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Business News Today: Latest Business News, Finance News

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Magellanic Cloud Q4 Results: Net up 30% on growing demand
Our Bureau · 2026-05-27 · via Business News Today: Latest Business News, Finance News

Magellanic Cloud, a global technology enterprise focused on digital transformation and AI-driven solutions, has reported that its net profit in the March quarter was up 30 per cent at ₹30 crore against ₹23 crore logged in the same period last year, largely due to better demand.

Revenue was up 31 per cent at ₹205 crore (₹156 crore), while EBITDA improved 21 per cent y-on-y to ₹58 crore (₹48 crore) on operational disciple, enhanced execution efficiency, and stable margin performance across business segments.

During the quarter, the company further strengthened its presence in critical infrastructure e-surveillance, BFSI security systems, and enterprise digital transformation initiatives. Magellanic Cloud also continued to expand its international footprint while deepening long-term customer relationships across strategic sectors.

Joseph Sudheer Reddy, Global CEO, Chairman and MD, Magellanic Cloud said the company witnessed a sustained increase in e-surveillance business, expanded presence in Indian Railways and BFSI infrastructure and continued boosting enterprise technology partnerships globally.

The 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, he said.

In FY27, the company net profit was up 11 per cent at ₹114 crore (₹103 crore), while revenue increased 17 per cent to ₹698 crore (₹597 crore).

Published on May 27, 2026