Categories AlphaGraphs, Technology

Magellanic Cloud Ltd Q1FY24; 90% rise in Profits

Magellanic Cloud Limited was originally incorporated with ROC, Kolkata in 1981 in the name of “South India Projects Limited”. It is present in Europe, USA and Asia. The company provides its IT services in software development, consulting and human resource business solutions i.e. listing employment vacancies and referring or placing applicants for employment.

Financial Results:

Magellanic Cloud Ltd reported Revenues for Q1FY24 of ₹138.00 Crores up from ₹82.00 Crore year on year, a rise of 68.29%.

Total Expenses for Q1FY24 of ₹112.00 Crores up from ₹69.00 Crores year on year, a rise of 62.32%.

Consolidated Net Profit of ₹19.00 Crores up 90.0% from ₹10.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.65, up 83.33% from ₹0.90 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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