Magellanic Cloud Limited reported its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board of directors approved the results at a meeting held on May 26, 2026. The company recorded a consolidated net profit of ₹1,142.87 crore for FY26, an increase from ₹1,027.30 crore in the previous year. For the quarter ended March 31, 2026, consolidated net profit stood at ₹294.90 crore, compared to ₹223.30 crore in the same period last year.

Consolidated Financial Performance

Consolidated revenue from operations for Q4 FY26 rose to ₹2,055.46 crore from ₹1,563.50 crore in Q4 FY25. Total revenue for the quarter was ₹2,111.27 crore. For the full year FY26, revenue from operations reached ₹6,978.76 crore, up from ₹5,972.36 crore in FY25. Total revenue for the year was ₹7,063.19 crore. The company reported an exceptional item of ₹1.64 crore related to the impact of New Labour Codes for the year ended March 31, 2026.

The following table summarises the key consolidated financial metrics:

Standalone Performance

On a standalone basis, the company reported a net profit of ₹61.65 crore for Q4 FY26, compared to ₹37.24 crore in Q4 FY25. Revenue from operations for the quarter stood at ₹237.01 crore, up from ₹192.77 crore in the prior year. For the full year FY26, standalone net profit was ₹206.28 crore, compared to ₹136.35 crore in FY25. Revenue from operations for the year increased to ₹1,020.35 crore from ₹815.05 crore in the previous year.

Segment Performance

The company identified reportable segments as IT-Surveillance, IT/ITES Services, and Drone. IT/ITES Services contributed the highest revenue of ₹5,193.80 crore for FY26, followed by IT-Surveillance at ₹1,618.52 crore. The Drone segment reported revenue of ₹135.29 crore for the year. The total segment assets stood at ₹1,15,260.83 crore as of March 31, 2026.

Corporate Developments

The company participated in a rights issue by its subsidiary, Scandron Private Limited, subscribing to shares for an aggregate amount of ₹56 crore. The allotment of shares is pending. The statutory auditors for the results were M/s SGCO & Co, LLP.

Magellanic Cloud Limited has incorporated a Special Purpose Vehicle (SPV) named MCRAY XTEND INDIA PRIVATE LIMITED in collaboration with Rayonix Tech Private Limited. The entity was established on May 21, 2026, pursuant to a Strategic Investment and Collaboration Agreement between the two companies. The SPV will undertake activities relating to unmanned aerial vehicle (UAV) technology, defence technology solutions, manufacturing, deployment, and other allied business operations.

The company will acquire a 60% shareholding in Mcray Xtend India Private Limited through subscription to its paid-up equity share capital. Consequently, MCRAY will become a subsidiary of Magellanic Cloud Limited. The transaction involves the acquisition of 6,00,000 equity shares at a face value of Rs. 10/- each via cash consideration. The acquisition is expected to be completed following the subscription to the share capital.

Strategic Expansion and Impact

The incorporation of the SPV and the proposed investment are aligned with the company’s strategic expansion plans in the UAV and defence technology sector. This move is expected to strengthen its participation in indigenous technology development initiatives in India. The collaboration aims to enable the company to undertake UAV and defence technology projects, local manufacturing, deployment, and commercialization activities.

Transaction Details

The disclosure confirms that none of the promoter, promoter group, or group companies have any interest in MCRAY Private Limited, except to the extent of their shareholding interest in Magellanic Cloud Limited. The transaction does not fall within the purview of related party transactions. Applicable statutory and regulatory approvals, including those from the Ministry of Corporate Affairs, will be sought for the acquisition.