Amagi Media Labs (AMAGI) Q4 22/23 earnings summary

Executive summary

• Consolidated revenue from operations reached ₹6,805.58 Mn in FY23 versus ₹4,309.81 Mn in FY22; consolidated PBT was a loss of ₹3,148.50 Mn.

• Standalone revenue from operations was ₹3,154.23 Mn and net loss was ₹3,473.39 Mn; the Board recommended no dividend.

Financial highlights

• Consolidated total income was ₹7,247.17 Mn and total expenditure ₹10,395.66 Mn in FY23.

• Standalone total income was ₹3,604.70 Mn versus ₹3,350.01 Mn in FY22; standalone net loss narrowed to ₹3,473.39 Mn from ₹10,862.36 Mn.

• Standalone other income was ₹450.47 Mn versus ₹32.89 Mn in FY22; revenue from operations was ₹3,154.23 Mn versus ₹3,317.12 Mn.

• Standalone operating cash flow used ₹2,241.70 Mn; cash and cash equivalents closed at ₹6,930.92 Mn versus ₹6,299.59 Mn.

Segment performance

• Standalone revenue was primarily from distribution and playout services; Thunderstorm, Cloudport and related services comprised the major revenue line.

• Six subsidiaries were held at FY23 year-end; subsidiary turnover included Amagi Corporation ₹4,889.01 Mn, Amagi Media Labs Pte. Ltd. ₹336.25 Mn and Amagi Media Pvt. Ltd. ₹952.95 Mn.