Monday, Dec 2 2024 | Time 01:15 Hrs(IST)
image
Business EconomyPosted at: Nov 14 2024 7:57PM


Magellanic cloud profit up 10.66 pc at Rs 24.22 crore in Q2FY25

Hyderabad, Nov 14 (UNI)Magellanic Cloud, a leading force in the global technology landscape, on Thursday reported a 10.66 percent increase in net profit to Rs 24.22 crore for the quarter ending September 30, 2024 as against Rs 22.07 crore in the corresponding period in the previous year.
Revenue from operations stood at Rs 157.30 crore in Q2 FY25, as against Rs 154.07 crore in Q2 FY24, the company said in a release.
EBITDA for the quarter is Rs 51.73 crore as against Rs 40.53 crore in Q2 FY24 a year-on-year growth of 27.64 percent
During the quarter, Scandron, a subsidiary of Magellanic Cloud, ranked first in "Him-Drone-A-Thon" organized by the Indian Army.
With a strong commitment to advancing innovation in IT, IT services, e-surveillance, and drone technology, Magellanic Cloud is subsequently creating substantial value for its clients locally & globally, showcasing consequent growth Y-o-Y & Q-o-Q.
In his remarks, Magellanic Cloud’s Global CEO & MD, Joseph Sudheer Thumma, said “The Q2 results demonstrate impressive growth and an extraordinary surge in key areas, highlighting our ability to strategically own, acquire, and innovate technologies that shape the future of the tech industry.
UNI KNR BD
Please log in to get detailed story.
Tags: #Magellanic cloud profit up 10.66 pc at Rs 24.22 crore in Q2FY25
More News

Hyderabad: Zetexa, a start-up incubated at T-Hub launches new-age travel technology product 'ZetSIM'

01 Dec 2024 | 7:54 PM

Hyderabad, Dec 1 (UNI)Zetexa, a new-age travel technology start-up incubated at
T-Hub, launched the first of its kind travel technology product 'ZetSIM' in India.

see more..

Five Halder group companies merge into its BSE-listed entity HVL

01 Dec 2024 | 5:33 PM

Kolkata, Dec 1 (UNI) Halder Venture Limited (HVL), the BSE-listed entity of the Halder group and a leader in the rice manufacturing and processing sector in eastern India, has successfully completed its North-South merger with five other group companies, creating a stronger, unified entity.

see more..

Air India Express commences daily flights between Kolkata & Sri Vijaya Puram

01 Dec 2024 | 5:14 PM

Kolkata, Dec 1 (UNI) Air India Express on Sunday inaugurated its daily direct flight between Kolkata and Sri Vijaya Puram (Port Blair), marking a significant milestone for the airline’s network expansion in the region.

see more..

Cabinmate launches 17th Center in Hyderabad

30 Nov 2024 | 7:14 PM

Hyderabad, Nov 30 (UNI) Cabinmate, India’s first and largest corporate reading room and community management company, on Saturday announced that it has launched its 17th Center at King Koti here, in collaboration with Kamineni Hospitals.

see more..

Hyderabad: 117 MoUs signed at TConsult Collaboration Conclave 2024

30 Nov 2024 | 7:05 PM

Hyderabad, Nov 30 (UNI) The TConsult Collaboration Conclave 2024, inaugurated by Telangana IT and Industries Minister Sridhar Babu Duddila, marked a historic milestone with the signing of 117 Memorandums of Understanding (MoUs), aimed at fostering collaboration, innovation, and growth across industries.

see more..
image