Magellanic Cloud Soars: Q3 Profit Surges 19.6%, Revenue Hits ₹151.5 Crore

Magellanic Cloud Limited (NSE: MCLOUD) has reported impressive Q3 FY2024-25 results, with net profit soaring 19.6% year-on-year to ₹29.33 crore. The IT services company's revenue reached ₹151.5 crore, marking a 15.3% increase from the previous year. This strong performance underscores Magellanic Cloud's resilience in a competitive market. The company's focus on high-margin services and operational efficiency has contributed to its robust financial health. With a trailing twelve-month ROE of 26%, Magellanic Cloud continues to deliver value to shareholders while maintaining a solid growth trajectory in the dynamic IT sector.

 

Sources: Economic Times, Moneycontrol, NSE Archives