Amagi Q1 profit jumps nearly ninefold as revenue rises 32 per cent

BENGALURU: Amagi has tuned into a strong start to the financial year, with the media technology company reporting a sharp rise in revenue and profit for the first quarter of FY27.

Consolidated revenue from operations rose 32.36 per cent year on year to Rs 4,368.78 million in the quarter ended June 30, 2026, compared with Rs 3,300.61 million a year earlier. Revenue was also higher than the Rs 3,969.71 million recorded in the previous quarter.

Total income increased to Rs 4,544.64 million from Rs 3,443.31 million in Q1 FY26, with other income contributing Rs 175.86 million.

The stronger topline growth flowed through to the bottom line. Consolidated profit before tax jumped to Rs 404.07 million from Rs 65.94 million in the year-ago quarter.

After a total tax expense of Rs 65.02 million, consolidated profit after tax stood at Rs 339.05 million, nearly nine times the Rs 39.41 million reported in Q1 FY26. Basic and diluted earnings per share came in at Rs 1.49.

The company reported total comprehensive income of Rs 400.43 million, supported by Rs 61.38 million in other comprehensive income.

Amagi’s standalone business also delivered a turnaround. Revenue from operations rose 33.46 per cent to Rs 2,756.36 million in Q1 FY27 from Rs 2,065.27 million in the corresponding period last year.

Including other income of Rs 244.68 million, standalone total income reached Rs 3,001.04 million.

Total expenses stood at Rs 2,771.33 million, with employee benefits accounting for Rs 1,000.50 million and other expenses at Rs 1,727.81 million. Depreciation and amortisation was Rs 37 million, while finance costs stood at Rs 6.02 million.

As a result, standalone profit before and after tax came in at Rs 229.71 million, compared with a loss of Rs 55.30 million in Q1 FY26. Standalone EPS also swung to Rs 1.01 from a loss of Rs 0.29 a year earlier.

The company said it did not recognise deferred tax assets because of past unabsorbed depreciation and carried-forward losses.

Alongside the financial results, the board recommended the reappointment of Baskar Subramanian as managing director and chief executive officer for another five-year term.

Subject to shareholder approval at the company’s upcoming annual general meeting, Subramanian’s new term will run from December 1, 2026, to November 30, 2031.

Subramanian has more than 23 years of experience across technology and media. Before Amagi, he served as chief technology officer at ImpulseSoft and worked with Texas Instruments India. He is also a designated partner at Vinculum Advisors LLP and serves on the boards of several Amagi overseas subsidiaries.

The board also recommended the appointment of M/s BMP & Co. LLP as secretarial auditors for five years, covering FY27 to FY31.

It further proposed an amendment to the company’s Memorandum of Association to revise its authorised share capital to Rs 2,47,25,13,655, comprising 49,45,02,731 equity shares with a face value of Rs 5 each.

The results come less than seven months after Amagi made its stock market debut. The company listed on BSE and the National Stock Exchange on January 21, 2026, following its IPO.

The issue comprised 49,546,221 equity shares priced at Rs 361 apiece. It raised Rs 8,160 million through a fresh issue and Rs 9,726.19 million through an offer for sale.

Amagi’s operations span India and overseas markets through subsidiaries and step-down entities in the US, UK, Singapore, Canada and Croatia, among others.

The Q1 numbers suggest that the company has carried its post-listing momentum into FY27, with both its consolidated and standalone businesses showing stronger revenue and profitability. For a media technology company navigating an increasingly global market, the latest quarter has provided a healthy first signal for the year ahead.