Mobavenue AI Tech Posts Strong Growth as Promoters Waive Dividends

Revenue: Rs 76.70 Crore (Q2 FY27) | Profit: Rs 11.27 Crore (Q2 FY27)

Reader Takeaway: Strong revenue growth and a promoter dividend waiver signal management confidence in capital allocation and shareholder returns.

What just happened

Mobavenue AI Tech Ltd has released its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026. The company reported a significant uptick in performance, with quarterly revenue reaching Rs 76.70 crore compared to Rs 54.32 crore in the same quarter last year. Profit for the period climbed to Rs 11.27 crore from Rs 730.29 lakh (Rs 7.30 crore) in the previous year's corresponding quarter.

Why this matters

The company’s board has declared an interim dividend of Rs 0.10 per equity share of Rs 2 face value. A unique highlight is the voluntary decision by promoters Ms. Prachi, Mr. Kunal Kothari, and Mr. Tejas Rathod to waive their dividend entitlements. This move is presented as a strategic effort to enhance liquidity and improve overall shareholder value. The record date for the dividend is set for November 13, 2026, with payment scheduled by December 2, 2026.

What changes now

Shareholders should note the upcoming Extraordinary General Meeting (EOGM) scheduled for November 26, 2026. The meeting will be held via Video Conferencing or Other Audio Visual Means. This meeting will likely serve as a forum for investors to engage with the leadership regarding the company's growth trajectory and future strategic plans.

Context metrics

For the half-year ended September 30, 2026, the company posted a total revenue of Rs 149.55 crore and a profit of Rs 22.93 crore, marking a substantial improvement over the Rs 100.73 crore revenue and Rs 13.30 crore profit recorded during the same period in the previous fiscal year.