Total expenses jumped 29.99% to Rs 124.26 crore in Q1 FY26 compared with Rs 95.59 crore in Q1 FY25. Cost of material consumed stood at Rs 1.53 crore (up 159.32% YoY), cost of service was at Rs 22.06 crore (up 142.68% YoY), employee benefit expenses stood at Rs 65.21 crore (up 24.21% YoY), finance cost was at Rs 6.30 crore (up 10.72% YoY) during the period under review.

Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance and advanced drone-based applications.

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