Amagi Media Labs posts ₹71.7 crore FY26 profit after loss

Amagi Media Labs Limited reported a ₹71.7 crore profit after tax in FY26, reversing a ₹68.7 crore loss in FY25, as revenue rose 29.5% year-on-year to ₹1,505.6 crore. The company also reported adjusted EBITDA of ₹155.7 crore, up 563.1% from the previous year.

What did Amagi Media Labs report for FY26?

Amagi Media Labs Limited, referred to hereafter as Amagi, reported sustained revenue growth and its first PAT-positive financial year in its Q4 and FY26 earnings presentation. FY26 revenue reached ₹1,505.6 crore, while adjusted EBITDA rose to ₹155.7 crore. Profit after tax was ₹71.7 crore, compared with a loss after tax of ₹68.7 crore in FY25.

The figures were included in the company's shareholder letter and investor presentation dated May 20, 2026, covering the quarter and year ended March 31, 2026. Amagi described the FY26 result as a year of sustained growth and expanded margins.

For the March quarter, Amagi reported revenue of ₹397.0 crore, an increase of 28.5% year-on-year. The company said growth was driven by secular expansion across its segments, without providing segment-level financial figures in the supplied disclosure.

How did Amagi's profitability change during FY26?

Amagi's profitability changed materially in FY26, with the company moving from a ₹68.7 crore loss in FY25 to a ₹71.7 crore profit after tax. The shift made FY26 the company's first PAT-positive year, according to its earnings presentation.

Adjusted EBITDA increased 563.1% year-on-year to ₹155.7 crore. This sharp percentage growth reflects the comparison with the prior year, although the provided material does not disclose the FY25 adjusted EBITDA base or explain individual cost movements behind the increase.

The company separately highlighted margin expansion alongside revenue growth. The available disclosures establish the reported outcome but do not provide a forward earnings target, margin guidance, or a detailed outlook for FY27.

What customer and operating indicators did Amagi disclose?

Amagi disclosed a net revenue retention rate of 126%, marking the third consecutive year in which this measure was above 120%. Net revenue retention is an indicator used by subscription and platform businesses to track revenue retained and expanded from existing customers over time.

The company also said its number of customers contributing more than $1 million increased 25% year-on-year to 35. These indicators point to growth within the existing customer base and a higher count of large customers, though the presentation excerpt does not provide customer concentration data or segment-wise revenue contributions.

Amagi describes its business around streaming unification, cloud-based systems for television networks, and services that help content providers navigate fragmented OTT distribution. Its stated focus includes helping content providers increase advertising revenue and expand content distribution.

What does the FY26 result mean for investors and the industry?

The FY26 result gives investors a full-year financial reference point after Amagi became a publicly listed company. The company's equity shares began trading on the National Stock Exchange of India and BSE on January 21, 2026, under the symbol AMAGI and BSE scrip code 544679.

The move into profit is significant because it combines revenue growth with positive reported earnings. Revenue increased by nearly 30% while adjusted EBITDA rose more than fivefold on a year-on-year basis. However, the supplied disclosures do not state whether these growth rates will continue, so the figures should be read as FY26 reported performance rather than a forecast.

For the media technology sector, Amagi's disclosures underline the role of cloud-based infrastructure, OTT distribution, and advertising-led monetisation in its operating model. The company has not provided, in the supplied material, industry market-size estimates or details of broader sector demand conditions.

What liquidity and disclosure milestones has Amagi reported?

Amagi reported a cash balance of ₹803.4 crore as of December 31, 2025, in its presentation for the quarter and nine months ended on that date. The company said this balance provided liquidity to support operations and investments.

The FY26 audited financial results were communicated to BSE and NSE on May 20, 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations. Amagi held its Q4 and FY26 earnings conference call on May 21, 2026, with Managing Director and Chief Executive Officer Baskar Subramanian and Chief Financial Officer Vijay NP named in the call invitation.

Amagi later filed a Q1 FY27 investor presentation for the quarter ended June 30, 2026, dated August 13, 2026. The supplied excerpt confirms the filing and the scheduled August 14 earnings call, but does not contain Q1 FY27 financial numbers.

Conclusion

Amagi's FY26 disclosures show a move to profitability alongside continued revenue growth. Revenue rose to ₹1,505.6 crore, adjusted EBITDA reached ₹155.7 crore, and PAT turned positive at ₹71.7 crore after a loss in FY25. The company's 126% net revenue retention and 35 customers generating over $1 million each provide additional operating context.

The next reported milestone disclosed in the material is the Q1 FY27 earnings update for the quarter ended June 30, 2026, with an earnings call scheduled for August 14, 2026. Investors can watch for the financial data and management commentary accompanying that quarterly presentation.