Amagi Media Labs Limited (NSE: AMAGI | BSE: 544679) Announces Q2 and H1 FY27 Financial Results and Board Appointments

Amagi Media Labs Limited (NSE: AMAGI, BSE Scrip Code: 544679) held its Board of Directors meeting on November 5, 2026, approving the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The Board also approved significant leadership appointments, including the addition of an Independent Director and a Whole-time Director & Chief Technology Officer.

---

Consolidated Financial Highlights

All figures are stated in Indian Rupees million unless otherwise specified.

Quarter Ended September 30, 2026 vs. Prior Periods

• Revenue from Operations: Rs. 4,758.23 million, up from Rs. 4,368.78 million in the preceding quarter ended June 30, 2026, and Rs. 3,747.62 million in the quarter ended September 30, 2025.
• Total Income: Rs. 5,018.88 million compared to Rs. 4,544.64 million in the previous quarter and Rs. 3,896.01 million in Q2 of the prior year.
• Total Expenses: Rs. 4,193.05 million compared to Rs. 4,140.57 million in Q1 FY27 and Rs. 3,845.45 million in Q2 FY26.
• Profit Before Tax (PBT): Rs. 825.83 million, compared to Rs. 404.07 million in the quarter ended June 30, 2026, and Rs. 50.56 million in the quarter ended September 30, 2025.
• Tax Expense: Rs. 77.45 million (comprising current taxes of Rs. 68.09 million in India taxes and Rs. 9.36 million in foreign taxes).
• Profit for the Period (Attributable to Owners of the Parent): Rs. 748.38 million, rising from Rs. 339.05 million in Q1 FY27 and Rs. 25.29 million in Q2 FY26.
• Total Comprehensive Income: Rs. 768.02 million, compared to Rs. 400.43 million in the preceding quarter and a loss of Rs. (54.76) million in the corresponding period of the previous year.
• Earnings Per Share (EPS) [Nominal value Rs. 5 each]:
  • Basic EPS: Rs 1.49 (vs. Rs 0.12 in Q1 FY27 and Rs 0.12 in Q2 FY26)
  • Diluted EPS: Rs 1.49 (vs. Rs 0.12 in Q1 FY27 and Rs 0.12 in Q2 FY26)

Six Months Ended September 30, 2026 Performance

• Revenue from Operations: Rs. 9,127.01 million for the half-year period, compared to Rs. 7,048.23 million for the six months ended September 30, 2025.
• Profit Before Tax: Rs. 1,229.90 million versus Rs. 116.50 million in the corresponding half-year period.
• Profit for the Period: Rs. 1,087.43 million compared to Rs. 64.70 million in H1 FY26.
• Cash Flow from Operating Activities: Net cash generated from operating activities stood at Rs. 687.84 million, a marked recovery from net cash used of Rs. -2,005.95 million in the prior-year period.
• Cash and Cash Equivalents: Totaled Rs. 2,841.72 million as of September 30, 2026 (including Rs 95.47 million restricted balance in an IPO public issue account reserved for IPO expense settlement).

---

Standalone Financial Summary

All amounts in Indian Rupees million:

• Revenue from Operations: Rs. 3,065.28 million for Q2 ended September 30, 2026, up from Rs. 2,756.36 million in Q1 FY27 and Rs. 2,318.28 million in Q2 FY26. For the six months ended September 30, 2026, standalone revenue was Rs. 5,821.64 million compared to Rs. 4,383.55 million in the prior-year period.
• Profit Before Tax: Rs. 511.52 million in Q2 ended September 30, 2026, compared to Rs. 229.71 million in Q1 FY27 and a loss of Rs. (65.98) million in Q2 FY26. Half-year PBT stood at Rs. 741.23 million against a loss of Rs. (121.28) million in H1 FY26.
• Profit for the Period: Rs. 511.52 million for the quarter and Rs. 741.23 million for the half-year (no tax expense recognized).
• Earnings Per Share (EPS): Basic and Diluted EPS for the quarter was Rs. 2.24 (vs. Rs. 1.01 in Q1 FY27 and Rs. (0.32) in Q2 FY26). Basic and Diluted EPS for the six months was Rs. 3.25.
• Operating Cash Flow: Net cash flow generated from operating activities was Rs. 343.14 million for the six months ended September 30, 2026.

---

Key Leadership Changes

Subject to shareholder approval through an upcoming Postal Ballot, the Board approved:

1. Dr. Bhaskar Ghosh (DIN: 06656458): Appointed as an Additional Non-Executive Independent Director of the Company for a term of 3 years.
2. Ms. Srividhya Srinivasan (DIN: 02014532): Appointed as a Whole-time Director, designated as "Whole-time Director & Chief Technology Officer", effective November 5, 2026, for a 5-year tenure ending November 4, 2031.

---

Other Notable Corporate & Operational Disclosures

• Cyber Security Notification: On October 22, 2026, management was alerted to a cyber extortion threat relating to one of its edge transmission sites. The Company promptly notified CERT-In and filed disclosures under Regulation 30 of SEBI LODR. Management's preliminary assessment indicates that the incident is not expected to have a material financial impact.
• Subsidiary Dissolution: Subsidiary Argoid Analytics Private Limited, which entered voluntary liquidation on November 17, 2025, was dissolved via an order by the National Company Law Tribunal (NCLT), Bengaluru Bench, dated July 31, 2026. The dissolution was officially registered by the Registrar of Companies on August 31, 2026.
• ESOP Share Allotment: During the quarter and six months ended September 30, 2026, the Company allotted 3,814,258 equity shares (nominal value Rs. 5 each) upon the exercise of vested options under the Amagi Employee Stock Option Plan 2025.
• Deferred Tax Assessment: Amagi continues to hold significant unabsorbed depreciation and carried-forward tax losses. Given uncertainty surrounding sufficient future taxable profits against which deferred tax assets can be realized, no deferred tax assets have been recognized on standalone results as of September 30, 2026.
• Segment Reporting: Operating exclusively in the provision of media technologies and related services, Amagi operates as a single reportable segment under Ind AS 108.