Mobavenue Q2 Profit Rises 54% YoY To ₹11.3 Cr, Revenue Up 41%

Adtech company Mobavenue, formerly known as Lucent Industries, reported a 54.4% jump in its consolidated net profit to ₹11.3 Cr in the September quarter of FY27 (Q2 FY27) from ₹7.3 Cr in the year-ago period. Operating revenue rose 41.2% YoY to ₹76.7 Cr. 

Sequentially, the top line increased 5.3% from ₹72.8 Cr, while net profit declined about 3% from ₹11.7 Cr.

Total income, including an other income of ₹1 Cr, stood at ₹77.7 Cr during the quarter, up 42% YoY. Total expenses increased 40.1% YoY to ₹62.2 Cr from ₹44.4 Cr. Supply and data costs, the largest expense component, rose 34.6% to ₹44.9 Cr, while employee benefit expenses increased 63.1% to ₹9.9 Cr.

Profit before tax grew 49.6% to ₹15.5 Cr from ₹10.3 Cr in the corresponding quarter last year. Tax expense for the quarter increased to ₹4.2 Cr from ₹3 Cr a year ago. 

Along with the financials, the company declared an interim dividend of ₹0.10 per equity share for FY27. It has fixed November 13 as the record date for determining the eligibility of shareholders entitled to receive the interim dividend on equity shares.

The promoters of the company – Prachi, Kunal Kothari, and Tejas Rathod – have voluntarily decided to waive their respective entitlements to receive the interim dividend declared by the company in respect of their respective shareholdings

(The story will be updated soon)

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