Mobile advertising platform InMobi Technology Services Pvt Ltd has reported a 41% revenue jump in the financial year ending March 31, 2023.

According to the company's financial data accessed by business intelligence platform Tofler, its revenue for FY23 stood at Rs 589.57 crore, up from Rs 415.93 crore in FY22.

The company’s profit after tax (PAT) also saw a huge jump from FY22. As per the statement, the PAT was Rs 113.2 crore for FY23, up from Rs 24.5 crore in FY22.

The Bengaluru-based company’s revenue from operations was recorded at Rs Rs 587 crore in FY2023, up from Rs 413.83 crore in 2022.

Between April 2022 and March 2023, the company spent a total of Rs 470.37 crores, up by 27% from the previous financial year. Out of this, the advertising expense of the company stood at Rs 4.98 crore in FY23, up from Rs 2.12 crore in FY22, which is more than 100 % increase.

Depreciation, depletion and amortisation expenses of the company were recorded at Rs 17.38 crore in FY23, up from Rs 15.97 crore the last year.

InMobi (formerly mKhoj) is an Indian multinational technology company founded in 2007. Its mobile-first platform allows brands, developers and publishers to engage consumers through contextual mobile advertising.