Listed adtech company Mobavenue AI Tech reported a 60% year-on-year jump in net profit to ₹8.4 Cr for the March 2026 quarter (Q4 FY26), up from ₹5.4 Cr in the same period last year. Operating revenue rose 42% YoY and 14% sequentially to ₹62.6 Cr, while EBITDA surged 68% YoY to ₹13.3 Cr.
For the full fiscal year FY26, Mobavenue’s profit after tax more than tripled to ₹29.3 Cr from ₹9.7 Cr in FY25, with operating revenue climbing 152% YoY to ₹218.5 Cr. Total expenses for Q4 rose 40% YoY to ₹51.5 Cr, with supply and data costs — the largest expense line item — increasing approximately 50% YoY to ₹36.4 Cr.
The company said growth during the fiscal was driven by direct advertiser demand from clients in quick commerce, BFSI, fintech, and retail sectors. It reported that 74% of its revenue came from direct clients. Its client portfolio includes HDFC Bank, ICICI Bank, Groww, Flipkart, PhonePe, boAt, and IndiGo, among others.
On the operational side, Mobavenue said its platform processed over 125 crore signals daily with a response time under 15 milliseconds during the fiscal year.
Founded in 2017 by Ishank Joshi, Tejas Rathod, and Kunal Kothari, Mobavenue operates an AI-powered adtech platform serving digital-first brands across performance marketing, user acquisition, and data intelligence. The company is active in 10 countries, though India accounted for 88.5% of its revenue in FY26. It recently expanded operations into South America and Southeast Asia.
“As we enter FY27, our focus is clear: scale with discipline, deepen AI and data-led innovation and expand our global market presence as part of Mission 2030 to build a global AI-native platform from India for the world,” said Joshi, the company’s founder, MD, and CEO.
Mobavenue’s stock closed 0.9% higher at ₹1,115 on Friday and has risen 75.6% over the past year.
Source: Inc42 Media