Magellanic Cloud soars after subsidiary bags contract for supplying drones

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13 May 2025 00:00:00

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Magellanic Cloud soars after subsidiary bags contract for supplying drones	Share Back
(12 May 2025)
The basic value of the aforementioned contract is Rs 5 crore. The announcement was made during market hours today. Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance and advanced drone-based applications The company's consolidated net profit had declined 42.63% to Rs 22.33 crore despite a 13.95% increase in revenue to Rs 156.35 crore in Q4 FY25 as compared with Q4 FY24.
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