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Kellton Tech, a digital transformation services company, has registered a lower revenue of ₹207.8 crore in the third quarter ended December 31, 2018, as against ₹210.8 crore in the comparable quarter previous year, showing a decline of 1.4 per cent.
The net profit for the quarter, however, went up to ₹18.5 crore from ₹17 crore, showing a growth of 8.8. per cent.
“The overall muted growth in the third quarter was primarily due to seasonality and furloughs in the United States, lower order from the significantly larger customer from phase-II of a Mauritius project,” the company said in a statement.
For the nine-month period ended December 31, 2018, the revenue stood at ₹628 crore (₹571 crore), registering a growth of 9.9 per cent. The net profit grew by 24.6 per cent at ₹57.4 crore (₹46.1 crore) during the period.
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