Mobavenue AI Tech Limited FY26 revenue rises to Rs 18.68 crore

Mobavenue AI Tech Limited reported standalone revenue from operations of Rs 18.68 crore for the year ended March 31, 2026, up from Rs 4.52 crore in FY25, while profit after tax increased to Rs 3.82 crore from Rs 77.10 lakh. The results followed the company’s shift into digital media and advertising services.

How much did Mobavenue AI Tech grow in FY26?

Mobavenue AI Tech increased revenue from operations by 313% to Rs 18.68 crore in FY26 from Rs 4.52 crore in FY25. Total income, including Rs 1.10 crore of other income, rose to Rs 19.78 crore from Rs 4.71 crore, while profit before tax increased to Rs 5.07 crore from Rs 1.12 crore.

Profit after tax was Rs 3.82 crore in FY26, nearly five times the Rs 77.10 lakh reported in FY25. Basic and diluted earnings per share both rose to Rs 2.54 from Rs 0.51, based on a weighted average of 1.51 crore shares in FY26, compared with 1.50 crore shares a year earlier.

Mobavenue AI Tech reported a net-profit ratio of 20.47% in FY26, compared with 17% in FY25. The company said its ratios are not strictly comparable because digital media and advertising agency operations began during the previous year, after it amended its objects clause and discontinued retail and wholesale sale-of-goods activity.

What drove Mobavenue AI Tech’s FY26 revenue and costs?

Mobavenue AI Tech earned its full FY26 revenue from sale of services in its digital media and advertising agency business, which it identifies as a single primary business segment. Its accounting policy states that advertisement-service revenue is recognised as services are rendered under customer contracts, after performance obligations are fulfilled.

Supply and data cost rose to Rs 9.94 crore in FY26 from Rs 2.63 crore in FY25 as service revenue expanded. Employee benefit expense increased to Rs 76.83 lakh from Rs 11.72 lakh, and other expenses rose to Rs 1.58 crore from Rs 80.77 lakh, including Rs 77.07 lakh in professional and legal fees.

Finance cost increased to Rs 2.43 crore from Rs 3.21 lakh. Interest on deferred consideration payable accounted for Rs 2.29 crore of the FY26 finance cost, while interest on income tax accounted for Rs 13.91 lakh. Other income was Rs 1.10 crore, including Rs 57.69 lakh of interest on loans and a Rs 41.74 lakh net foreign-exchange gain.

What happened to receivables and working capital in FY26?

Mobavenue AI Tech ended FY26 with trade receivables of Rs 6.96 crore, up from Rs 4.54 crore at March 31, 2025. Gross receivables were Rs 7.21 crore, against which the company recognised an expected credit-loss allowance of Rs 25.37 lakh, compared with Rs 2.28 lakh in the prior year.

Of gross receivables at March 31, 2026, Rs 2.90 crore was not due, Rs 2.91 crore was less than six months old and Rs 1.40 crore was between six months and one year old. The company also reported contract assets, described as unbilled receivables, of Rs 4.18 crore at year end, compared with no reported balance a year earlier.

Current assets reached Rs 70.31 crore at March 31, 2026 from Rs 16.35 crore at the prior year end. Current liabilities increased to Rs 18.70 crore from Rs 2.33 crore, and the current ratio declined to 3.76 times from 7.02 times; management attributed the movement primarily to liabilities from the subsidiary acquisition and proceeds from the share issue.

How did Mobavenue AI Tech finance the subsidiary acquisition?

Mobavenue AI Tech acquired a 100% stake in Mobavenue Media Private Limited for Rs 59.68 crore under a share purchase agreement dated September 3, 2025. The purchase replaced a previously proposed scheme of arrangement, and Mobavenue Media became a wholly owned subsidiary on that date.

Non-current investments stood at Rs 52.48 crore at March 31, 2026, compared with no such balance a year earlier. The balance comprised investments in Mobavenue Media and UK-incorporated Mobavenue Global Holdings Limited, which was incorporated on March 18, 2025; the company said Foreign Exchange Management Act compliance and capital-remittance processes for the UK entity remained in process at year end.

Mobavenue AI Tech issued 4.60 lakh equity shares at Rs 1,088 each, including a premium of Rs 1,078 per share, through a preferential allotment to non-promoters. The Rs 50 crore aggregate issue was stated to be unutilised at March 31, 2026 and held in mutual funds and fixed deposits, while the cash-flow statement recorded Rs 49.95 crore of net proceeds after share-issue expenses.

How did Mobavenue AI Tech’s balance sheet and cash flow change?

Mobavenue AI Tech’s total standalone assets rose to Rs 124.58 crore at March 31, 2026 from Rs 17.46 crore a year earlier. Total equity increased to Rs 68.38 crore from Rs 15.13 crore, while cash and cash equivalents rose to Rs 28.05 crore from Rs 3.86 crore and current mutual-fund investments increased to Rs 25 crore from Rs 1.01 crore.

Net operating cash flow was Rs 5.75 crore in FY26, reversing an outflow of Rs 1.55 crore in FY25. Net cash from investing activities was Rs 16.99 crore, including the recorded Rs 49.95 crore net equity-issue proceeds, partly offset by Rs 25 crore of mutual-fund investments and Rs 9.06 crore described as a first-tranche investment in the subsidiary.

The carrying value of deferred consideration payable to related parties was Rs 45.71 crore at March 31, 2026, comprising Rs 37.48 crore classified as non-current and Rs 8.23 crore as current. The company disclosed an undiscounted deferred-consideration total of Rs 50.73 crore payable to Tejas Rathod, Prachi Arora and Kunal Kothari.

Conclusion

Mobavenue AI Tech’s FY26 standalone accounts show a substantially larger digital media and advertising operation, with revenue rising to Rs 18.68 crore and profit after tax reaching Rs 3.82 crore. The growth coincided with the acquisition of Mobavenue Media, a Rs 50 crore preferential allotment and the recognition of Rs 45.71 crore in deferred acquisition consideration at carrying value.

The next disclosed events are shareholder consideration of the FY26 financial statements and the proposed final dividend of Rs 0.50 per equity share, which would result in an estimated Rs 26.59 lakh outflow if approved. After year end, Mobavenue AI Tech granted 1.22 lakh options under its 2025 employee stock-option scheme, while its approved five-for-one share split had no record date as of May 15, 2026.