Transcript of Earnings Call for the quarter ended June 30, 2026

August 19, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001. Scrip Code: 539682 Subject: Transcript of Earnings Call for the quarter ended 30th June 2026. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), please find enclosed transcript for the earnings/ conference call with the Analysts/Investors for the Q1 FY 2026-27 financial results of the Company conducted through digital means on Thursday, 13th August, 2026, at 12.00 PM (IST). Transcript is also available on the website of the Company at www.mobavenue.ai. Request to kindly take the same on record. Yours sincerely, For Mobavenue AI Tech Limited (Formerly known as Lucent Industries Limited) Kunal Kothari Chairman & Chief Operating Officer DIN: 07111105 Encl.: As Above. Mobavenue AI Tech Limited Q1 FY’27 Earnings Call August 13, 2026 Moderator: Ladies and gentlemen, good day and welcome to Mobavenue AI Tech Limited Q1 FY27 Earnings Conference Call hosted by Valorem Advisor. As a reminder, all participants’ lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing “*” then “0” on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors. Thank you and over to you Ms. Jain. Purvangi Jain: Thank you. Good afternoon, everyone and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the Investor Relations of Mobavenue AI Tech Limited. On behalf of the company and Valorem Advisors, I would like to thank you all for participating in the Company’s Earnings Conference Call for the quarter ended on June 30, 2026. Before we begin, let me mention a short cautionary statement; Some of the statements made in today’s earnings call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management’s beliefs as well as assumptions made by and information currently available to the management. Audiences are cautioned not to place any undue reliance on these forward-looking statements in making any investment decisions. The purpose of today’s earnings call is purely to educate and bring awareness about the company’s fundamental business and financial quarter under review. I would now like to introduce you to the management team joining us on today’s call. We have with us Mr. Ishank Joshi – Founder, Managing Director and Chief Executive Officer. Mr. Vijay Basantani – Group Chief Financial Officer and Mr. Tejas Rathod – Founder and Chief Technology Officer. Without any delay, I request Mr. Ishank to start with his opening remarks. Thank you and over to you, sir. Page 1 of 15 Ishank Joshi: Thank you. Good afternoon, everyone. It’s a pleasure to welcome you all to our Earnings Conference Call for the 1st Quarter of the Financial Year 2027. I would like to begin by extending our sincere thanks to the Valorant team for hosting us today’s call. I will cover some of the strategic and business review in this call. Vijay, our CFO, will take you through the financials. Tejas, who is our founder and CTO, will walk you through the technology and the Mobavenue Neural Engine, which is our most significant technology milestone this quarter, to share with all of you guys. For some of the people who may be new to the company, let me start with a brief overview of the company and the business model. Mobavenue AI Tech Limited is an AI-native global AdTech and a consumer growth platform helping brands, enterprises, publishers, agencies connect with high-intent consumers and drive measurable outcomes across the customer journey. Our platform brings together proprietary AI, deep data intelligence, and programmatic advertising capabilities across mobile, web, video, connected TV, and other digital environments. At the core of our offering is our A3 framework. We call it “Awareness, Acquisition, Activation”, through which we help our customers and clients to build reach, acquire relevant customers, and re-engage users, positioning us as a full-funnel consumer growth platform focused on deriving sustainable digital growth. Today we serve around 155 plus brands across 12 countries, with growing presence across India, international markets including UK, Latin America, Southeast Asia, Middle East, US, and Singapore. Our client base is also increasing, diversifying, spanning across e-commerce, FinTech, banking, BFSI, travel, gaming, healthcare, retail, FMCG, consumer goods, and other digitally native and emerging businesses. What differentiates Mobavenue is that we are not a traditional media intermediary. We are a building, a technology-led, outcome-based growth platform. Our proprietary technology and deep consumer intelligence enable us to deliver measurable outcomes for our clients at scale. Today our platforms process more than 1.3 billion signals every day. We reach approximately 2.6 billion devices globally, monthly, and deliver these decisions in under 15 milliseconds, demonstrating the scale and the speed of our technology and machine learning infrastructure. Importantly, our asset-light operating model allows us to scale these platforms across both developed and developing markets with limited incremental infrastructure investment, supporting scalability and operating leverage that we have got. We believe this combination of proprietary technology, AI-led decision-making, deep consumer intelligence, and an asset-light model positions Mobavenue well to participate in a structural shift towards measurable, outcome-driven digital advertising and consumer growth. Page 2 of 15 So, that’s about Mobavenue and our journey over years, and FY26 was the year of foundational pieces at Mobavenue which we came together. Q1 FY27 is the quarter we began building on the base with intent, a quarter of disciplined execution, a profitable growth, and a clear step in our evolution from an AI-powered platform toward an AI-native ecosystem, and towards becoming a truly global company. For the quarter, revenue from operations was Rs. 728 million, up by 56.9% year-on-year and 16.3% sequentially. Our EBITDA was Rs. 154 million, up by 77% year-on-year, margins at 21.2%, up by 240 basis points, and profit after tax was INR 117 million, up by 95% year-on-year. The margins at that is standing at 16.1%, up by 320 basis points. While Vijay will take you through in detail, I would like to highlight that growth was broad- based and direct advertisers’ demand across all the sectors, our deeper enterprise relationships, our expanding international footprints, and our continuous progress towards our AI growth platforms. I want to focus on the industry shift we described through FY26 over last quarterly calls, which continues to play out. Budgets are moving from media-led platforms to outcome-led platforms. Brands want measurable growth, not reach-in isolations, and that plays directly to who we are, an AI- powered AdTech and consumer growth platform, not a media intermediary, which I shared earlier. Some of the four key development points that I want to share in the road ahead and which we have done in the last quarter: 1. Bringing a new brand identity. This is not a cosmetic. It reflects our evolution from an AdTech player into an AI-native advertising and consumer growth platform built for global markets. We unveiled it at Times Square in New York alongside with our United States entry, a technology company built in India stepping into a global stage. That’s truly a big achievement for us. We launched our core Mobavenue Neural Engine, our unified AI intelligence layer, the engine, the core of our stack [Showing first 8,000 characters — download PDF for full document]