Financial Performance for Q2 FY27 (Quarter ended September 30, 2026)

  • Total revenue: ₹3,206 million, up 1.4% quarter-on-quarter from ₹3,163 million in Q1 FY27
  • Year-on-year revenue growth: 6.5%
  • EBITDA: ₹387 million
  • EBITDA margin: 12.1% (increased from 11.1% in Q1 FY27)
  • Net profit: ₹230.00 million
  • PAT margin: 7.2%
  • EPS: ₹0.43

Key Business Highlights

Joint Venture Formation

Kellton Tech EU Ltd. is forming a joint venture with Action Energy Company K.S.C.P. (Kuwait-based integrated upstream services provider) to bring OPTIMA (Kellton's digital oilfield platform) and broader IT services to energy operators across GCC region.

  • Initial term: 5 years
  • Ownership: Action Energy 51%, Kellton 49%
  • Operations starting in Kuwait with office planned in Doha, Qatar
  • Target market: GCC oil and gas digitalization market estimated at over US$1 billion annually
  • Market capture target: 5% over time

Awards and Recognition

  • Received Emerging Excellence Award at Asian Development Bank's 5th IDIQ Vendor Summit for rapidly expanding work with ADB's IT Department in 2025-26
  • First engagement with multilateral development agency, marking entry into development finance sector
  • NIYAMA (agentic AI solution) won first prize at SEBI Securities Market TechSprint 2026 at Global Fintech Fest (competed against 525 teams, 145 advanced, 25 finalists)
  • SBI AURA (personalized banking concept) placed fourth at SEBI Hackathon at Global Fintech Fest 2026

Client Projects

  • Redesigned Corteva's retailer and distributor platforms with new configuration engine for crop protection value schemes
  • Added channel finance and document management tools for distributors
  • Integrated MoEngage for targeted communications and push notifications

New Client Wins during Q2 FY27 (6 new projects)

1. Leading automotive finance company: Design and build enterprise loan integration platform with AI-led credit decisioning capabilities

2. Leading U.S. healthcare company: AI-driven enterprise platform for healthcare, dental and workers' compensation claims management

3. Premium Indian automotive logistics provider: Digital platform assessment and managed IT infrastructure support

4. Leading Saudi Arabian airline: On-site quality engineering for customer-facing application

5. Leading US seed engineering company: Application portfolio support for retailer and distributor networks

6. Top five hearing aid manufacturer: Connected medical device R&D support across software and embedded firmware

Management Commentary

Mr. Niranjan Chintam, Chairman & Whole-time Director, commented:

  • EBITDA margin improvement from 11.1% to 12.1% quarter-on-quarter
  • Priority on improving cash conversion through disciplined working capital management
  • Investments in AI engineering helping deepen client relationships
  • Combining platform engineering, enterprise integration and AI engineering to embed AI into business-critical workflows
  • Opportunities to expand this work with existing clients and bring capabilities to new clients in second half

Company Overview

Kellton is an AI-led digital transformation and technology consulting company with global delivery capabilities. Over 2,000 professionals across North America, Europe, Middle East, and Asia. Solutions across cloud, data, AI, enterprise platforms, and digital product engineering.

Forward-Looking Statements Disclaimer

Contains forward-looking statements subject to risks and uncertainties including competition, growth, pricing environment, recruitment and retention, technology, wage inflation, law and regulatory policies. Company undertakes no obligation to update forward-looking statements.