Magellanic Cloud Reports 24% Revenue Growth in Q1 FY26, Driven by Multi-Sector Expansion

Magellanic Cloud Limited (NSE & BSE: MCLOUD), a leading digital transformation and tech innovation company, has announced strong financial results for the first quarter of FY26. The company recorded a revenue from operations of ₹163.96 crore, marking a 24.05% year-on-year increase. Its EBITDA rose to ₹33.12 crore, registering a 19.14% growth, while Profit After Tax (PAT) grew 22.93% to ₹23.88 crore.

The company’s stellar performance is backed by rapid growth in its core verticals—Information Technology (IT) services, e-surveillance, drone technology, and its newly entered fintech segment.

A key highlight of the quarter was the acquisition of Finoux Solutions, marking Magellanic Cloud’s formal entry into the fintech space. With Finoux’s robust AI/ML-powered automation platform and robo-advisory engine, Magellanic Cloud has added over 75 clients and more than 250 skilled professionals to its portfolio. The acquisition aligns with the company’s vision to build smart financial infrastructure, especially within the BFSI sector.

The e-surveillance business also witnessed a major milestone, securing ₹81 crore worth of contracts. Notably, the company was selected to manage over 5,000 BFSI sites across India. With the company’s proprietary AI-based monitoring platform Scanalitix receiving STQC certification, Magellanic Cloud is further cementing its position as a national leader in surveillance and risk management technology.

Meanwhile, Scandron Pvt. Ltd., Magellanic Cloud’s drone tech subsidiary, received a ₹5 crore order for custom UAV systems. The subsidiary is investing heavily in R&D for payload optimisation, long-range applications, and partnerships across logistics and warehousing sectors.

Motivity Labs, another group company, achieved recognition as a Snowflake Registered Partner and expanded its AI capabilities by partnering with Databricks. This enables advanced data cloud services and machine learning capabilities for global clients.

Magellanic Cloud’s leadership has reaffirmed its commitment to continued innovation, with CEO & MD Mr. Joseph Sudheer Reddy stating, “We’re building global capabilities across our innovation stack—across fintech, AI, drone tech and surveillance. With strong Q1 numbers and a growing client base, we're optimistic about sustained growth.”

As the company looks to strengthen its presence in international markets, especially the US and the Middle East, plans for inorganic acquisitions and capacity expansion remain firmly on the agenda.