Amagi’s Q2 FY27 net profit jumps 28.6-fold to Rs 75 crore

Amagi reported Q2 FY27 net profit of Rs 75 crore, a 28.6-fold jump from Rs 2.53 crore in Q2 FY26. Revenue from operations rose 27% year on year to Rs 476 crore from Rs 375 crore, according to the company’s consolidated financial statements filed with the National Stock Exchange (NSE).

Amagi also reported Rs 26 crore of income from non-operating sources, taking total income to Rs 502 crore. Total expenses rose 9% to Rs 419 crore from Rs 384.5 crore, slower than the 27% increase in operating revenue.

Founded in 2008, Amagi operates a cloud-based advertising platform for connected TV and programmatic advertising. The Bengaluru-based company enables brands to run targeted campaigns across streaming platforms. It generates most of its revenue from international markets, with the US as its key market.

How did Amagi’s cost base change?

Employee benefits accounted for 50% of Amagi’s total expenses and edged up to Rs 211 crore in Q2 FY27 from Rs 208 crore in Q2 FY26. The company did not disclose a further breakup of other expenses. Total expenses increased to Rs 419 crore from Rs 384.5 crore, a 9% rise.

The filings put a 9% increase in total expenses against 27% operating revenue growth. Net profit rose to Rs 75 crore from Rs 2.53 crore, far outpacing the increase in sales. Rs 26 crore of non-operating income also contributed to the quarter’s Rs 502 crore of total income.

How strong was the first half?

Amagi’s operating revenue for H1 FY27 increased 29.5% to Rs 913 crore from Rs 705 crore in H1 FY26. Net profit reached Rs 109 crore, up from Rs 6.5 crore in the corresponding period, marking a nearly 17-fold increase. The half-year revenue gain was slightly faster than the 27% increase recorded in the second quarter.

How did the shares trade?

Amagi’s shares traded at Rs 570 at 3:13 PM, giving the company a market capitalization of approximately Rs 12,642 crore. The valuation followed disclosure of Rs 75 crore in quarterly profit and Rs 109 crore over the first half. Amagi filed the underlying consolidated financial statements with the NSE.

Amagi’s next earnings test is whether it can sustain the gap between 27% quarterly revenue growth and 9% expense growth. With most revenue generated internationally and the US as its key market, Amagi must preserve that momentum across connected TV and programmatic advertising.

The latest filing provides the benchmark: Rs 476 crore of operating revenue, Rs 75 crore of net profit and Rs 502 crore of total income in Q2 FY27.