Magellanic Cloud Ltd. (BSE: 538891 | NSE: MCLOUD) Secures $6.1 Million Purchase Order for 2025

February 11, 2025 | Hyderabad, India​

Magellanic Cloud Limited has announced that its group company, Motivity Labs Inc., has received a significant purchase order (PO) worth approximately ₹52.98 crore (USD 6.1 million) from a major client for the calendar year 2025.

Key Highlights:​

• Company Involved: Motivity Labs Inc. (A subsidiary of Magellanic Cloud Ltd.)
• Purchase Order Value: ₹52,97,54,500 /- (USD 6.1 million)
• Expected Impact: Boosts revenue and strengthens business growth in 2025

The company has confirmed that the PO is expected to drive substantial growth for Motivity Labs Inc. and contribute significantly to Magellanic Cloud’s overall revenue expansion in the coming year.

Regulatory Disclosure​

This disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015, ensuring transparency for stakeholders and investors.

Management Commentary​

Joseph Sudheer Reddy Thumma, Managing Director of Magellanic Cloud Ltd., signed off on the intimation, highlighting the company's commitment to securing high-value contracts and driving sustainable growth.

Strategic Outlook​

The acquisition of this high-value order strengthens Magellanic Cloud Ltd.'s market position, reinforcing its role as a key player in the technology services space. Investors can expect positive revenue growth in the upcoming quarters, driven by this latest contract.

Stay tuned for further updates on financial performance and strategic expansions.