Magellanic Cloud reports stronger FY26 revenue & profit
Thu, 28th May 2026 (Today)
Magellanic Cloud reported higher fourth-quarter revenue and profit for FY26, while full-year total income rose above INR 706.8 crore.
Fourth-quarter revenue from operations increased to INR 205.5 crore from INR 156.3 crore a year earlier and INR 163.9 crore in the previous quarter. Profit after tax rose to INR 30.4 crore from INR 22.6 crore a year earlier and INR 28.6 crore in the third quarter.
Total income for the quarter stood at INR 211.6 crore, compared with INR 159.2 crore in the same period last year. Earnings before interest, tax, depreciation and amortisation reached INR 58.1 crore, up from INR 48 crore a year earlier and INR 53.7 crore in the preceding quarter.
For the full year, revenue from operations increased to INR 697.9 crore from INR 597.2 crore. Total income rose to INR 706.8 crore from INR 601.4 crore, while profit after tax climbed to INR 114.4 crore from INR 102.7 crore.
E-surveillance, IT services and other technology businesses drove quarterly growth. Margins, however, came under pressure, with EBITDA margin falling to 28.3% from 30.7% a year earlier and 32.8% in the previous quarter.
E-surveillance orders
A large part of the operational update focused on railway and banking surveillance contracts secured by Provigil Surveillance, a group subsidiary. During the quarter, it won a series of orders from Indian railway divisions, including a contract worth INR 4.10 crore from South Central Railway for locomotive surveillance systems.
Provigil also secured several mandates across Central Railway's Nagpur Division. These included an INR 3.61 crore order for Full HD IP CCTV surveillance systems with network video recorders and related infrastructure, an INR 5.36 crore order for RDSO-compliant Full HD IP CCTV systems with AI-enabled video analytics, and an INR 6.16 crore order for a video surveillance system across 66 manned non-interlocked level crossing gates in the Nagpur, Raipur and Bilaspur divisions.
Elsewhere in rail, Provigil received a letter of intent from RailTel Corporation of India worth INR 1.55 crore for CCTV surveillance infrastructure. It also won an INR 2 crore mandate from Central Railway's Bhusawal Division.
In banking and financial services, the subsidiary reported an order worth more than INR 25 crore from Punjab & Sind Bank and another worth INR 10 crore from Indian Bank for surveillance infrastructure.
Its public-sector e-surveillance order book closed the financial year at more than INR 200 crore, highlighting the growing weight of public infrastructure work in the group's business mix.
Technology services
Magellanic Cloud's IT and IT-enabled services units also contributed to the quarter's activity. Motivity Labs, another subsidiary, secured a contract renewal valued at USD 4.7 million with what was described as a leading global enterprise partner.
The update also pointed to Magellanic Cloud's broader international business and customer renewals, though it did not provide a geographic revenue breakdown. The group said it expanded its overseas presence while strengthening customer relationships in strategic sectors.
Joseph Sudheer Reddy, Global Chief Executive Officer, Chairman, and Managing Director of Magellanic Cloud, said the quarter capped off a strong year and reflected the resilience and scalability of the operating model.
"Q4 FY26 marked a strong finish to the financial year and reflected the resilience and scalability of our operating model. We witnessed a sustained increase in our e-surveillance business, expanded our presence within Indian Railways and BFSI infrastructure, and continued boosting our enterprise technology partnerships globally. Our E-surveillance order book in the Public Sector alone closed the year at over ₹200 crore, while the group's revenue crossed ₹698 crore at the close of FY26, reflecting broad-based diversification across e-surveillance, digital transformation, and enterprise technology businesses," said Reddy.
He added that the company remained focused on disciplined execution, customer trust and long-term capability building.
"The company's focus throughout the year has remained centered on disciplined execution, customer trust, and long-term capability building. The scale of repeat mandates, strategic renewals, and expansion into new markets demonstrates confidence in our solutions and execution framework. As we move into FY27, we remain committed to accelerating innovation-led growth while maintaining strong governance and operational excellence," Reddy said.