ETMarkets Management Talk | Magellanic Cloud’s drone order book can rise up to Rs 2,500 in FY25
With drones finding wider applications, Magellanic Cloud is expecting that its order book from the segment may increase to Rs 200-400 crore in FY24 with the potential of reaching Rs 2500 crore in FY25. “On securing the DGCA license we are confident on getting immediate orders of 100-150 drones and in the course of time we shall look for bigger orders with a smooth facilitation process,” said Sanjay Chauhan, CFO, Magellanic Cloud. Edited excerpts from an interview:
After an impressive growth in the first two quarters of the fiscal year, how do things look like for the next two quarters of the fiscal year?
We have set an ambitious goal to boost revenue by approximately 30-40% in the fiscal year 2024. This reflects our confidence in our business model and strategic direction. The company is committed to sustaining a robust net profit margin after tax, maintaining a steady 15-20% of revenue from operations. This again demonstrates the determination of Magellanic Cloud towards its growth and aims to establish itself as a leader in the market.
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You have express targets to acquire 2-3 companies each year. Can you throw some light on which segments are you looking at for inorganic growth and why?
We are actively looking for opportunities in the IT sector, E-Surveillance and drone technology for acquisitions. We would like to consider acquisitions to facilitate our entry into the Middle East market. We are also open to offering equity for smooth acquisition process and we believe
