539682
Lucent Industrie share price & financials
- Price
- ₹309.1
- Market cap
- ₹2.1k Cr
- Sector
- Information Technology
- Calls analysed
- 4
Lucent Industrie Q1 FY27
What went well
- Revenue from operations grew 56.9% year-on-year and 16.3% sequentially to Rs. 728 million.
- EBITDA delivered a 77% year-on-year growth to Rs. 154 million, with margins at 21.2%.
- Profit after tax was INR 117 million, up 95% year-on-year, with a 16.1% margin.
What to watch
- Direct client contribution declined to 65.2% in Q1 FY27 from 73.9% in FY26 due to initial international expansion via agency/reseller models.
- Management acknowledged risks from regulatory changes, economic volatility, currency fluctuations, and AI disruption, requiring careful mitigation strategies.
What Lucent Industrie does
Mobavenue AI Tech Limited (formerly Lucent Industries) operates a proprietary, outcome-as-a-service digital advertising and consumer-growth platform built around an Awareness-Acquisition-Activation framework. Its in-house demand-side platforms bid on ad inventory across mobile, CTV, OTT, DOOH and web, using AI/ML models to target audiences and optimise campaigns for direct advertisers and agencies in sectors such e-commerce, fintech, BFSI, travel, gaming, retail and healthcare. Revenue is earned per verified outcome delivered (visits, leads, installs, purchases) rather than on impressions, with the company owning its full technology stack rather than reselling third-party DSP capacity.
Segments
- Awareness (PrsmX)
- Acquisition (SurgeX, DiscvrX, AmplifiX)
- Activation (ResurgeX)
- Employees
- 200+
- Brand/advertiser clients served
- 150+
- Countries served
- 10
- Devices reached worldwide
- ~2.5 billion
- Office locations
- Mumbai (corporate HQ), Delhi, Gurgaon, Bangalore, and UK
- Direct-client revenue share
- 73.9% of revenue from direct clients (vs. intermediary channels)
Guidance record · Q1 FY27
what the last two calls moved 8 tracked 6 delivered 0 missed 2 open- EBITDA Margin delivered said Q2 FY26 Promised: Your EBITDA margins should be between 20 Q1 FY27: Reported 21.2%. Management reiterated long-term target of '20% or higher' as part of the 'Rule of 50'.
- Market Penetration open said Q1 FY27 Promised: We have a roadmap of next 12 to 18 months in terms of increasing our penetration both in evolved and the emerging markets. Q1 FY27: Guidance set for the next 12-18 months to increase penetration in evolved (e.g., US) and emerging (e.g., Philippines) markets.
All 8 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 58.7%, net profit up 100.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 33 | 5 | 46 | 54 +440% | 55 +67% | 63 +1160% | 73 +59% |
| EBITDA | 1 | 6 | 1 | 9 | 11 +1000% | 12 +100% | 13 +1200% | 15 +67% |
| Net profit | 1 | 4 | 1 | 6 | 7 +600% | 8 +100% | 8 +700% | 12 +100% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −74.4% 1Y
1Y: ₹1,078.45 on 10 Sept 2025 → ₹276.25. High ₹1,439.9 (13 Feb 2026), low ₹233.42 (18 May 2026).
How the price took the results
close before → close after
- Q1 FY27
- +1.8%
- 13 Aug
- Q4 FY26
- −79.1%
- 18 May
- Q3 FY26
- +1.8%
- 13 Feb
- Q2 FY26
- −0.6%
- 17 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹218 Cr |
| Operating profit | ₹45 Cr |
| Operating margin | 20.6% |
| Interest | ₹5 Cr |
| Depreciation | ₹3 Cr |
| Net profit | ₹29 Cr |
| Net margin | 13.3% |
| Cash from operations | ₹35 Cr |
| Free cash flow | ₹22 Cr |
| ROCE | 72.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY25 | FY26 |
|---|---|---|
| Equity capital | ₹15 Cr | ₹15 Cr |
| Reserves | ₹10 Cr | ₹75 Cr |
| Borrowings | ₹16 Cr | ₹13 Cr |
| Other liabilities | ₹93 Cr | ₹102 Cr |
| Total liabilities | ₹133 Cr | ₹205 Cr |
| Fixed assets | ₹12 Cr | ₹7 Cr |
| Capital work in progress | ₹0 Cr | ₹9 Cr |
| Investments | ₹7 Cr | ₹33 Cr |
| Other assets | ₹114 Cr | ₹156 Cr |
| Total assets | ₹133 Cr | ₹205 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −2.01 pp while the public added +1.96 pp. The shareholder count grew 625% to 4,323.
- Promoters
- 65.6%
- DIIs
- 0.0%
- Public
- 34.4%
Since Jun 2025
- Promoters −2.01 pp
- Public +1.96 pp
- DIIs +0.04 pp
How it drifted, 12 quarters
Over this window the public fell from 100.0% to 34.4% — −65.7 pp.
Ownership split by quarter, oldest first. Sep '23: Public 100.0%.Dec '23: Public 100.0%.Mar '24: Public 100.0%.Jun '24: Public 100.0%.Sep '24: Public 100.0%.Dec '24: Promoters 67.6%, Public 32.4%.Mar '25: Promoters 67.6%, Public 32.4%.Jun '25: Promoters 67.6%, Public 32.4%.Sep '25: Promoters 67.6%, Public 32.4%.Dec '25: Promoters 67.6%, Public 32.4%.Mar '26: Promoters 65.6%, Public 34.4%.Jun '26: Promoters 65.6%, DIIs 0.0%, Public 34.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Lucent Industrie above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Mr. Tejas Kiritkumar Rathod | 21.87% | unchanged |
| Mr. Kunal Hasmukh Kothari | 21.87% | unchanged |
| Ms. Prachi | 21.87% | unchanged |
| Falguni Chandresh Lotia | 12.35% | −0.39 pp |
| Jigar Rashmikant Kshatri | 4.15% | unchanged |
| Neha Ravindrakumar Shethwala | 4.07% | unchanged |
| Meena Ashok Shah | 3.20% | unchanged |
| Neha Jigar Kshatri | 1.49% | unchanged |
| Vinay Rajendrakumar Nagda | 1.09% | unchanged |
| Nilmesh Infrabuild Llp | 1.03% | unchanged |
| Mobavenue Media Private Limited | 0.00% | unchanged |
| Chillofy Digital Agency LLP | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- 34.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse Lucent Industrie
Guides on how to read this kind of business and the numbers that matter.