Amagi Q2 net profit jumps to Rs 75 Cr; revenue rises 27%

Amagi, a media-focused Software-as-a-Service (SaaS) company, reported a significant surge in net profit and revenue growth for the second quarter of FY27. In Q2, Amagi's net profit soared to Rs 74.83 crore, a remarkable 29-fold increase from Rs 2.52 crore in the same period last year. This substantial rise in profit was accompanied by a 27% increase in revenue, totaling Rs 475.82 crore, compared to Rs 374.76 crore in the corresponding period of the previous fiscal year.

Baskar Subramanian, CEO of Amagi, outlined three key opportunities for the company moving forward: streamlining customer operations, reaching new audiences, and maximizing revenues from their content. He emphasized the company's strategic focus on leveraging Artificial Intelligence (AI) across these initiatives. The company has been scaling its business with improved operating discipline, and the revenue growth during Q2 was largely driven by the streaming unification and monetisation segments, as well as the marketplace.

Amagi introduced four new AI products during the quarter, focusing on live production, live sports, localization, and agentic network operations. The company's 10 largest customers contributed 41% of Q2 FY27 revenue, a figure consistent with the previous quarter's contribution of 41.4%. For the first half of FY27, these large customers accounted for 39.9% of the revenue, indicating a stable customer concentration profile.

Looking ahead, Amagi anticipates continued growth in the second half of FY27, with revenue expected to expand by 30% year-on-year. This growth will be accompanied by an increase in EBITDA margin and stronger cash conversion. The company pledges to make strategic investments in people, products, and technology with strict financial discipline, aiming to sustain year-over-year topline growth while benefiting from operating leverage.