Mohalla Tech, parent company of ShareChat, has crossed Rs 1,000 crore in operating revenue in FY26, even as it continues to report significant losses. The Bengaluru-based company recorded operating revenue of Rs 1,016 crore during the financial year ended March 2026, up 40.5% from Rs 723 crore in FY25. Its net loss, however, narrowed 15.58% to Rs 672 crore from Rs 796 crore in the previous financial year.
Company operates three major platforms, ShareChat, Moj and QuickTV, targeting users interested in regional-language social media content and digital entertainment. Its latest financial performance reflects the contribution of subscription-based entertainment alongside its existing advertising and chatroom businesses.
Total income stood at Rs 1,105 crore, which included Rs 89 crore from the reversal of provisions for doubtful assets. The increase in revenue was accompanied by higher spending on business development, content, technology and financing.
Business Revenue Streams
ShareChat chatrooms remained the largest contributor to operating revenue, generating Rs 471 crore in FY26, an increase of 8.8% over the previous year. The feature allows users to interact through chatrooms and video calls and accounted for around 46% of the total operating revenue.
Advertising revenue moved in the opposite direction, declining 13% to Rs 252 crore during the year. The fall indicates pressure on one of the company established sources of income, despite its large audience across ShareChat and Moj.
Meanwhile, QuickTV contributed Rs 293 crore in subscription revenue during FY26. Unlike advertising income, subscription revenue is recognised over the period for which users purchase access. The platform has therefore added another source of income to the business through paid digital entertainment.
Expenses are Increasing
Mohalla Tech increased its spending on business development as it expanded its newer business verticals. These expenses rose 8.7 times to Rs 335 crore in FY26, compared with Rs 43 crore in FY25.
Employee benefit expenses declined 16% to Rs 220 crore following workforce reductions over the past year. This comparison excludes employee stock ownership plan (ESOP) expenses, which stood at Rs 739 crore in FY26 against Rs 184 crore in FY25. These are non-cash expenses and have been considered separately.
The company also incurred Rs 549 crore in interest expenses on borrowings through debt securities. Spending on servers, content development, legal services and other overheads further increased its cost base. As a result, total expenses rose 14.6% to Rs 1,777 crore from Rs 1,550 crore in FY25.
Profitability Challenges
Despite the addition of QuickTV subscription revenue, Mohalla Tech continues to face pressure on profitability. Its net loss narrowed to Rs 672 crore in FY26 from Rs 796 crore a year earlier, but the company is yet to bring its overall expenses in line with its income.
The loss calculation includes ESOP expenses and unrealised foreign exchange losses. Excluding these costs would present a different picture of the financial performance, which is why they have been retained in the overall loss figure.
At the unit level, Mohalla Tech spent Rs 1.75 for every rupee earned through operating revenue during FY26. Its EBITDA margin stood at -84%, indicating that its core operations continued to remain loss-making during the period.
QuickTV is New Vertical
The combined user base of ShareChat and Moj exceeds 300 million, giving Mohalla Tech a large audience for introducing additional services and revenue models. QuickTV represents one such effort, with its subscription business contributing Rs 293 crore during FY26.
However, the decline in advertising revenue remains an important concern. Advertising has traditionally been a major source of income for social media platforms, and the latest figures raise questions about the pace of growth in this segment.
The chatroom business continues to generate the largest share of operating revenue, but its 8.8% growth is relatively moderate compared with the overall 40.5% increase in revenue. The company will need to develop additional income sources while improving the performance of its existing businesses.
About Mohalla Tech
Mohalla Tech was founded in 2015 by Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan, Mohalla Tech is a Bengaluru-based technology startup operating social media and digital entertainment platforms. Its portfolio includes ShareChat, a regional-language social networking platform, Moj, a short-video application, and QuickTV, a subscription-based digital entertainment platform.
Company follows a multi-source revenue model based on digital advertising, user subscriptions and monetisation of interactive content. Its business focuses on serving audiences across different Indian languages through mobile-based platforms.
The next phase will be important for Mohalla Tech as it works to improve monetisation across its platforms and control operating costs. While the addition of QuickTV has strengthened its revenue base, declining advertising income, substantial interest expenses and continued operating losses remain key challenges.
