Kellton Tech Posts 6.5% Revenue Growth in Q2FY27 and Starts Action Energy Joint Venture

Kellton Tech Solutions reported total revenue of INR 3,206 M for Q2FY27, up 6.5% year-on-year, with profit after tax of INR 230 M and an EBITDA margin of 12.1%. ScanX reported the results on November 14, 2026. The company also began forming a joint venture with Action Energy Company K.S.C.P. targeting the GCC oil and gas digitalization market.

Kellton's Joint Venture With Action Energy

Kellton Tech EU Ltd. began forming the joint venture with Action Energy Company K.S.C.P., a Kuwait-based provider of integrated upstream services. Action Energy holds a 51% stake and Kellton 49%, with an initial term of five years. The partnership targets a GCC oil and gas digitalization market that Action Energy estimates at over US$1 billion annually, and the joint venture aims to capture 5% of that market over time.

The venture will deploy OPTIMA, Kellton's digital oilfield platform, alongside broader IT services for energy operators across the Gulf Cooperation Council. Operations will begin in Kuwait, with an office planned in Doha, Qatar. Action Energy reported a Q3 2026 net profit of KD 2.1 million, up 20.3% year-over-year, and nine-month profit of KD 6.5 million, up 62.9%, according to Kuwaittimes.

Kellton's Q2FY27 Profit and Half-Year Figures

According to akta.pro company records, Kellton is a publicly listed India-headquartered AI-first digital transformation and IT services firm serving large enterprises across BFSI, healthcare, oil & gas, manufacturing, government, and travel. The same records list FY26 total revenue of ₹12,254 million, 11.4% year-on-year growth, and FY26 net profit of ₹917 million at a 7.5% PAT margin.

For Q2FY27, net revenue stood at INR 3,201 M and EBITDA at INR 387 M. PBT for the quarter was INR 290 M, and basic and diluted EPS were both ₹0.43. H1FY27 total revenue reached INR 6,368 M, up 6.6% from INR 5,971 M in H1FY26.

Kellton's Earlier Deals and Filings

Kellton Tech Solutions secured a major engineering contract with a leading Middle East airline to strengthen its web and mobile platforms, Business Today reported in October 2026. The deal includes standardizing software development lifecycle processes and integrating AI for future scalability.

In September 2026, Kellton was chosen by a leading automotive finance company to design and build an enterprise loan integration platform, CXOToday.com reported. That month, Kellton Tech Solutions also won first prize at SEBI's Securities Market TechSprint 2026 for its agentic AI compliance solution NIYAMA, selected from 525 teams, ScanX reported.

What Comes Next for the Action Energy Venture

The joint venture has an initial term of five years, with operations set to begin in Kuwait and an office planned in Doha, Qatar. Kellton's board approved raising up to $50 million via Foreign Currency Convertible Bonds on September 5, 2026, subject to regulatory approvals, ScanX reported.