Amagi Q2 FY27 revenue rises 27%, profit jumps nearly 30-fold
Total expenses rose 9% to Rs 419 crore during the quarter from Rs 384.5 crore in the year-ago period.
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SaaS firm Amagi Media Labs recorded a 27% year-on-year increase in revenue from operations to Rs 476 crore in Q2 FY27 from Rs 375 crore in the corresponding quarter last year.
Amagi's net profit surged nearly 30 times to Rs 75 crore in Q2 FY27 from Rs 2.53 crore in Q2 FY26, according to its consolidated financial results filed with the stock exchanges.
The company's total income stood at Rs 502 crore during the quarter, including Rs 26 crore from non-operating sources.
Total expenses rose 9% to Rs 419 crore during the quarter from Rs 384.5 crore in the year-ago period. Employee benefit expenses, which accounted for around 50.4% of total expenses, increased marginally by 1.4% to Rs 211 crore in Q2 FY27 from Rs 208 crore in Q2 FY26. The company did not disclose a detailed breakup of other expenses.
Its adjusted EBITDA more than doubled to Rs 89 crore, with the margin expanding to 18.7% from 11.1% a year ago. The company also reported stronger cash generation during the first half of FY27.
Founded in 2008, Amagi operates a cloud-based SaaS platform that enables media companies to launch, distribute and monetise content across cable, OTT and Free Ad-Supported Streaming TV (FAST) platforms. Its solutions also cover advertising, cloud modernisation and AI-enabled media operations.
The company recently appointed Bhaskar Ghosh, former Chief Strategy and Innovation Officer at Accenture, and Srividhya Srinivasan, Amagi's co-founder and CTO, to its board to strengthen its expertise in AI, technology and enterprise transformation.
"We see three major opportunities ahead: helping customers operate more efficiently, reach new audiences and maximize revenues from their content. We expect AI to play an important role across all three," said Baskar Subramanian, managing director & CEO, Amagi.
On a half-yearly basis, Amagi's revenue from operations increased 29.5% to Rs 913 crore in H1 FY27 from Rs 705 crore in H1 FY26. Its net profit surged nearly 17 times to Rs 109 crore from Rs 6.5 crore in the corresponding period last year.