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ShareChat parent Mohalla Tech grows FY26 revenue 40% to Rs 1,016 Cr as micro dramas take off
The Bengaluru company behind ShareChat, Moj and QuickTV cut its adjusted EBITDA loss by 58% to Rs 91 Cr, turned EBITDA positive in the first quarter of FY27 and says it could look at a listing in late 2027.
Mohalla Tech, the Bengaluru company that runs the regional language social app ShareChat, the short video app Moj and the micro drama app QuickTV, said on 4 November that its operating revenue rose 40% to Rs 1,016 crore in FY26, up from Rs 723 crore in FY25. Business Standard, Fortune India and VCCircle all carried the numbers, and Entrackr went through the annual results again on 10 November.
The growth came mostly from micro dramas, which are serial stories told in episodes of a minute or two. Subscriptions from QuickTV and Moj+ brought in Rs 293 crore in their first full year. Entrackr's reading of the results shows the chatroom feature, where users talk over video calls, is still the biggest line at Rs 471 crore, or 46% of operating revenue, while advertising fell 13% to Rs 252 crore. VCCircle reported the company linked the ad decline to the hit taken by real money gaming advertisers.
On profit, the picture depends on which number you read. The company says its adjusted EBITDA loss, which leaves out non cash costs, narrowed 58% to Rs 91 crore from Rs 219 crore. The Economic Times reported that loss before tax widened to Rs 1,978 crore from Rs 1,105 crore, which cofounder and CFO Manohar Singh Charan put down to accounting costs on convertible debt, foreign exchange losses and employee stock options. Entrackr puts the FY26 net loss at Rs 672 crore, against Rs 796 crore a year earlier.
The company says things have turned since. It reported its first EBITDA positive quarter in Q1 FY27, two positive quarters in the first half, four straight quarters of positive cash flow and an annual revenue run rate above Rs 1,500 crore. It expects EBITDA of close to Rs 25 crore for FY27. Charan told Business Standard the company could evaluate going public between October and December 2027 if it files on FY27 results.
