New Delhi, Jul 22 (PTI) IT company Magellanic Cloud on Tuesday posted a 4.75 per cent increase in consolidated profit after tax to Rs 27.77 crore in the June quarter.

The company had posted profit after tax of Rs 22.59 crore.

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The total income of Magellanic Cloud increased 23.16 per cent to Rs 164.34 crore during the first quarter of the current fiscal year from Rs 159.18 crore a year ago.

"Magellanic Cloud delivered a strong start to FY26, reporting revenue of Rs 163.96 crore, EBITDA growth of 19.14 per cent, and PAT up 22.93 per cent year-on-year. Our multi-vertical momentum, backed by product innovation and global partnerships, positions us well for an accelerated trajectory this fiscal year," Magellanic Cloud Global CEO and MD Joseph Sudheer Reddy said.

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He said the company closed acquisition of Finoux during the quarter, which marks its official entry into Al-powered financial analytics and robo-advisory automation.

"We recorded a TCV (total contract value) close to Rs 100 crore across our core verticals -- IT services, e-surveillance, and drone technology," Reddy said.

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