Magellanic Cloud Ltd management interview: Magellanic Cloud: 685 Of 930 Punjab & Sind Bank Sites Deployed | ₹350 Crore Order Book | ET Now
ET Now, 2026-09-10. Video: https://www.youtube.com/watch?v=4ayb6rSqiS4
- PSB project progress: The company has completed 70% to 80% of the 930 Punjab & Sind Bank sites and expects to finish deploying the remaining 245 sites within a month.
- Contract revenue structure: The Rs 20 to 25 crore bank contract operates on a 5-year opex model, generating approximately Rs 5 crore annually through monthly recurring billings.
- Financial growth target: Management expects to improve upon last financial year's Rs 700 crore revenue and Rs 114 crore PAT, aiming to reach a four-figure top-line number as supply constraints ease.
- Order book composition: Railways make up over 50% to 60% of the Rs 350 crore new order book, with the remaining share coming from BFSI, PSUs, and international expansion of its Scanlytics AI platform.