KELLTONTEC
Kellton Tech Solutions financials
- Market cap
- ₹754 Cr
- Sector
- Information Technology
- Calls analysed
- 7
Kellton Tech Solutions Limited Q1 FY27
What went well
- Revenue of INR 316 crores, representing 7% year-on-year growth.
- EBITDA margin stood at 11.1%, with an absolute EBITDA of INR 35 crores.
- PAT margin was 7.1%, translating to an absolute PAT of INR 22.3 crores.
What to watch
- Global headwinds and geopolitical changes are causing delayed project starts and client cash flow concerns, impacting growth.
- Account receivable balances have been increasing year-on-year, with DSO days over 100, due to large enterprise clients and government contracts.
What Kellton Tech Solutions Limited does
Kellton Tech Solutions is a global technology consulting and IT services company that builds digital, cloud, data and AI-led solutions for enterprise clients across banking, retail, healthcare, manufacturing and other industries. It earns revenue through time-and-material, turnkey, team-augmentation and product-development engagements spanning three reporting lines: Digital Transformation, Enterprise Solutions and Other Services. The company also builds and sells its own software products (e.g. Audit.io, Task.io) alongside client service delivery, and operates delivery/sales offices across North America, Europe and Asia.
Segments
- Digital Transformation
- Enterprise Solutions
- Other Services
- Global team size
- 1,800+ employees
- Global delivery/office locations
- 12 (Hyderabad HQ, Gurgaon, Pune, Singapore, D.C. Metro, NJ Area, Dallas Area, Ireland, Poland, UK)
- Clients served
- 300-500+
- Fortune 500 clients served
- 50+
- Projects delivered
- 2,000+
- Centers of Excellence
- 10+
Guidance record · Q1 FY27
what the last two calls moved 10 tracked 2 delivered 3 missed 5 open- Fundraising delivered said Q3 FY25 Promised: I am thinking like one week, maybe max two weeks is when we will be able to close the FCCP round Q1 FY27: No new updates. Promise remains achieved.
- Cash Flow / Receivables went quiet said Q3 FY25 Promised: next milestone is probably within the next three months we should get a large chunk of the money coming in. Q1 FY27: No update provided on the LIC payment. Promise remains unaddressed.
- EBITDA Margin at risk said Q3 FY25 Promised: See our goal is to get to 17% within the next two years. Q1 FY27: Margin recovered to 11.1% from 9.8% in Q4. While an improvement, it remains significantly below the 17% target with only a few quarters left in the original timeline.
All 10 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 7.1%, net profit down 4.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 271 | 279 | 286 | 295 | 300 +11% | 308 +10% | 314 +10% | 316 +7% |
| EBITDA | 32 | 34 | 29 | 35 | 37 +16% | 39 +15% | 25 −14% | 34 −3% |
| Net profit | 20 | 21 | 19 | 23 | 24 +20% | 25 +19% | 20 +5% | 22 −4% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −49.4% 1Y
1Y: ₹27.19 on 10 Sept 2025 → ₹13.77. High ₹27.6 (11 Sept 2025), low ₹13.24 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −1.9%
- 24 Jul
- Q4 FY26
- −5.6%
- 1 Jun
- Q3 FY26
- −1.1%
- 13 Feb
- Q2 FY26
- +0.2%
- 13 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 9.9% a year over 3 years, FY23 to FY26. Operating margin widened to 11.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹918 Cr | ₹983 Cr | ₹1.1k Cr | ₹1.2k Cr |
| Operating profit | ₹93 Cr | ₹103 Cr | ₹127 Cr | ₹136 Cr |
| Operating margin | 10.1% | 10.5% | 11.6% | 11.2% |
| Interest | ₹12 Cr | ₹18 Cr | ₹21 Cr | ₹22 Cr |
| Depreciation | ₹14 Cr | ₹16 Cr | ₹16 Cr | ₹16 Cr |
| Net profit | ₹-126 Cr | ₹64 Cr | ₹80 Cr | ₹92 Cr |
| Net margin | -13.7% | 6.5% | 7.3% | 7.6% |
| Cash from operations | ₹24 Cr | ₹56 Cr | ₹6 Cr | ₹-10 Cr |
| Free cash flow | ₹5 Cr | ₹17 Cr | ₹-18 Cr | ₹-208 Cr |
| ROCE | 14.0% | 16.0% | 17.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹49 Cr | ₹53 Cr | ₹53 Cr |
| Reserves | ₹372 Cr | ₹430 Cr | ₹325 Cr | ₹395 Cr | ₹664 Cr | ₹754 Cr |
| Borrowings | ₹109 Cr | ₹122 Cr | ₹162 Cr | ₹156 Cr | ₹130 Cr | ₹191 Cr |
| Other liabilities | ₹102 Cr | ₹71 Cr | ₹61 Cr | ₹61 Cr | ₹91 Cr | ₹131 Cr |
| Total liabilities | ₹632 Cr | ₹672 Cr | ₹596 Cr | ₹660 Cr | ₹938 Cr | ₹1.1k Cr |
| Fixed assets | ₹206 Cr | ₹199 Cr | ₹64 Cr | ₹69 Cr | ₹64 Cr | ₹116 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹18 Cr | ₹78 Cr | ₹165 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹425 Cr | ₹473 Cr | ₹533 Cr | ₹573 Cr | ₹795 Cr | ₹848 Cr |
| Total assets | ₹632 Cr | ₹672 Cr | ₹596 Cr | ₹660 Cr | ₹938 Cr | ₹1.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
What the price assumes
- Growth the price implies
- -3.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Kellton Tech Solutions Limited
Guides on how to read this kind of business and the numbers that matter.