Magellanic Cloud Restricted introduced a 19.6 per cent quarter-on-quarter improve in revenue after tax to ₹29.2 crore for Q3 FY25, up from ₹24.4 crore within the earlier quarter.
The shares of Magellanic Cloud Restricted ended yesterday at ₹66.11 up by ₹3.77 or 6.05 per cent on the NSE.
The IT providers and e-surveillance firm reported income from operations of ₹151.4 crore for the quarter ended December 31, 2024, representing a 15.3 per cent year-on-year progress in comparison with ₹131.4 crore in Q3 FY24, although exhibiting a 3.7 per cent sequential decline from Q2 FY25.
EBITDA rose to ₹55.6 crore, up 9.5 per cent year-on-year and seven.6 per cent quarter-on-quarter, with EBITDA margin standing at 36.7 per cent.
Throughout the quarter, Magellanic Cloud obtained recognition as a coaching supplier underneath the Ability India Mission’s PMKVY 4.0 program and efficiently launched its AI-powered video analytics platform, Scanalitix, in worldwide markets together with the US, Canada, Oman, and Dubai.
The corporate additionally achieved AWS Choose Accomplice standing for its subsidiary Motivity Labs and secured a multi-year, multi-million-dollar contract for Generative AI expertise growth.
“Q3 has been a breakthrough interval for Magellanic Cloud,” mentioned World CEO & MD Joseph Sudheer Thumma, highlighting the corporate’s strategic initiatives in fiber, 5G, IoT sectors, and growth in e-surveillance operations throughout Window-ATMs and the Northeast area.
