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…
Mobavenue, the adtech firm formerly known as Lucent Industries, announced a substantial 54.4% surge in its net profit to ₹11.3 Cr in Q2 FY27, compared to ₹7.3 Cr in the same period last year. The company's operating revenue climbed by a notable 41.2% YoY to ₹76.7 Cr, with sequential revenue rising 5.3% from ₹72.8 Cr. Despite this growth, Mobavenue's net profit experienced a slight dip of around 3%, falling short of the ₹11.7 Cr recorded in Q2 FY26.
Total income for the quarter, including supplementary revenue of ₹1 Cr, amounted to ₹77.7 Cr, representing a 42% YoY increase. However, total expenses surged 40.1% YoY to ₹62.2 Cr, up from ₹44.4 Cr in the previous year. Supply and data costs, the biggest expense category, saw a 34.6% rise to ₹44.9 Cr, while employee benefit expenses jumped by 63.1% to ₹9.9 Cr.
The company's profit before tax saw a remarkable 49.6% increase to ₹15.5 Cr, up from ₹10.3 Cr in the same quarter last year. Correspondingly, tax expenses escalated to ₹4.2 Cr from ₹3 Cr in Q2 FY26. Mobavenue also declared an interim dividend of ₹0.10 per equity share for FY27, with the record date set for November 13. Promoters Prachi, Kunal Kothari, and Tejas Rathod have offered to waive their respective dividend entitlements based on their shareholdings.
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