Mobavenue AI Tech H1 PAT rises 72.2% as margins expand

Mobavenue AI Tech Limited reported first-half (H1) FY27 profit after tax (PAT) of Rs 22.9 crore, up 72.2% year on year for the half year ended September 30, 2026, as revenue from operations rose 48.6% to Rs 149.6 crore and PAT margin increased 210 basis points to 15.3%.

How did Mobavenue AI Tech perform in H1 FY27?

Mobavenue AI Tech reported faster growth in profit than revenue in H1 FY27. Revenue from operations increased from Rs 100.7 crore in H1 FY26 to Rs 149.6 crore, while PAT rose from Rs 13.3 crore to Rs 22.9 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 59.6% to Rs 31.6 crore from Rs 19.8 crore.

The reported growth rates show operating profit and PAT increasing faster than revenue during the half year. EBITDA rose 59.6%, against revenue growth of 48.6%, while PAT rose 72.2%. Profit before tax increased 65.8% to Rs 31.0 crore from Rs 18.7 crore, before the tax charge reduced the amount to the reported PAT figure.

All the H1 FY27 figures were unaudited and consolidated. Mobavenue AI Tech reported EBITDA of Rs 31.6 crore, or 21.1% of revenue, compared with a 19.7% EBITDA margin in H1 FY26. It also reported a PAT margin of 15.3%, compared with 13.2% a year earlier.

Why did Mobavenue AI Tech’s margins increase?

Mobavenue AI Tech’s EBITDA margin increased 140 basis points to 21.1% in H1 FY27 from 19.7% in H1 FY26, while PAT margin rose 210 basis points to 15.3% from 13.2%. A basis point is one-hundredth of a percentage point. Management attributed the margin development to the scaling of its asset-light, outcome-based model.

The company reported that revenue per outcome rose 10.4% year on year, indicating that it earned more for each outcome delivered. In the second quarter (Q2) of FY27, it delivered about 15 million consumer outcomes, including installs, purchases and sign-ups, up 52.3% year on year. These operating measures accompanied the H1 rise of Rs 11.8 crore in EBITDA and Rs 9.6 crore in PAT.

The Q2 result also showed year-on-year margin expansion. EBITDA margin was 21.1% in Q2 FY27, up 80 basis points from 20.3% in Q2 FY26, while PAT margin rose 130 basis points to 14.7% from 13.4%. Management said EBITDA margin had remained above 21% for a third consecutive quarter.

What were Mobavenue AI Tech’s Q2 FY27 results?

Mobavenue AI Tech reported Q2 FY27 revenue from operations of Rs 76.7 crore, up 41.3% from Rs 54.3 crore in Q2 FY26. EBITDA increased 47.3% to Rs 16.2 crore from Rs 11.0 crore, while PAT rose 54.8% to Rs 11.3 crore from Rs 7.3 crore for the quarter ended September 30, 2026.

Q2 revenue growth of 41.3% was below the 48.6% growth reported for H1 FY27, while Q2 EBITDA and PAT still grew faster than quarterly revenue. Profit before tax increased 50.5% to Rs 15.5 crore from Rs 10.3 crore. The Q2 PAT margin of 14.7% was lower than the H1 FY27 margin of 15.3%, although both periods were above their respective year-earlier margins.

Q2 revenue of Rs 76.7 crore represented slightly more than half of H1 FY27 revenue of Rs 149.6 crore. Q2 EBITDA of Rs 16.2 crore similarly accounted for slightly more than half of the Rs 31.6 crore reported for the half year. The company disclosed both sets of results on a consolidated and unaudited basis on November 3, 2026.

Which clients and geographies supported Mobavenue AI Tech’s growth?

Mobavenue AI Tech said direct clients generated 64.7% of Q2 FY27 revenue and 65.0% of H1 FY27 revenue. Demand came from direct advertisers in quick commerce, banking, financial services and insurance (BFSI), fintech, superapp, entertainment, travel and commerce, alongside new client wins.

International markets contributed 23.8% of Q2 FY27 revenue, compared with 20.7% in Q1 FY27 and 12.3% in Q2 FY26. Their contribution for H1 FY27 was 22.3%, leaving India with 77.7% of half-year revenue. The company said it served clients across 13 countries, with Singapore operating as its Southeast Asia hub.

The operating platform processed about 1.4 billion signals daily and made bid decisions in under 15 milliseconds, according to the release. Mobavenue AI Tech also reported a worldwide reach of about 2.7 billion devices, service to 170 brands and a workforce of more than 200 people. These measures describe operating scale rather than separately reported financial line items.

What is Mobavenue AI Tech doing to support future growth?

Mobavenue AI Tech is expanding in Southeast Asia and the United States while developing product capabilities for its PiiX Apple Ads platform. The company said business was under way in the Philippines, Indonesia and Thailand, and it appointed Eric Lind as United States Country Head, citing his more than 20 years of AdTech and consumer-growth experience.

PiiX has capabilities covering keyword and competitor intelligence, artificial intelligence-driven bid optimisation and Custom Product Page intelligence. Mobavenue AI Tech said its platforms are increasingly connected through the Mobavenue Neural Engine, a shared intelligence layer supporting its A3 framework of Awareness, Acquisition and Activation across its 170-brand client base.

The company has initiated the merger of its wholly owned Indian subsidiary into Mobavenue AI Tech. Management said the plan would consolidate Indian operations under one entity to simplify the corporate structure and improve operational efficiency. The transaction remains subject to requisite approvals, and the release did not disclose a completion date or quantified financial effect.

Conclusion

Mobavenue AI Tech’s H1 FY27 results showed PAT growth of 72.2% exceeding revenue growth of 48.6%, alongside a 140-basis-point increase in EBITDA margin and a 210-basis-point increase in PAT margin. The Q2 FY27 result also recorded a 23.8% international revenue share, compared with 12.3% in Q2 FY26, while direct clients contributed 64.7% of quarterly revenue.

The next disclosed developments to watch are execution in the Philippines, Indonesia, Thailand and the United States, further PiiX capability development, and progress on the Indian subsidiary merger. The merger requires approvals, while Mobavenue AI Tech’s international business was serving clients across 13 countries at the end of Q2 FY27.