Q1 FY27 Financial Performance (Consolidated)

  • Revenue from operations: INR 728 Mn, representing 56.9% YoY growth (from INR 464 Mn in Q1 FY26) and 16.3% QoQ growth (from INR 626 Mn in Q4 FY26)
  • EBITDA: INR 154 Mn at 21.2% margin, representing 77.0% YoY growth (from INR 87 Mn) and 15.8% QoQ growth (from INR 133 Mn)
  • Profit after tax: INR 117 Mn at 16.1% margin, representing 95.0% YoY growth (from INR 60 Mn) and 39.3% QoQ growth (from INR 84 Mn)
  • Data cost: INR 440 Mn (51.7% YoY increase)
  • Employee benefit expense: INR 84 Mn (90.9% YoY increase)
  • Other expenses: INR 50 Mn (16.3% YoY increase)
  • Finance cost: INR 14 Mn
  • Depreciation and amortization: INR 7 Mn
  • Other income: INR 22 Mn
  • Tax expense: INR 38 Mn

Operational Metrics

  • Revenue Per Outcome (RPO) operational model: No. of Outcomes (Mn) × Revenue Per Outcome (INR) = RPO Revenue (INR Mn)
  • Client revenue mix: Direct clients contributed 65.2% of revenue, while 34.8% came through reseller/agency channels
  • Geographic revenue mix: India contributed 79.3% of revenue, international markets contributed 20.7%

Strategic Developments and Launches

  • Launched Mobavenue Neural Engine: Unified AI intelligence layer integrating entire advertising lifecycle, enabling campaign setup in under 59 seconds
  • Launched PiiX (πX): AI-powered growth intelligence platform purpose-built for Apple Ads, integrating Apple Search Ads, Custom Product Pages, and App Store Optimization
  • Global expansion: Established offices in US and Singapore under UK entity; launched PrsmX in Philippines
  • New brand identity unveiled and showcased at New York's Times Square
  • Conducted AI Marketing Maturity Study with MMA India and EY, benchmarking AI adoption across 60+ marketing leaders in 11+ industries

Management Commentary

Ishank Joshi, Founder, MD & CEO stated: "Q1 FY27 reinforced the operating trajectory we have set out to build. Our priorities for FY27 remain clear: disciplined growth, margin resilience, deeper technology advantage, and durable long-term value for our clients, shareholders, and partners."

Business Overview

  • Global AI-powered AdTech and consumer growth company enabling businesses to connect with high-intent consumers
  • Proprietary A3 framework spanning Awareness, Acquisition, and Activation
  • Headquartered in Mumbai with offices in Delhi, Gurgaon, Bengaluru, London, New York, and Singapore
  • 200+ employees
  • Works with 155+ brands across e-commerce, BFSI, fintech, travel, OTT, gaming, healthcare, and retail

Technology Platform

  • AI-native platform with 100% proprietary technology stack
  • Processes over 125 crore (1.25 billion) daily consumer and campaign signals
  • Omnichannel capabilities across mobile, CTV, OTT, DOOH, web, and OEM ecosystems
  • Outcome-Aligned Revenue Model (OAAS - Outcomes As A Service)

Historical Financial Performance (Consolidated)

FY2026 (Year ended March 31, 2026):

  • Revenue: INR 2,185 Mn
  • Data cost: INR 1,316 Mn
  • Employee benefit expense: INR 259 Mn
  • Other expenses: INR 156 Mn
  • EBITDA: INR 454 Mn (20.8% margin)
  • PAT: INR 293 Mn (13.4% margin)

Balance Sheet Highlights (as of March 31, 2026)

  • Total assets: INR 2,054 Mn
  • Current assets: INR 1,792 Mn (including trade receivables of INR 593 Mn, cash & equivalents of INR 399 Mn, investments of INR 308 Mn)
  • Total equity: INR 906 Mn
  • Equity share capital: INR 155 Mn
  • Other equity: INR 751 Mn

Capital Market Information (as of June 30, 2026)

  • Face value: INR 2.0
  • Market price: INR 277.7
  • 52-week high/low: INR 323.9 / INR 171.0
  • Market capitalization: INR 21,465.6 Mn
  • Equity shares outstanding: 77.3 Mn
  • 1-year average trading volume: 14,800 shares

Future Growth Strategy

  • Deepen India enterprise customer relationships
  • Accelerate product innovation across AI, machine learning, and automation
  • Expand geographic reach across emerging and developed markets
  • Enter new business vertical segments including creative & monetization solutions
  • Strengthen AI platform stack with intelligent agents
  • Expansion through inorganic growth and acquisitions

Governance and Leadership

Board of Directors includes:

  • Ishank Joshi (Founder, MD & CEO)
  • Tejas Rathod (Founder & CTO)
  • Kunal Kothari (Founder, Chairman & COO)
  • Amit Mundra (Independent Director)
  • Pankaj Jain (Independent Director)
  • Kanchan Vohra (Women Independent Director)