Amagi IPO: CEO Baskar Subramanian Says Profitability is Structural, Not Pre-Listing Clean-up

• Amagi Media Labs launches its ₹1,800 crore IPO, with CEO Baskar Subramanian asserting profitability is structural.
• Subramanian highlights a 30% CAGR and a swing from 21% loss to 8.5% positive adjusted EBITDA margin.
• The Software-as-a-Service (SaaS) model and 127% net revenue retention rate are key drivers of financial strength.
• Amagi aims for a stable-state EBITDA margin of around 25% in the next 2-3 years, comparable to global peers.
• Less than 10% of the media market has moved to the cloud, indicating significant growth potential for Amagi.

Why It Matters: Amagi's CEO confirms IPO profitability is due to structural SaaS model and market shift, not pre-listing adjustments.