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Results · Consumer Internet & Media

Mobavenue AI Tech net profit jumps 94% in Q1

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Date
Company
Mobavenue AI Tech
What it does
AI-powered adtech platform
Kind
Results
Founded
2017
Sector
Consumer Internet & Media

What they do

Mobavenue AI Tech offers an AI-powered adtech platform for digital-first brands

What happened

It reported Q1 FY27 net profit of ₹11.7 Cr, up 94.3% year-on-year

Why it matters

Operating revenue rose 57% to ₹72.8 Cr, driven by higher supply and data costs

The details

  • Mobavenue AI Tech announced its Q1 FY27 financial results.
  • Operating revenue was ₹72.8 Cr, a 57% increase from ₹46.4 Cr in Q1 FY26.
  • Sequentially, net profit grew 38.2% from ₹8.4 Cr in Q4 FY26.
  • Operating revenue reached ₹72.8 Cr, up 57% year-on-year from ₹46.4 Cr.
  • Sequential revenue growth was 16.3% from ₹62.6 Cr in the previous quarter.
  • Total income stood at ₹75 Cr, including other income of ₹2.2 Cr.
  • Total expenses rose 54.7% to ₹59.5 Cr, with supply and data costs at ₹44 Cr.
  • Employee benefit expenses increased 92.1% to ₹8.4 Cr.

The bigger picture

  • Revenue growth outpaced profit growth, indicating improving margins.
  • Supply and data costs, the largest expense, rose 51.6% in line with revenue.
  • Employee costs nearly doubled, reflecting investment in talent.

About the business

  • Mobavenue AI Tech was founded in 2017 and offers an AI-powered adtech platform.
  • It provides digital advertising, performance marketing, and data intelligence services.
  • The platform helps clients acquire users, increase engagement, and monetise digital inventory.
  • Its client portfolio includes HDFC Bank, ICICI Bank, boAt, Groww, Flipkart, PhonePe, and IndiGo.
  • The core team is based in India, with a presence in around 10 countries.

The deal

Type
results

Founders

  • Ishank Joshi, Founder
  • Tejas Rathod, Founder
  • Kunal Kothari, Founder

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