Commenting on the financials Mr. Joseph Sudheer Reddy, Global CEO & MD Magellanic Cloud said:
“Magellanic Cloud delivered a strong start to FY26, reporting revenue of ₹163.96 crore, EBITDA growth of 19.14%, and PAT up 22.93% year-on-year. Our multi-vertical momentum, backed by product innovation and global partnerships, positions us well for an accelerated trajectory this fiscal year.”
He continued: “This quarter, we closed the strategic acquisition of Finoux, marking our official entry into AI-powered financial analytics and robo-advisory automation. Complementing this expansion, we recorded a TCV close to ₹100 crore across our core verticals – IT services, e-surveillance, and drone technology. These wins not only reflect strong market demand for our integrated solutions but also validate our platform-led strategy, which blends advanced technology with deep domain execution. The scale and diversity of these contracts signal growing confidence in Magellanic Cloud’s ability to deliver high-impact, enterprise-grade solutions across sectors.”
“Scanalitix, our proprietary video intelligence platform, is now seeing growing adoption across sectors like BFSI, Retail, Corporate units, Monitoring and Command stations. Originally launched in US, Canada and Dubai in late 2024, it has evolved into a comprehensive SaaS suite integrating monitoring, field management, VMS, and AI-led analytics. It’s not just a product rather, it’s becoming the Surveillance OS for enterprise infrastructure, enabling SLA tracking, escalation workflows, and field coordination from a single pane. This platform-first strategy is already creating repeatable value across sectors and geographies.”
“Looking ahead, we are doubling down on innovation by scaling AI and cloud R&D through our Telangana innovation hub and preparing for global expansion across the US, Middle East, and other high-opportunity markets. In parallel, we are actively exploring inorganic acquisitions to strategically strengthen our portfolio and accelerate scale in emerging technology domains. Our mission is to transform service-led capabilities into standalone platforms that solve real-world problems at scale.” He concluded: “Magellanic Cloud is operating from a position of strength. We are productizing intelligence, scaling responsibly, and executing on a vision that’s built not just for today’s demands but for tomorrow’s digital infrastructure. As always, our commitment remains firm to deliver consistent value for our clients, partners, and shareholders.”
Key Highlights | Q1 FY26
Magellanic Cloud completed the 100% acquisition of Finoux, marking its official entry into the fintech space. The acquisition brings with it over 75 clients, 250+ professionals, and 25+ years of BFSI expertise. Finoux’s proprietary AI/ML-driven automation platform combined with its robust robo-advisory automation capabilities will accelerate digital transformation for banks, fintechs, and NBFCs globally, enabling smarter financial decision-making and seamless customer engagement. Scanalitix, Magellanic Cloud’s proprietary Comprehensive Monitoring, Video Management, Advanced Video Analytics and Field Services platform, received STQC certification from the Ministry of Electronics and IT. This certification paves the way for adoption across large government and PSU tenders in India.
IT & ITES (Subsidiary: Motivity Labs & JNIT Technologies)
Motivity Labs, a key subsidiary of Magellanic Cloud, has been officially recognized as a Snowflake Registered Partner (AI Data Cloud Services Partner), enabling the delivery of secure, scalable, and AI-powered data cloud solutions. This milestone enhances enterprise capabilities in real-time analytics, advanced data integration, and intelligent decision-making, reinforcing Magellanic Cloud’s commitment to digital acceleration. In a move to strengthen its advanced analytics portfolio, Motivity Labs has partnered with Databricks, gaining access to its Lakehouse Platform. This collaboration empowers enterprises with high-performance big data processing, real-time ML-driven insights, and a collaborative environment for unified data science, engineering, and analytics; driving innovation at scale.
E-Surveillance (Subsidiary – IVIS International Pvt. Ltd and Provigil Surveillance Ltd.)
Our e-surveillance sector secured contracts totalling ₹81 crore during the quarter, reinforcing its leadership in securing financial infrastructure across India. This includes a landmark order for comprehensive surveillance deployment across 5,000+ BFSI sites nationwide, alongside an ATM surveillance contract aimed at expanding end-to-end monitoring across a growing network of urban and semi-urban ATM clusters. These strategic wins significantly expand Magellanic Cloud’s e-surveillance portfolio, accelerate its penetration into the BFSI sector, and create strong recurring revenue channels, positioning the company as a trusted technology partner for critical security infrastructure across India.
Drone Manufacturing (Subsidiary – Scandron Pvt. Ltd.)
Scandron Pvt. Ltd. secured a ₹5 crore order for its next generation unmanned aerial systems (UAS), marking a significant strategic win for the company. The deal further strengthens Scandron’s market traction across surveillance segments, solidifying its role in India’s evolving drone ecosystem. During the quarter, Scandron advanced its R&D initiatives across UAV architecture, payload flexibility, and extended flight endurance. These efforts are enabling the development of more efficient, reliable, and versatile drones tailored for multi-sector deployment, including defense, logistics, and agriculture.
The company also expanded strategic collaborations with leading players in the logistics and warehousing sectors, opening new commercialization channels for its drone solutions. These alliances provide access to broader delivery networks and position Scandron to scale operations while delivering optimized, tech-driven solutions for modern supply chain management.
Magellanic Cloud-Overview
Magellanic Cloud Limited (NSE: MCLOUD | BSE: MCLOUD) is a listed global technology company delivering solutions across digital transformation, cloud, AI/ML, e-surveillance, and drone technologies. With a global footprint in the USA, Europe, and Asia, the company serves 600+ clients across multiple sectors through its subsidiaries & products Scanalitix, Motivity Labs, Scandron, iVIS, Finoux and JNIT Technologies. With over 1,600 professionals and an innovation-led approach, Magellanic Cloud is reshaping enterprises with scalable, intelligent, and secure technology solutions.
