Home›US Markets›Equities›Mobavenue AI Tech jumps 10% after Q1 profit rises 95%…

Mobavenue AI Tech jumps 10% after Q1 profit rises 95% YoY

The stock hit an intraday high of ₹338.50 on Wednesday after Mobavenue AI Tech reported Q1FY27 PAT of ₹11.7 crore, plus revenue growth to ₹72.8 crore.

Reported · Written up by our desk · Equities

Mobavenue AI Tech shares hit the BSE 10% upper circuit in a weak session on Wednesday, 12 August, gaining to an intraday high of ₹338.50 even as the Sensex fell nearly 1%. LiveMint Markets said the move came after the company reported a sharp year-on-year improvement in quarterly results. In an exchange filing dated 12 August, Mobavenue AI Tech said Q1FY27 profit after tax rose 95% year on year to ₹11.7 crore. Revenue from operations increased 57% year on year to ₹72.8 crore, while EBITDA climbed 77% year on year to ₹15.4 crore, and the EBITDA margin expanded by 240 basis points to 21.2%. The company attributed the growth to strong demand from direct advertisers in fast-growing areas including quick commerce, BFSI, fintech, and retail, as well as global client wins via its reseller and agency channels. It said direct clients accounted for 65.2% of revenue, international markets contributed 20.7% of revenue, and India accounted for 79.3%. Mobavenue AI Tech also launched the Mobavenue Neural Engine, an AI layer intended to run across its AI-powered AdTech and consumer operating system, designed to move a marketer from campaign planning to a live campaign in under 59 seconds. LiveMint Markets added that the stock has a market capitalization of ₹2,442 crore as of 1:30 PM on 12 August, with gains of 3,900% over three years and 13,944% over five years, and it was up 38% year-to-date.

Latest closeSensex 78,542.44 ▲0.1%

More like this

Sources