Amagi Media Labs (AMAGI) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated operating revenue rose 30% YoY to ₹9,422.38m; net loss narrowed 23.7% to ₹2,450.01m.

• Standalone operating revenue increased 40.9% to ₹5,077.67m, while net loss narrowed 38.4% to ₹2,138.32m.

• Auditors gave an unmodified opinion on the standalone financial statements and found internal financial controls adequate and effective; specified electronic-recordkeeping exceptions remain.

Financial highlights

• Consolidated total income was ₹9,422.38m versus ₹7,247.17m in FY23; total expenditure was ₹11,791.81m versus ₹10,395.87m.

• Consolidated loss before tax was ₹2,369.43m versus ₹3,148.70m; loss after tax was ₹2,450.01m versus ₹3,212.68m.

• Standalone total income was ₹5,077.67m versus ₹3,604.70m; loss before and after tax was ₹2,138.32m versus ₹3,473.39m.

• Standalone revenue from operations was ₹4,458.99m versus ₹3,154.23m; other income increased to ₹618.68m from ₹450.47m.

Segment performance

• Standalone operations are described as a single line of business, with revenue from distribution and playout services, including Thunderstorm, Cloudport and related services.