Q4 2024 Kellton Tech Solutions Ltd Earnings Call Transcript
Key Points
- Kellton Tech Solutions Ltd (BOM:519602) reported a 7.1% year-on-year revenue growth for FY24, reaching approximately INR 985 crores.
- The company achieved an EBITDA of INR 106 crores and a net profit of INR 64 crores for FY24.
- The company secured seven new customers in Q4 FY24, spanning various industries including AI, pharma, auto, and media.
- Kellton Tech Solutions Ltd (BOM:519602) successfully launched 13 AI projects for various customers, indicating a strong pipeline in the AI space.
- The company was recognized by Zinnov Zones and Avasant SAP S/4HANA services, affirming its capabilities in the SME market and SAP services.
- The company is facing challenges due to weakened customer spending, particularly in the US and Europe markets.
- Pricing pressures are present due to wage inflation, which has not been fully passed on to customers.
- The company anticipates slow growth for the next two to three quarters, with a recovery expected only after the elections in the UK and US.
- Despite adding 29 new customers in FY24, the growth in annual revenues has not been as significant as expected.
- The company has a backlog of about eight to nine months' worth of revenue, indicating potential delays in new project commencements.
Ladies and gents, good day, and welcome to Kellton Tech Solutions Limited Q4 and FY24 earnings conference call. (Operator Instructions)
I would like to thank you all for participating in the company's earnings call for the fourth quarter financial year 2024. Before we begin, I would like to mention a short cautionary statement. Some of the statement made in today's com-call may be forward-looking in nature and such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those anticipated.
Such statements are based on management's belief, as well as assumptions made from the information currently available to the management. Audiences are cautioned not to place undue reliance on these forward statements, in making any investment decisions.
The purpose of today's call, it's purely to educate and bring awareness about the company's fundamental business and financial quarter under review. Now I would like to introduce you to the management participating with us in today's earnings call.
We have us Mr. Niranjan
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