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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Magellanic Cloud Q4 Results: Net up 30% on growing demand
Our Bureau · 2026-05-27 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

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