ALPHA TRIBE

Magellanic Cloud LimitedBoard Meeting, 21-07-2025: Outcome of Board Meeting

21-07-2025 | 05:56 pm

Magellanic Cloud's board has approved the financial results for the quarter ended June 30, 2025. The company reported consolidated revenue of **Rs 163.96 crore** and a Profit After Tax of **Rs 27.77 crore**. Earnings Per Share (EPS) for the quarter stood at **Rs 0.47**.

A key update from the meeting includes the completion of the Finoux Solutions Private Limited acquisition on May 12, 2025, for **Rs 43.80 crore**, with 80% of the consideration settled via equity shares. The company has also reclassified its operations into three distinct reportable segments: IT-Surveillance, IT/ITES Services, and Drone.

No comments yet. Be the first to comment!

All announcements from Magellanic Cloud Limited