In conversation with BW Businessworld, Magellanic Cloud Global CEO Joseph Sudheer Reddy and CFO Sanjay Chauhan discuss Q1 FY25 results, growth prospects in drones, strategic acquisitions and geographic expansion plans
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In an interview with BW Businessworld, Happiest Minds Technologies’ MD & CFO Venkatraman Narayanan and Executive Vice Chairman Joseph Anantharaju discuss company’s inorganic growth trajectory, future of BFSI vertical and 30-35 per cent growth forecast for FY25
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The revenue for the quarter grew to Rs 463.83 crore, up from Rs 417.29 crore in Q4 FY24
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The growth in profitability comes alongside a substantial 74 per cent rise in operating revenue, which reached Rs 4,206 crore
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The company’s profit after tax (PAT) experienced a decline, standing at Rs 105.6 crore, a QoQ de-growth of 4.3 per cent
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In rupee terms, revenue amounted to Rs 1,327.4 crore, a decrease of 2.6 per cent from the March quarter
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Despite this, the company’s adjusted Profit After Tax (PAT) showed a positive trend, increasing by 73 per cent year-on-year (YoY) to Rs 315 crore
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The company’s revenue from operations climbed to Rs 3,422 crore, a 4.6 per cent year-on-year (YoY) increase and a slight 0.2 per cent growth from the previous quarter
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Revenue from operations saw a dip of 1.2 per cent YoY to Rs 13,005 crore
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The company’s revenue also saw growth, increasing by 3.5 per cent to Rs 1,364 crore from Rs 1,317.8 crore
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