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Magellanic Cloud's Consolidated Net Profit Rises in Fiscal Q4

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Magellanic Cloud's (NSE:MCLOUD, BOM:538891) consolidated net profit increased to 294.9 million Indian rupees in the fiscal fourth quarter ended March 31 from 223.3 million rupees a year ago.

Earnings per share climbed to 0.50 rupees from 0.38 rupees a year earlier, the technology company said in a filing to the Indian stock exchanges on Tuesday.

Revenue from operations in fiscal Q4 jumped to 2.06 billion rupees from 1.56 billion rupees a year ago.

The company's shares were down nearly 1% in recent trade.

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