Kellton Tech to issue bonus shares

Kellton Tech Solutions has announced its plan to consider issuance of bonus shares, post-trading hours on Tuesday. Kellon Tech closed at Rs. 119.75 per share, up by 0.76 per cent on BSE.

The company's Board of Directors are scheduled to meet on February 6, 2018 to review the financial results of the company for the quarter ended on December 31, 2017. The board will also consider issuance of bonus shares subject to the approval of the members.

The company reported revenue of Rs. 1,852 million for Q2FY18, which is 5.4 per cent QoQ growth and 22.6 per cent YoY growth. The company's EBITDA stood at around Rs. 280 million which is about 9.6 per cent QoQ growth and 34.6 per cent year-on-year growth. Net profit stood at Rs. 149.6 million.

Kellton Tech Solutions is a global IT and outsourcing company with headquarters in Hyderabad, India and offices in the US and Europe. The company offers customized software services and solutions for the Web, Mobile, Cloud, ERP and Security.