Mobavenue AI Tech Ltd

Financial Performance

• Revenue from operations: Rs 728 million; up 56.9% YoY, 16.3% sequential.
• EBITDA: Rs 154 million; up 77% YoY, 15.8% sequential; margin 21.2%.
• PAT: Rs 117 million; up 95% YoY, 39.3% sequential; margin 16.1%.
• Revenue per outcome: Rs 49.94; 14.16 million verified outcomes.
• Direct clients 65.2% of revenue; international markets 20.7%; India anchor.

Product & Tech Update

• Mobavenue Neural Engine launched; unified AI engine powering all A3 framework products.
• P3 framework: Process Signals, Predict Intent, Produce Outcomes.
• Four capabilities: planning, execution, creative intelligence, conversational reporting.
• Campaign planning to live launch in under 59 seconds.
• Decisioning latency under 15 ms; processes 1.3 billion signals daily.
• Closed-loop architecture: each outcome becomes a new signal.
• Maintains base margins around 20%, with year-on-year improvements.
• Global expansion: US, UK, ASEAN; premium inventory focus.
• PiiX Apple ads ecosystem launched; integrates Apple search ads and app-store assets.
• DOOH, streaming TV, retail expansion ongoing.

Q&A Highlights

• Rule of 50 reaffirmed: target 30% revenue growth; EBITDA margins 20%+ in the long term.
• UK/Latin markets pilots; Philippines; premium inventory and outcomes-based pricing.
• PiiX traction: revenue contribution negligible currently; 100-day/1000-day scaling plan.
• Top 5 sectors contribute 70–80% of total revenue; diversification underway.
• Raised ~50 crore via preferential issue; funds for technology, international expansion, selective inorganic opportunities.
• Risks: regulatory and currency exposure; mitigation via INR/USD revenue mix; competition.

Balance Sheet & Cash Flow

• Balance sheet remains strong; FY26 preferential raise supported cash-generative business.
• Capital allocation prioritizes AI stack, international expansion, and platform capabilities; selective inorganic opportunities.

Outlook and Guidance

• Long-term: Rule of 50 with 30% revenue growth and 20%+ EBITDA margins.
• 2030 ambition: global AI-native platform from India for the world.

Risks and Watchpoints

• Regulatory risk; currency exposure; competition dynamics in global markets.
• Balance between INR and USD revenues to mitigate currency impact.
• Customer concentration remains a consideration as growth scales.

Business Overview

• Mobavenue provides AI-native AdTech and consumer growth platforms across Awareness, Acquisition, Activation.
• Serves 155+ brands across e-commerce, BFSI, fintech, travel, retail.
• OAAS model monetizes outcomes, not licenses.
• Global footprint includes US and Singapore offices; SEA, LATAM, UK expansion.
• Launched Mobavenue Neural Engine and PiiX for Apple Ads.
• Brand identity refreshed to Mobavenue AI Tech Limited.
• FY27 priorities: disciplined growth, margin resilience, deeper technology advantage.

Key Operational Highlights

• Q1 FY27 revenue INR 728 Mn; EBITDA INR 154 Mn; PAT INR 117 Mn.
• EBITDA margin 21.2%.
• QoQ revenue up 16.3%; YoY up 56.9%.
• Direct clients 65.2% of revenue; 34.8% via reseller.
• Geographic mix: international 20.7%; India 79.3%.
• Launched PrsmX in the Philippines; US and Singapore expansion.
• Unveiled new identity and logo for Mobavenue AI Tech Limited.
• Launched Mobavenue Neural Engine enabling live campaigns in under 59 seconds.
• AI Marketing Maturity Study launched with MMA India & EY.

Financial Performance

• Q1 FY27: Revenue 728 Mn; EBITDA 154 Mn; PAT 117 Mn; 21.2% EBITDA margin.
• FY26 full-year: Revenue 2,185 Mn; EBITDA 454 Mn; PAT 293 Mn; EBITDA margin 20.8%.
• Cash and cash equivalents INR 399 Mn; total assets INR 2,054 Mn.
• Equity INR 906 Mn; borrowings INR 85 Mn.

Capital Structure & Liquidity

• Borrowings INR 85 Mn; no material long-term debt.
• Equity INR 906 Mn; share capital INR 155 Mn; other equity INR 751 Mn.
• Cash INR 399 Mn; market cap INR 21,465.6 Mn; shares outstanding 77.3 Mn.

Strategic Priorities & Outlook

• FY27 priorities: disciplined growth, margin resilience, deeper technology advantage.
• OAAS revenue accounts for 97+% of FY26 revenue.
• Global expansion: US, Singapore offices; Philippines PrsmX; 12-country footprint.
• Neural Engine integration across A3; AI-driven decisioning improvements.
• Brand identity refreshed to align with AI-native global platform strategy.

Risks & Mitigation

• Macro economic volatility in India and international markets.
• Competitive intensity and execution risk.
• Mitigation: AI-native platform and geographic diversification.

Governance & Leadership

• Ishank Joshi remains Founder, MD & CEO.
• Independent directors: Pankaj Jain, Amit Mundra, Kanchan Vohra.
• New corporate identity and Times Square showcase.

Financial highlights

• Revenue ₹728 million, up 56.9% YoY, 16.3% QoQ.
• EBITDA ₹154 million, up 77% YoY; margin 21.2%.
• PAT ₹117 million, up 95% YoY; PAT margin 16.1%.
• 16 million consumer outcomes, up 57.3% YoY; revenue per outcome ₹49.94, up 11%.
• Direct clients 65.2% of revenue; international markets 20.7%.

Operational developments

• Launched Mobavenue Neural Engine; introduced PiiX for Apple Ads.
• Opened US and Singapore offices.
• New brand identity unveiled.

Scale and reach

• Reach: 2.6 billion devices; 155+ brands in 12 countries.
• International revenue share rose to 20.7% (vs 11.5% prior year).

Management outlook

• Outlook: disciplined growth, margin resilience, deeper technology advantage, and long-term value.

Consolidated results

• Total income Rs 7,500.09 lakhs; QoQ up 19%.
• Revenue from operations Rs 7,284.64 lakhs; QoQ +16%.
• PBT Rs 1,552.45 lakhs; QoQ +35%.
• PAT Rs 1,166.00 lakhs; QoQ +38%.
• Basic and diluted EPS Rs 1.51.
• Auditors’ review: unmodified on consolidated results.
• Single segment: digital media and advertising agency.

Standalone results

• Total income Rs 1,128.94 lakhs; QoQ +88%.
• Revenue from operations Rs 1,022.39 lakhs; QoQ +83%.
• PBT Rs 321.82 lakhs; QoQ +121%.
• PAT Rs 240.86 lakhs; QoQ +113%.
• Basic and diluted EPS Rs 0.31.
• Single segment: digital media and advertising.

CSR and governance

• CSR Committee constituted with 4 directors; chaired by Kunal Kothari.
• Members: Tejas Rathod, Kanchan Vohra, Amit Mundra.

Capital actions & capex

• Equity split: Rs 10 to Rs 2 per share.
• Date: Jun 12, 2026.
• Share count increased to 7,72,97,790; paid-up capital unchanged.

ESOPs and post-quarter actions

• ESOPs granted: 1,21,705 options at Rs 217.60.
• ESOPs anti-dilutive for Q1 2026.

Subsidiaries & address

• Mobavenue LLC formed in USA on Mar 20, 2026.
• MAITL Asia Pte. Ltd formed in Singapore on Jun 30, 2026.
• Registered address changed to Maharashtra; approval Jul 2, 2026.

Meeting Details

• Date and time: August 13, 2026, 12:00 PM IST.
• Type and mode: conference call, virtual.
• Organiser: Valorem Advisors hosting Mobavenue AI Tech's Q1 FY27 earnings call.
• Company management: CEO/MD, CTO, and Group CFO.
• Purpose: discuss Q1 FY27 earnings results.

Record date details

• Record date fixed as August 26, 2026 to determine entitlement to final dividend, if declared.
• Dividend, if declared at AGM, will be paid on or before October 1, 2026.

Financial highlights

• Consolidated revenue 218.48 Cr; EBITDA 45.37 Cr; PAT 29.35 Cr; PAT margin 13.4%.
• EBITDA margin 20.8%.
• Standalone revenue 1,868.13 Lakh; Standalone PAT 382.48 Lakh.
• Consolidated India revenue 19,292.72 Lakh; International 2,555.05 Lakh.
• RPO revenue 200.27 Cr; total outcomes 4.27 Cr.
• Consolidated EPS 19.49; standalone EPS 2.54.
• Net cash from operations (consolidated) 34.82 Cr; debt-to-equity 14.15%
• Geography: India accounts for 88.5% of income; international 11.5%

Geography & operations

• India revenue dominates at 88.5% of total income; international markets contribute 11.5%.
• India-centric scale with expanding international footprint across 10 markets.
• India revenue by geography: 19,292.72 Lakh; outside India 2,555.05 Lakh.

Capital & dividends

• Issued capital post preferential issue: 1,545.96 Lakh (15,459,558 shares).
• Authorized share capital increased to 20 Cr from 16 Cr.
• Stock split: 1x10 into 5x2; record date 12 Jun 2026.
• Final dividend proposed: 0.50 per share post-split; record date 26 Aug 2026.
• Interim dividend paid in FY25: 0.50 per share; no prior dividend to promoters during FY25-26.
• Funds raised via preferential issue: 49.99 Cr; 4,59,558 shares allotted; funds unutilised.

Strategic developments

• Acquired Mobavenue Media Private Limited; MMPL becomes wholly owned subsidiary.
• Renamed to Mobavenue AI Tech Limited; MOA/AOA amended accordingly.
• OrbitX launched in the UK; PrsmX 1.0 milestone achieved.
• UK expansion; presence in 10 markets; Philippines market entry.
• ESOP 2025: 1,21,705 options granted; exercise price 1,088 per option.
• Rule of 50 target: revenue growth >30% and EBITDA margins >20%.
• Preferential issue proceeds invested in mutual funds and fixed deposits.

Governance & risk

• Board composition: 3 Executive Directors and 3 Independent Directors; one woman Independent Director.
• 7 Board meetings held; Independent Directors meetings conducted.
• Statutory Auditor: N. A. Shah Associates; Secretarial Auditor: Vishal N. Manseta; 2025 filing delay penalty Rs 11,800.
• Group CFO appointed: Vijay Basantani from 1 Apr 2026; Tejas Rathod shifts to CTO role.
• RPT Policy and related party disclosures in place; ESG principles ongoing.
• ESG disclosures: CSR policy; MMPL plantation and healthcare initiatives.
• Secretarial risk mitigations implemented; compliance monitoring strengthened.

Subsidiaries & consolidation

• Mobavenue Global Holdings Limited (UK) 100% as of Mar 18, 2025; Mobavenue Media Private Limited (India) 100%.
• Mobavenue LLC (USA) 100%; Surge Company LLC (Russia) 100% (step-down).
• Consolidation reflects common-control transaction with MMPL; restatement from Sep 4, 2024.

ESG & CSR

• 15,000 trees planted; estimated 10,000 tonnes CO2 offset over 20 years.
• Cervical Cancer Mukt Bharat Abhiyan: awareness sessions (358 people) and 125 doses administered.
• CSR policy in place; focus on energy efficiency, paperless workflows, and community health initiatives.

AGM Details

• Date and time: September 2, 2026, 3:00 PM IST.
• Mode: VC/OAVM.
• Record date for dividend entitlement: August 26, 2026.
• Dividend payment if declared: on or before October 1, 2026.

Key Resolutions

• Ordinary: Adopt Audited Financial Statements (Standalone & Consolidated) for FY 2025-26.
• Ordinary: Re-appoint Tejas Rathod, retiring by rotation.
• Ordinary: Declare dividend of ₹0.10 per equity share.

Director Details

• Re-appointment: Tejas Rathod to continue under existing terms.
• Remuneration last drawn: ₹12,00,000 per annum.
• Remuneration proposed: continues as per existing terms.
• Shareholding: 1,69,02,600 equity shares.

Dividend Details

• Record date fixed for entitlement: August 26, 2026.
• Dividend amount proposed: ₹0.10 per equity share.
• Payment date if approved: October 1, 2026.

Voting Status

• Voting results not disclosed in filing.