with a market valuation of 1,559.07 Crore, Magellanic Cloud Limited is a Small-Cap company operating in IT industry. Digital Cloud Professional Magellanic Cloud trades on the Bombay Stock Exchange (BSE). There are several brands that symbolize the Magellanic Clouds, and they have operations in Asia, Europe and the USA. The Board of Directors of Magellanic Cloud has established a record date for the purposes of the 4:1 Bonus Shares.
Magellanic Clouds said in a stock exchange filing that Wednesday, March 22, 2023 has been fixed as the record date for the purpose of issue of bonus shares in the ratio of 4:1 i.e. four equity shares of Rs 4 each each. 10/- each for every one equity share fully paid up of Rs. 10/- each fully paid as on the record date fixed for the purpose.
A meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, March 14, 2023, to recommend and approve the issue of Bonus Shares to the existing equity shareholders of the Company.
During Q3FY23, the company registered a net revenue of 133.68 Cr, up 101.84% YoY 66.23 Cr was recorded in Q3FY22. The company said its EBITDA stood at 34.48 Cr, up 525.69% over Q3FY23 5.51 Cr was recorded in Q3FY22, while the EBITDA margin reached 25.79% in Q3FY23 as compared to 8.32% in the same quarter of FY22. The company recorded a net profit of 17.35 crore in the third quarter of FY 2023, which is 341.13% higher than the previous year. 3.93 Cr in Q3FY22, while the company registered a profit before tax 23.27 crore in the quarter ended December 2022, up 428.80% from 4.40 crore was recorded in the quarter ending December 2021. The eps of the Magellanic Cloud was as compared to 6.18 in Q3FY23 1.56 in Q3FY22.
“We are pleased to announce our Q3 and 9M FY23 results, revenue from operations stood at 1,327.62 million and 3,127.76 million respectively, registering a strong growth of 104.37% over Q3FY22 and 67.14% over 9M FY23. EBITDA margin of 25.79% in Q3 FY2023 and 28.17% in 9M FY23 primarily driven by the addition of e-surveillance segment through acquisition of e-surveillance companies and strong growth in demand for our ITES The reason happened. The e-Monitoring segment is performing in line with our expectations and we have seen significant improvement in our IT and Human Capital Solutions business segments. We reported K PAT 173.54 million and 560.96 Mn for Q3 FY23 and 9M FY23 respectively, said the management of MCLOUD.
Shares of Magellanic Clouds hit a 52-week high 557.80 in afternoon deals and then closed at 555.10 each level with an upside margin of 3.85%. The stock registered a net volume average of 64,142 shares and a distributable volume average of 45,432 shares or 70.83%. In last 5 years, the stock has generated multibagger returns of 1,023.91% and in last 3 years, it has generated multibagger returns of 1,672.66%.
In last 1 year, the stock has gained 34.75% and on YTD basis, it has gained 20.45% in 2023 so far. The stock has touched a 52-week low. 270.50 at (27/05/2022), indicating that after marking a new 1-year high today, the stock was seen trading up 105.21% from its 1-year low. During Q3FY23, the company registered a promoter shareholding of 60.58% and public shareholding of 39.42%.
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