Shares of Amagi Media Labs gained sharply after reporting their second quarter results on Thursday, November 5.
The company’s net profit surged to ₹75 crore in the September quarter from ₹3 crore in the same period last year.
Its revenue of ₹476 crore was up 27% from the previous fiscal’s ₹375 crore.
The company’s earnings before interest and taxes (EBITDA) also surged to ₹64 crore compared to an EBITDA loss of ₹3 crore in the year-ago period.
Agami Media Labs had reported strong earnings in the first quarter as well. Its net profit increased to ₹34 crore from ₹4 crore, revenue was up 32.4% to ₹436.8 crore from ₹330 crore. Its EBITDA turned positive to ₹29.7 crore in the first quarter from a loss of ₹1.3 crore in the year-ago period.
Shares of Amagi Media Labs gained sharply by 6.5% to hit an intraday high of ₹611.75 apiece post their results on Thursday. The stock was up 4.1% at ₹598.15 apiece at 10.50 am. It has gained 5.5% in the past month and 36% in the last six months.
The stock made its debut on the exchanges at a 12% discount in January this year. It currently trades 69.4% above its issue price of ₹361 and 93% higher than its listing price of ₹317 apiece.
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Amagi Media Labs shares surge nearly 7% after Q2 net profit surges to ₹75 crore, EBITDA turns positive