IT Stock Under Rs 150 Strong Business Performance In FY25, Approves $10 Million FCCBs Allotment

Shares of Kellton Tech Solutions Limited opened on Friday at Rs 121 and surged to an intraday high of Rs 121.69. The stock has seen significant volatility over the last one year, witnessing a 52-week high of Rs 184.30 and a low of Rs 94.40. Regardless of short-term trends, Kellton's stock is up 29 per cent from its 52-week low and has given a stunning 700 per cent return on investment over the past five years, which highlights the retained trust of long-term investors in the stock.

Kellton Tech ended FY25 on a positive note with strong business performance. The company recorded an 11.7 per cent year-on-year growth in net sales as it achieved Rs 1,098 crore, along with a 23.4 per cent rise in net profit, which stood at Rs 80 crore. This outcome has been made possible due to the company's continued commitment to strategic transformation. Investment in AI-driven solutions and acquisitions of nine new clients in Q4FY25 proved highly useful. These new clients helped boost the revenue and net profit for the quarter to Rs 286 crore and Rs 19 crore, respectively.

Kellton Tech strengthened its global capital structure by allotting USD 10 million in Foreign Currency Convertible Bonds (FCCBs). Each bond is valued at USD 1,000 with a 6.5% per annum coupon rate, amounting to a total of 10,000 bonds. These bonds are set to mature in 2035, at which point they will have a 10-year tenure and will be callable at an initial conversion rate of Rs 106 per equity share. The bonds were placed with Foreign Institutional Investors and are governed by Indian laws relevant to the allotment, such as the Companies Act 2013, FEMA, SEBI (ICDR) guidelines, and RBI's External Commercial Borrowings (ECB) Guidelines.

Kellton Tech's market capitalization has grown to over Rs 1,100 crore, positioning the company as a fast-growing mid-cap technology leader. The company's investment focus on next-generation technologies as well as global expansion has caused it to be positioned as a digital transformation enabler for clients all over the world.

Global IT consulting and digital solutions provider Kellton was founded on the philosophy of exploring 'Infinite Possibilities with Technology.' The company works with businesses of all sizes, ranging from agile startups to global Fortune 500 firms, to help them architect transformative digital experiences. With over 1,800 employees spread across the US, Europe, India, and the Asia-Pacific, Kellton operates on a competitive advantage model, which allows it to leverage innovation to help its clients.

Kellton has been recognised multiple times for industry awards and accolades, which include being listed four times in the Deloitte Technology Fast 50 India list and being featured on Forbes Asia 'Best Under A Billion' list for Sustained Growth and Strong Fundamentals.