SaaS Company Amagi’s Q2 Profit Jumps Nearly 30X To ₹74.8 Cr
Listed media SaaS company Amagi reported a nearly 30X YoY jump in its consolidated net profit to ₹74.8 Cr in…
Amagi, a listed media software company, announced a remarkable surge in its consolidated net profit by nearly 30 times in the second quarter of FY27, reaching ₹74.8 crore. This significant increase was driven by revenue growth outpacing expenses, with the company reporting a net profit of ₹2.5 crore in the same quarter last year. Sequentially, the profit rose by 120.7% from ₹33.9 crore.
Amagi's operating revenue grew by 27% to ₹475.8 crore, up from ₹374.8 crore in Q2 FY26, reflecting a consistent upward trajectory. The quarter's operating revenue was also 8.9% higher than the previous quarter, amounting to ₹436.9 crore.
The company's total income, including other income, amounted to ₹501.9 crore in Q2 FY27, a substantial jump from ₹389.6 crore a year ago and ₹454.5 crore in Q1 FY27. However, this income was accompanied by an increase in total expenses by 9%, reaching ₹419.3 crore from ₹384.5 crore.
In addition to the financial results, Amagi's board approved the appointment of Bhaskar Ghosh, a former Accenture chief strategy and innovation officer, as an additional non-executive independent director for three years. The board also approved the appointment of promoter and Chief Technology Officer Srividhya Srinivasan as a whole-time director for a term of five years, with her retaining her CTO designation.
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