SaaS Firm Amagi Reports Strong Q2 FY27 Earnings

SaaS firm Amagi has announced impressive Q2 FY27 earnings, highlighting a remarkable 28.6-fold increase in net profit to Rs 75 crore. The company’s revenue from operations also saw a significant boost, up by 27% year-on-year.

Financial Performance Overview

According to consolidated financial statements submitted to the National Stock Exchange (NSE), the Bengaluru-based company’s revenue rose to Rs 476 crore in Q2 FY27, compared with Rs 375 crore during the same quarter last year (Q2 FY26). Additionally, Amagi reported Rs 26 crore in income from non-operating sources, bringing its total income to Rs 502 crore for Q2 FY27.

About Amagi

Founded in 2008, Amagi offers a cloud-based advertising platform designed for connected TV (CTV) and programmatic advertising. This enables brands to conduct targeted campaigns across various streaming platforms. The majority of Amagi’s revenue is derived from international markets, with the US being a crucial region.

Expense Analysis

Employee benefits expenses constituted 50% of the total expenses, which saw a slight increase to Rs 211 crore in Q2 FY27 from Rs 208 crore in Q2 FY26. The company did not provide detailed information regarding other expenses. Overall, total expenses grew by 9%, amounting to Rs 419 crore, up from Rs 384.5 crore.

Bottom Line Growth

On the bottom line, Amagi’s net profit surged to Rs 75 crore in Q2 FY27, marking a 28.6 times increase from Rs 2.53 crore in Q2 FY26.

Half-Yearly Performance

For the first half of FY27, Amagi’s operating revenue climbed by 29.5%, reaching Rs 913 crore compared to Rs 705 crore in H1 FY26. The net profit for this period experienced a dramatic rise to Rs 109 crore, significantly improving from Rs 6.5 crore during the corresponding period last year, indicating an almost 17-fold increase.

Market Capitalisation

As of 3:13 PM, the company’s shares were valued at Rs 570, resulting in an approximate market capitalisation of Rs 12,642 crore.