Magellanic Cloud Limited confirmed that its statutory auditors have issued an unmodified opinion on the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. This disclosure addresses a query raised by BSE Limited regarding the company's financial reporting status for the period.

The audit report was issued by M/s SGCO & Co, LLP, Chartered Accountants and Statutory Auditors of the Company, on May 26, 2026. The clarification follows the outcome of a Board Meeting held on the same date and was submitted pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The submission was made to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Ltd. The company requested that the exchanges take the clarification on record to ensure accurate dissemination of the audit status to shareholders and market participants.

Key Details of the Filing

The confirmation of an unmodified opinion indicates that the financial statements present a true and fair view of the company's financial position and performance in accordance with applicable accounting standards. Joseph Sudheer Reddy Thumma, Chairman and Managing Director, signed the disclosure on behalf of Magellanic Cloud Limited.

Magellanic Cloud Limited reported its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company recorded a consolidated net profit of ₹304.40 crore for FY26, an increase from ₹226 crore in the previous year. For the quarter ended March 31, 2026, consolidated net profit stood at ₹30.40 crore, compared to ₹22.60 crore in the same period last year. The board of directors approved the results at a meeting held on May 26, 2026.

Consolidated Financial Performance

Consolidated revenue from operations for Q4 FY26 rose to ₹205.50 crore from ₹156.30 crore in Q4 FY25. Total revenue for the quarter was ₹211.60 crore. For the full year FY26, revenue from operations reached ₹2,055.46 crore, up from ₹1,563.50 crore in FY25. Total revenue for the year was ₹2,111.27 crore. EBITDA for the quarter stood at ₹58.10 crore, with a margin of 28.3%.

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.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the audited financial results in newspapers, including Business Standard and Mana Telangana, on May 27, 2026. The results are accessible on the company's website.

Operational Highlights

During Q4 FY26, the company's subsidiaries secured significant orders across e-surveillance and IT sectors. Provigil Surveillance Ltd. secured orders worth ₹4.10 crore from South Central Railway and ₹3.61 crore from Central Railway – Nagpur Division. It also bagged a ₹5.36 crore order for RDSO-compliant surveillance systems and a ₹6.16 crore order for level crossing gates. Additionally, Provigil received a Letter of Intent from RailTel Corporation of India Limited for ₹1.55 crore and a ₹2 crore mandate from Central Railway – Bhusawal Division. In the BFSI sector, Provigil secured orders exceeding ₹25 crore from Punjab & Sind Bank and ₹10 crore from Indian Bank. Motivity Labs secured an enterprise engagement renewal valued at $4.7 million.