Adtech firm Mobavenue, formerly known as Lucent Industries, reported a 54.4% increase in consolidated net profit for the second quarter of fiscal year 2027. The company’s net profit reached ₹11.3 crore for the period ending in September, compared to ₹7.3 crore in the same quarter last year.
Key Takeaways
- Financial performance: Operating revenue grew 41.2% year-on-year to ₹76.7 crore.
- Profit comparison: Net profit rose significantly compared to last year but fell 3% sequentially from ₹11.7 crore.
- Rising costs: Total expenses increased 40.1% to ₹62.2 crore, driven by higher supply and data costs.
- Dividend policy: The company declared an interim dividend of ₹0.10 per share, with a record date set for November 13.
- Promoter waiver: Company promoters Prachi, Kunal Kothari, and Tejas Rathod waived their rights to the interim dividend.
Revenue and Expense Analysis
Mobavenue recorded a total income of ₹77.7 crore for the quarter, marking a 42% increase from the previous year. This total includes ₹1 crore in other income. While the top-line growth remained positive, expenses also climbed. Supply and data costs, which represent the company’s largest expenditure, rose 34.6% to ₹44.9 crore. Additionally, employee benefit expenses saw a 63.1% increase, totaling ₹9.9 crore.
Profit before tax grew by 49.6% to reach ₹15.5 crore, up from ₹10.3 crore in the corresponding period last year. Tax expenses for the quarter rose to ₹4.2 crore, compared to ₹3 crore in the prior year.
Dividend Declaration
The company board approved an interim dividend of ₹0.10 per equity share for fiscal year 2027. Shareholders recorded as of November 13 are eligible for the payout. Promoters Prachi, Kunal Kothari, and Tejas Rathod have voluntarily waived their entitlements to this dividend.
Why it matters: The financial results highlight the operational scale-up of adtech firms amid rising data and staffing costs. For investors and industry analysts, the promoter dividend waiver signals a focus on capital retention and shareholder value distribution strategy during periods of aggressive expansion.