Magellanic Cloud Unveils Robust Q1 FY25 Financial Performance

Magellanic Cloud reported notable financial results for Q1 FY25, with a 37.3% YoY growth in EBITDA and a 40.3% increase in profit. The company is focusing on advancements in generative AI, surveillance, and drone technologies, aiming to solidify market leadership and deliver sustainable growth.

Hyderabad, August 20: Magellanic Cloud (BSE: MCLOUD) has announced its financial results for Q1 FY25, showcasing significant growth. With subsidiaries in IT, ITES, surveillance, and drone technology, the firm focuses on acquiring and innovating within the tech space.

Commenting on the performance, Global CEO Joseph Sudheer Reddy highlighted the 37.3% YoY EBITDA growth and a 40.3% rise in profit, emphasizing the company's strategic focus on operational excellence and innovation. Achieving an EBITDA margin of 40.05%, the company excels in optimizing profitability amid challenges.

Looking forward, Magellanic Cloud aims to deepen and accelerate advancements in Generative AI, surveillance, and drone technologies, continuing to drive its growth trajectory. Its vision includes harnessing innovation and acquisitions to deliver sustainable, long-term growth and unlock greater value for stakeholders.

(With inputs from agencies.)