Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and Financial Results
Audit Opinion:
Clean opinion - Limited Review Report states nothing has come to their attention that causes them to believe the financial results contain any material misstatement.
Key Financial Highlights [Rs in Lakhs]:
Standalone Results:
Revenue from Operations: ₹2,407.60 (Q1 FY27) vs ₹2,976.82 (Q1 FY26) - 19.1% decrease YoY
Total Income: ₹2,481.52 (Q1 FY27) vs ₹3,004.56 (Q1 FY26) - 17.4% decrease YoY
Net Profit: ₹486.63 (Q1 FY27) vs ₹518.18 (Q1 FY26) - 6.1% decrease YoY
EPS: ₹0.08 (Q1 FY27) vs ₹0.09 (Q1 FY26)
Other Equity: Not specified for current quarter
Cash and Cash Equivalents: Not disclosed
Debt: Not disclosed
Consolidated Results:
Revenue from Operations: ₹18,027.63 (Q1 FY27) vs ₹16,395.62 (Q1 FY26) - 10.0% decrease YoY
Total Income: ₹18,205.11 (Q1 FY27) vs ₹16,433.99 (Q1 FY26) - 10.8% decrease YoY
Net Profit: ₹2,370.84 (Q1 FY27) vs ₹2,775.34 (Q1 FY26) - 14.6% decrease YoY
EPS: ₹0.40 (Q1 FY27) vs ₹0.47 (Q1 FY26)
Other Equity: ₹56,852 (as of March 31, 2026)
Cash and Cash Equiguivalents: Not disclosed
Debt: Not disclosed
Segment-wise Performance:
The company operates in three reportable segments:
Revenue from Operations:
- IT-Surveillance: ₹1,780.13 lakhs (Q1 FY27)
- IT/ITES Services: ₹3,246.63 lakhs (Q1 FY27)
- Drone: ₹44.62 lakhs (Q1 FY27)
Segment Results:
- IT-Surveillance: ₹1,780.13 lakhs (Q1 FY27)
- IT/ITES Services: ₹3,246.63 lakhs (Q1 FY27)
- Drone: ₹44.62 lakhs (Q1 FY27)
Total Segment Results: ₹5,071.39 lakhs (Q1 FY27)
Segment Assets (as of June 30, 2026):
- IT-Surveillance: ₹48,783.21 lakhs
- IT/ITES Services: ₹62,833.29 lakhs
- Drone: ₹7,899.77 lakhs
Total Assets: ₹1,19,516.26 lakhs
Corporate Actions:
No dividend declarations, share splits, bonus issues, or buybacks announced.
Other Significant Information:
Scandron Rights Issue:
On March 24, 2026, Scandron Private Limited made a rights issue of equity shares (face value ₹10 each at issue price ₹100 per share). The company participated for ₹56,00,00,000, increasing its stake from 70.00% to 92.11%, reducing Non-Controlling Interest from 30.00% to 7.89%. Difference of ₹55.32 crore between fair value and carrying amount recognized in equity.
Defence Joint Venture:
During the quarter, the company entered into a Strategic Investment and Collaboration Agreement with Rayonix Tech Private Limited dated April 25, 2026, establishing a Joint Venture for developing India's indigenous defence ecosystem. Total commitment of $160 million for Capex and Opex. During the quarter, the company paid ₹12.50 crores against this commitment.
Labour Code Impact:
The Government of India consolidated 29 labour regulations into four labour codes effective November 21, 2025. The company has estimated liability for employee benefits resulting in incremental expense recognized as exceptional item in previous year (₹32.02 lakhs standalone, ₹164.18 lakhs consolidated for FY26). No impact in current quarter.
Entities in Consolidation:
The consolidated results include: Magellanic Cloud Limited (Holding Company), Provigil Surveillance Ltd., JNIT Technologies Inc., Motivity Labs Pvt Ltd., Motivity Labs Inc., Scandron Private Limited, Finoux solutions private limited, Motivity Canada, Motivity Labs Pte Ltd, Motivity Labs B.V., and Mcray Xtend India Private Limited (Joint Venture).