• Type of Event: The document is a transcript of the Q2 and H1 FY27 Earnings Conference Call.
  • Date and Time: The conference call was held on Friday, November 6, 2026. A specific start time was not mentioned in the transcript.
  • Purpose: The stated purpose of the call was to discuss the company's financial and operational performance for the second quarter and first half of fiscal year 2027.
  • Management Participants: The following management representatives participated in the call:
  • Mr. Baskar Subramanian, Managing Director and Chief Executive Officer
  • Mr. Vijay NP, Chief Financial Officer
  • SGA, Investor Relations (name not specified)
  • Availability of Materials: The company stated that the investor presentation was available on its investor relations website. The full transcript of the call was enclosed with the regulatory filing and is also hosted on the company's website at https://www.amagi.com/investors/quarterly-financials.
  • Financial Period Discussed: The discussion focused on the financial results for Q2 FY27 (Quarter ending September 2026) and H1 FY27 (Half-year ending September 2026).
  • Forward-Looking Statements: The moderator's opening remarks included a standard caution that the call may contain forward-looking statements based on beliefs and expectations as of the date of the call, which are not guarantees of future performance and involve risks and uncertainties.
  • Compliance Language: The transcript includes a standard disclaimer: "THIS TRANSCRIPT IS EDITED FOR FACTUAL ERRORS. IN CASE OF DISCREPANCY, THE AUDIO RECORDINGS UPLOADED ON THE STOCK EXCHANGE ON NOVEMBER 06, 2026, WILL PREVAIL." The company did not explicitly state that no Unpublished Price Sensitive Information (UPSI) would be shared.

Financial and Operational Highlights (as disclosed in the call)

Financial Performance for Q2 FY27:

  • Revenue: INR 476 crores, up 27% year-on-year (YoY). Excluding a one-time base effect from the previous year, growth was 33% YoY.
  • Adjusted EBITDA: INR 89 crores, up 114% YoY. Margin was 18.7%, up 760 basis points YoY.
  • Profit After Tax (PAT): INR 75 crores, significantly higher than the previous year.
  • Cash & Equivalents: INR 1,774 crores with no debt.

Financial Performance for H1 FY27:

  • Revenue: INR 913 crores, up 30% YoY.
  • Adjusted EBITDA: INR 139 crores.
  • Adjusted Operating Cash Flow: Positive INR 94 crores (swung from negative INR 98 crores in H1 FY26).

Operational Metrics:

  • Total Customers: 503 (added 22 in H1).
  • Channel Deliveries: 10,787, up 29% YoY.
  • Content Processed: Crossed 1 million hours, up 43% YoY.
  • Ad Impressions: 16 billion, up 65% YoY.
  • Net Revenue Retention (NRR): 125% (trailing 12 months).
  • Customers with >$1M in revenue: 15, up from 11 a year ago.

Segment Revenue Mix:

  • Cloud Modernization: ~20% of revenue (grew 9% reported, 36% ex-base effect).
  • Streaming Unification: ~55% of revenue (grew 35%).
  • Monetization & Marketplace: ~25% of revenue (grew 28%).

Strategic and Product Updates:

  • AI Product Launches: Four new products were launched: Amagi STUDIO (live production in the cloud), FANPULSE (live sports-to-social platform), Integrated Localization system, and Agentic NOC.
  • NEWSPULSE, an AI product for news summarization, moved into production with a major U.S. network.
  • Total Addressable Market (TAM): Stated as $17 billion, with the potential for AI to nearly double it over time.
  • Board Appointments: Proposed appointment of Dr. Bhaskar Ghosh (ex-Accenture) as Independent Director and Srividhya Srinivasan (Co-founder & CTO) as a Director, subject to shareholder approval.

Guidance & Outlook:

  • The company reiterated its aspiration for durable revenue growth and to deliver operating leverage that converts to cash.
  • For Q3 FY27, management expects "another great quarter with elevated margin levels" due to structural benefits from the U.S. advertising peak (midterm elections) and recurring cloud savings.
  • Underlying Adjusted EBITDA margin, excluding one-time tailwinds of ~200 bps, was closer to 16.5% for Q2. For the full year, margin is expected to stay close to that range as the company reinvests in people, product, and AI.
  • The first-half cash conversion was 67% of Adjusted EBITDA, surpassing the company's full-year aspiration of 50-60%.

Additional Notes Section

  • Attachments: The regulatory filing intimated that the transcript was enclosed ("Encl.: As above").
  • Financial Data: Extensive financial data and operational metrics were disclosed and discussed during the earnings call.