FilingReader Intelligence
Magellanic Cloud posts 24% revenue growth, acquires Finoux
July 23, 2025 at 06:49 AM UTC•By FilingReader AI
Magellanic Cloud Limited reported revenue of ₹163.96 crore in Q1 FY26, up 24.05% year-on-year. EBITDA grew 19.14% and profit after tax increased 22.93%.
The company completed 100% acquisition of Finoux, marking its entry into fintech, and secured ₹100 crore in total contract value across IT services, e-surveillance and drone technology.
Strategic wins included ₹81 crore in e-surveillance contracts and a ₹5 crore unmanned aerial systems order.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:MCLOUD•Bombay Stock Exchange
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