Magellanic Cloud Q1 PBT Rises 6%

  Published 8 months ago

Magellanic Cloud’s Q1 FY26 PBT grew 5.87% YoY to ₹40.07 crore despite a 30% surge in total operating expenses.

  • Material and service costs soared 159% and 143% YoY, driving sharp overall expense growth during Q1 FY26.
  • Employee costs rose 24% YoY to ₹65.21 crore; finance expenses increased moderately to ₹6.30 crore.
  • The firm focuses on software, GenAI, IoT, drone tech, and digital transformation to drive future growth.

You might like these

Indian Bond Yields Rise Amid RBI's Neutral Stance

Nibe Stock Jumps 4.3% After DRDO Tech License

Minda, Qualcomm Tie Up for Smart Cockpits

ZEE Entertainment Surges on New Partnership & App Launch

P&G to Cut 7,000 Jobs Amidst Tariff Uncertainty

BRICS Trade Talks Focus on South, South Cooperation

TIL Ltd Shares Surge 5% After Defense Unit Launch

News that matters the most ⚡