeting agenda. The company, a prominent player in the IT solutions sector, has made this disclosure in compliance with SEBI regulations.

Rescheduled Board Meeting

The Board Meeting, initially set for September 5, 2025, has been rescheduled to September 6, 2025. This change comes as part of the company's ongoing commitment to corporate governance and transparency.

Expanded Agenda: Fund Raising Proposal

In a significant development, Kellton Tech has expanded the meeting agenda to include consideration of a proposal for raising funds. The company will explore options for fund raising through:

Issuance of fresh Equity Shares
Convertible securities
Other permissible securities under applicable laws and regulations

It's important to note that any fund raising initiative will be subject to necessary regulatory and statutory approvals.

Additional Agenda Items

The Board Meeting will also address:

Previously disclosed items related to the Annual General Meeting (AGM)
Routine and ancillary business matters

Regulatory Compliance

This announcement aligns with Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both the BSE Limited and the National Stock Exchange of India Ltd about these developments.