CK Birla Group owned Birlasoft and KPIT have announced a merger to create an over US$700-million combined entity. The entity would be demerged into two separate companies later. 

Company has witnessed rise in material cost due to change in product mix, increased commodity prices, sales of new models compensated with cost optimization initiatives.

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 PAT came in at Rs. 14 crore, representing 15.7 per cent sequential decline and 164.3 per cent YoY increase.

Its consolidated revenue for the quarter came in at Rs. 1,278.3 crore, registering 15.4 per cent yoy increase. This was led by jump in revenue from Industrial products and Plastic piping products by 28.6 per cent and 18.6 per cent, respectively.

The PAT for the quarter jumped nearly 14-fold to Rs. 340.53 crore. This was also attributed to lower effective tax rate in the quarter.

The company’s PAT came in at Rs. 108 crore, representing 40.3 per cent sequential decline and 6.5 per cent YoY increase.

The PAT for the quarter came in at Rs. 67.28 crore, yoy increase of 868.1 per cent. This sharp jump in net profit was driven by significant rise in other income.

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 Its standalone revenue for the quarter came in at Rs. 3,684.95 crore, registering 13.7 per cent yoy increase. EBITDA for the quarter rose by 31.3 per cent yoy to Rs. 286.79 crore with a corresponding margin expansion of 104 bps.