Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited , has secured a Letter of Acceptance (LOA) from South Central Railway, Nanded Division, valued at approximately ₹7.64 crore. The order encompasses the provision of IP-based CCTV surveillance systems across stabling lines, washing yards, and pit lines, including installation, networking infrastructure, and a 5-year Comprehensive Annual Maintenance Contract (CAMC). This contract strengthens the company's e-surveillance order book, which now exceeds ₹200 crore, reinforcing its position in executing large-scale Railway and PSU projects.

Order Details

The project entails the supply, installation, testing, commissioning, and maintenance of the surveillance systems. According to the disclosure, the execution period for the order is set at 12 months. The awarding entity, South Central Railway, is classified as a domestic entity, and the contract does not fall within the purview of related party transactions.

Contract Overview

The continued order inflow reflects Magellanic Cloud Limited's execution capabilities and domain expertise in delivering integrated surveillance and security solutions across critical infrastructure. The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.