Latest news with #MagellanicCloud
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Business Standard
22-07-2025
- Business
- Business Standard
Magellanic Cloud Q1FY26 results: PAT up 22.9%, revenue hits ₹163.96cr
IT company Magellanic Cloud on Tuesday posted a 4.75 per cent increase in consolidated profit after tax to Rs 27.77 crore in the June quarter. The company had posted profit after tax of Rs 22.59 crore. The total income of Magellanic Cloud increased 23.16 per cent to Rs 164.34 crore during the first quarter of the current fiscal year from Rs 159.18 crore a year ago. "Magellanic Cloud delivered a strong start to FY26, reporting revenue of Rs 163.96 crore, EBITDA growth of 19.14 per cent, and PAT up 22.93 per cent year-on-year. Our multi-vertical momentum, backed by product innovation and global partnerships, positions us well for an accelerated trajectory this fiscal year," Magellanic Cloud Global CEO and MD Joseph Sudheer Reddy said. He said the company closed acquisition of Finoux during the quarter, which marks its official entry into Al-powered financial analytics and robo-advisory automation. "We recorded a TCV (total contract value) close to Rs 100 crore across our core verticals -- IT services, e-surveillance, and drone technology," Reddy said.
News18
22-07-2025
- Business
- News18
Magellanic Cloud posts Rs 28 crore profit in Q1
Agency: PTI New Delhi, Jul 22 (PTI) IT company Magellanic Cloud on Tuesday posted a 4.75 per cent increase in consolidated profit after tax to Rs 27.77 crore in the June quarter. The company had posted profit after tax of Rs 22.59 crore. The total income of Magellanic Cloud increased 23.16 per cent to Rs 164.34 crore during the first quarter of the current fiscal year from Rs 159.18 crore a year ago. 'Magellanic Cloud delivered a strong start to FY26, reporting revenue of Rs 163.96 crore, EBITDA growth of 19.14 per cent, and PAT up 22.93 per cent year-on-year. Our multi-vertical momentum, backed by product innovation and global partnerships, positions us well for an accelerated trajectory this fiscal year," Magellanic Cloud Global CEO and MD Joseph Sudheer Reddy said. He said the company closed acquisition of Finoux during the quarter, which marks its official entry into Al-powered financial analytics and robo-advisory automation. 'We recorded a TCV (total contract value) close to Rs 100 crore across our core verticals — IT services, e-surveillance, and drone technology," Reddy said. PTI PRS TRB Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
22-07-2025
- Business
- Business Standard
Magellanic Cloud gains after Q1 PAT jumps 5% YoY to Rs 28 cr
Magellanic Cloud added 1.43% to Rs 85.34 after the company's consolidated net profit increased 4.75% to Rs 27.76 crore on 24.5% increase in revenue from operations to Rs 163.95 crore in Q1 June 2025 over Q1 June 2024. Profit before tax (PBT) stood at Rs 40.07 crore in Q1 FY26, up 5.87% YoY. Total expenses jumped 29.99% to Rs 124.26 crore in Q1 FY26 compared with Rs 95.59 crore in Q1 FY25. Cost of material consumed stood at Rs 1.53 crore (up 159.32% YoY), cost of service was at Rs 22.06 crore (up 142.68% YoY), employee benefit expenses stood at Rs 65.21 crore (up 24.21% YoY), finance cost was at Rs 6.30 crore (up 10.72% YoY) during the period under review. Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance and advanced drone-based applications.
Business Standard
22-07-2025
- Business
- Business Standard
Magellanic Cloud consolidated net profit rises 5.47% in the June 2025 quarter
Sales rise 24.05% to Rs 163.96 croreNet profit of Magellanic Cloud rose 5.47% to Rs 27.75 crore in the quarter ended June 2025 as against Rs 26.31 crore during the previous quarter ended June 2024. Sales rose 24.05% to Rs 163.96 crore in the quarter ended June 2025 as against Rs 132.17 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 24 OPM %34.6540.05 -PBDT50.9048.51 5 PBT40.0837.85 6 NP27.7526.31 5 Powered by Capital Market - Live News
Business Upturn
17-07-2025
- Business
- Business Upturn
Magellanic Cloud shares rally 7% today, extend two-day gain to 26% on heavy volumes; Check details
Magellanic Cloud shares continued their sharp upward move, jumping over 7% today and hitting a fresh 52-week high of ₹105.42. As of 9:44 AM, the shares were trading 3.69% higher at Rs 100.91. This rally comes on the heels of a strong 26% surge over the past two trading sessions, driven by heavy volumes and strong investor interest. The stock opened at ₹98.99 and touched a low of ₹98.40 during the day before bouncing back sharply. Over the past year, the stock has gained an impressive 37.09%, showing consistent momentum and improving sentiment around the company. Today's surge also marks a significant breakout above its previous highs, hinting at sustained strength in the near term. Market participants seem to be taking a bullish view, possibly anticipating future growth or positive business developments. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
