Mobavenue AI Tech Q4 FY26: Sales up 1,285% to ₹62.62 cr

Q4 FY26 results at a glance

Mobavenue AI Tech reported a sharp year-on-year rise in consolidated performance for the quarter ended March 2026 (Q4 FY26). Net sales rose to ₹62.62 crore, compared with ₹4.52 crore in the quarter ended March 2025. Consolidated net profit increased to ₹8.44 crore from ₹0.99 crore over the same period. The company also reported EBITDA of ₹13.67 crore for the quarter, against ₹1.38 crore a year ago. Reported growth rates in the release included 1,285.40% for sales and 752.53% for quarterly net profit.

Key quarterly numbers: revenue, profit, and margins

For Q4 FY26, the company reported revenue of ₹62.62 crore and PAT of ₹8.44 crore. A PAT margin of 13.48% was cited for the quarter, down 0.33% quarter-on-quarter. Operating profit margin (excluding other income) was reported at 21.30% in Q4 FY26. Profit before tax stood at ₹11.46 crore, up sequentially from ₹10.74 crore in Q3 FY26. Interest cost was ₹1.52 crore in Q4 FY26 versus ₹1.53 crore in the previous quarter, while depreciation rose to ₹0.69 crore from ₹0.58 crore.

Full-year FY26: revenue at ₹218.48 crore, PAT at ₹29.35 crore

For the year ended March 2026 (FY26), Mobavenue AI Tech reported consolidated sales of ₹218.48 crore, up from ₹87.15 crore in FY25. Full-year net profit rose to ₹29.35 crore from ₹9.66 crore in FY25. The company also disclosed consolidated EBITDA of ₹45.37 crore for FY26. In the same set of disclosures, revenue was also referenced as ₹21,848 lakh for FY26, which equals ₹218.48 crore, and PAT was cited as ₹2,935 lakh, which equals ₹29.35 crore.

How the growth was described by the company

The company attributed year-on-year revenue growth to direct advertiser demand in sectors such as quick commerce, BFSI, fintech and retail. It also cited global expansion and sustained momentum in Connected TV (CTV) and video advertising-based platforms. Separately, the company highlighted that its transformation from Sylph Education Solutions to Mobavenue AI Tech Limited in October 2025 was accompanied by strong financial momentum. The commentary described the latest quarter as part of a multi-quarter trajectory of expansion.

Quarterly trend: sequential growth and PAT margin

The company disclosed a multi-quarter table showing revenue and profit progression through FY25 and FY26. It reported seven consecutive quarters of sequential revenue expansion, alongside double-digit QoQ growth in several quarters. Q4 FY26 revenue was stated as up 13.61% QoQ versus ₹55.12 crore in Dec 2025, while PAT rose 10.91% QoQ to ₹8.44 crore. The reported PAT margin in Q4 FY26 was 13.48%, compared with 13.81% in Dec 2025.

Q3 FY26 and 9M FY26 disclosures

For Q3 FY26, the company reported revenue from operations of ₹55.12 crore (₹5,512 lakh), up 67.2% year-on-year from ₹32.97 crore (₹3,297 lakh). EBITDA was reported at ₹12.25 crore (₹1,225 lakh), up 113% year-on-year, with an EBITDA margin of 22.2%. PAT for Q3 FY26 was ₹7.61 crore (₹761 lakh), up 107.4% year-on-year, with PAT margin of 13.8% versus 11.1% a year earlier. For the nine months ended December 2025 (9M FY26), Mobavenue reported revenue of ₹155.85 crore, EBITDA of ₹32.02 crore and PAT of ₹20.91 crore.

Capital efficiency and leverage metrics cited

The company’s disclosed metrics highlighted high return ratios. Return on equity (ROE) was cited at 86.40% (average), with a “latest” ROE reading of 39.41% also mentioned. Return on capital employed (ROCE) was cited as 187.08% (average), with a latest ROCE of 55.69%. The release also referenced a debt-to-EBITDA ratio of 0.94 and net debt-to-equity of 0.04. Interest coverage (EBIT to interest) was cited at 14.14 times.

Stock performance: strong 1-year return, recent consolidation

The stock’s one-year return was reported at 75.58%, compared with the Sensex’s negative 8.84% return for the same period, implying an alpha of 84.42 percentage points. Over shorter windows, the stock was down 22.26% over three months and 8.67% over one month. The stock price was cited at ₹1,115, which was stated as 25.67% below its 52-week high of ₹1,500 and 78.40% above its 52-week low of ₹625. Technical indicators in the note described the trend as “Mildly Bullish” as of April 27, 2026, while also stating the stock was trading below key moving averages (5-day, 20-day, 50-day, 100-day and 200-day).

Valuation snapshot and peer references

The valuation discussion in the release flagged premium multiples. It cited a trailing P/E of about 79x, compared with an industry P/E of 49x. Price-to-book was stated at 70.33x, EV/EBITDA at 116.77x, and EV/sales at 19.79x. Dividend yield was cited at 0.09%, based on a dividend of ₹0.50 per share. The peer table referenced NIIT Learning (P/E 14.54x), MPS Limited (19.02x), and Shanti Educational Initiatives (738.10x), among others.

Shareholding picture and what investors tracked

A shareholding table showed promoter holding at 65.60% in Mar 2026, with non-institutional holding at 34.40%. FII and mutual fund holdings were shown as 0.00% across the periods listed. The same note flagged “zero institutional holding” as a concern alongside high volatility, with beta cited at 1.50 and one-year volatility at 41.79%. It also referenced a proprietary score of 62/100 and a “HOLD” rating.

Conclusion

Mobavenue AI Tech’s FY26 numbers show a sharp improvement in scale, with Q4 revenue at ₹62.62 crore and PAT at ₹8.44 crore, and full-year revenue at ₹218.48 crore with PAT of ₹29.35 crore. The disclosures also highlighted strong margins and high return ratios, alongside premium valuation metrics and recent price consolidation. Investors tracking the stock have clear quarterly markers to watch, including revenue momentum, operating margin behaviour and any change in institutional participation.